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Core ScientificCoinDesk
•80% Informative
Bitcoin miner Core Scientific announces deal to help cloud-computing firm CoreWeave expand its AI capabilities.
The deal is expected to generate $8.6 billion in revenue over 12 years .
Core Scientific is one of the biggest mining operations in the world in terms of hashrate, per TheMinerMag data.
AI sites tend to be much more expensive and less versatile than bitcoin mining operations, which can be plopped in all kinds of remote locations all around the world.
Core Scientific , as a rule of thumb when examining a new site, will determine whether the economics of it makes sense for AI purposes first , and, if not, look at it from a bitcoin mining perspective.
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