Core Scientific (Corz) stock rose more than 11% aftermarket on Wednesday, after the data center and Bitcoin Mining Company said it was planning an expansion of $ 1.2 billion of a data center in denton, Texas, with Coreweave, to support artificial intelligence (AI) and High-Performance Cloud Computing (HPC).

“The 70 MW [megawatt] Of further contracted power at the denton site, the full critical IT load increases to approx. 260 MW, “According to a statement.

“The agreement increases Coreweave’s overall contracted HPC infrastructure with nuclear scientific to about 590 MW in six places. We believe this addition is in accordance with Coreweave’s growing need for high-density infrastructure to support NVIDIA GPU operations.”

Read more: Bitcoin mine workers turn to AI to survive. Core Scientific stepped into the race many years ago

The expansion is based on a partnership between the two companies that focus on implementing advanced computer solutions on scale. Core Scientific said the company “actively looking for additional places to expand its HPC hosting capacity”, which underlies the growing demand for data centers that can host and support computing power to HPC and AI machines.

“With over $ 10 billion in potential cumulative revenue with Coreweave, we believe Core Scientific is strategically placed to utilize the growing demand for energy -tight, application -specific data centers,” the statement states.

Bitcoin my workers have moved some of their computer forces to AI to diversify their sources of income as competition in the mining sector has become intense after the recent halving event and rising power costs.

Coreweave, a sky provider specializing in AI and GPU-based workload, has quickly scaled its infrastructure to support growing business demand.

Read more: AI is here, but that doesn’t mean Bitcoin -Mine workers are done
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