Core Scientific, a mining company, will transform its infrastructure to provide high-performance computing services for the AI ​​field

Bitcoin mining company Core Scientific is transforming part of its infrastructure to provide high-performance computing services to artificial intelligence companies. Core Scientific deployed 16 megawatts of data center capacity for artificial intelligence startup CoreWeave and plans to convert more capacity in the future. "We are in regular discussions with customers in this field and hope to further expand this part of the business this year," Core Scientific CEO Adam Sullivan said on the company's earnings call on Wednesday. "Our goal is to become a market leader in providing digital infrastructure for high-performance computing." Sullivan said it may take three to four years to fully convert 500 megawatts of Bitcoin mining infrastructure into high-performance computing hosts, and the company expects to start generating revenue as customers increase. In addition, Core Scientific's first-quarter revenue was $179.3 million, an increase of $58.6 million from the same period last year. This is mainly due to the rise in Bitcoin prices earlier this year and the increase in computing power generated by its facilities. (Bloomberg) Previously in March, Core Scientific announced a multi-year contract with GPU cloud provider CoreWeave to provide CoreWeave with up to 16MW of data center infrastructure. The total potential revenue associated with the contract exceeds $100 million. Under the terms of the contract, Core Scientific will provide 16 MW of capacity at its new data center in Austin, Texas, to host CoreWeave’s infrastructure. Core Scientific is leasing a Tier III data center in Austin to expand its hosting business, including HPC.