Coreweave, one of the hottest players in the Artificial Intelligence (AI) sphere, filed for an preliminary public offer (IPO) on March 3rd.

The company works closely with Bitcoin (BTC) Miner Core Scientific (Corz); The two companies have been inking a deal with several billion dollars for Core Scientific to build hundreds of megawatt infrastructure for Coreweave to run its AI services. In fact, Coreweave is far from Core Scientific’s biggest client.

Which raises a question: How will Coreweave’s IPO affect core science?

“Coreweave’s IPO is likely to have a correlating influence on core science,” Wolfie Zhao, head of research in TheminerMag, told Coindesk. “If Coreweave’s public debut is successful and it maintains strong revenue growth in the coming years, it will strengthen Core Scientific’s position as a reliable provider of the infrastructure, ensuring a stable income stream from hosting Coreweave’s GPUs.”

“However, if the AI ​​market is experiencing a downturn or the demand for high-press calculation is weakened, core may face similar headwinds as its business is increasingly linked to the wider AI ecosystem,” Zhao added.

IPO may end up being less of a big deal than Coreweave’s new $ 12 billion mentioned AI tongue weight Openai, suggested analysts in Investment Bank Canaccord Genuity in a March 12 -Note. The deal allows Coreweave to diversify its revenue away from Microsoft, which is currently contributing about about two -thirds of the company’s revenue. This diversification should end up benefiting core scientific because of the fact that Coreweave is the company’s largest customer.

This quest for diversity is likely to hurt the relationship between Coreweave and Core Scientific, wrote analysts at the investment company HC Wainwright on March 11. Coreweave’s IPO is another sign that rumors that Coreweave would try to drop his contract with Core Scientific is untrue. “From the 20,000 foot level, how in all world would that make any sense for Coreweave?” They wrote. Not only do the two companies have a long history of working together, but they regularly enter into agreements on core science to give even more infrastructure to the AI ​​hyperscaler.

As for the scientific scientific scientific, the company’s executive team is “enthusiastic” by the potential stock exchange listing, a spokesman Coindesk said. “We are proud to be part of their journey towards becoming a public company and looking forward to supporting their continued success. Nothing is more rewarding than seeing our customers grow and we are happy to continue to scale next to them when they reach new milestones.