Nvidia-backed AI cloud provider increases use of cryptocurrency mining facilities — CoreWeave expands contract as miners pivot to AI

CoreWeave, an AI hyper-scaler partnered with GPU giant Nvidia, has expanded its current contract to lease high-performance computing capability from Core Scientific. Core Scientific is likely one of the largest house owners and operators of cryptocurrency mining providers in North America.

CoreWeave was as soon as a cryptocurrency mining outfit itself. It pivoted away from that enterprise years in the past, shifting as an alternative into visible results rendering, inference service, and pixel streaming. When the discharge of OpenAI’s ChatGPT opened the firehose of demand for AI computing, CoreWeave saw an opportunity.