CoreWeave (NASDAQ: CRWV), the AI Hyperscaler™, today announced its intent to commit up to $6 billion to equip a new, state-of-the-art data center in Lancaster, Pennsylvania, purpose-built to power the most cutting-edge AI use cases. The initial 100 megawatt (MW) data center, with potential to expand to 300 MW, represents one of the first large-scale data centers of its kind in the region and will support US global competitiveness in AI.
CoreWeave Inc's acquisition of Core Scientific Inc is expected to add 150-200MW of IT capacity for HPC and AI, but analyst Mike Cikos downgraded stock to Hold due to higher capital expenditure and potential divestment.
CoreWeave Inc (NASDAQ:CRWV) shares are moving higher Wednesday after the company announced that it became the first AI cloud provider to offer Nvidia RTX Pro 6000 Blackwell GPUs at scale.
Despite a 3% drop in Bitcoin's (CRYPTO: BTC) network hashrate in June, daily miner revenues soared to approximately $55,300 per exahash per second (EH/s), one of the highest profitability levels this year, according to a commentary shared with Benzinga by the analytics tea
