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

AI data center.

CoreWeave, an AI hyper-scaler partnered with GPU giant Nvidia, has expanded its existing contract to rent high-performance computing capacity from Core Scientific. Core Scientific is one of the largest owners and operators of cryptocurrency mining services in North America.

CoreWeave was once a cryptocurrency mining outfit itself. It pivoted away from that business years ago, moving instead into visual effects rendering, inference service, and pixel streaming. When the release of OpenAI’s ChatGPT opened the firehose of demand for AI computing, CoreWeave saw an opportunity.