Core Scientific expects that its AI collaboration with CoreWeave will generate $3.5 billion over 12 years from renting out 18% of its infrastructure. Core Scientific took to X on June 3 to announce a $3.5 billion deal with AI cloud provider CoreWeave. Core Scientific will provide an additional 200 megawatts (MW) of infrastructure to host CoreWeave’s high-performance computing (HPC) operations as part of the contract. The announcement says that the deal is expected to generate total cumulative revenue for Core Scientific of over $3.5 billion during the initial 12-year terms of the contracts. The estimated average annual revenue from the contracts is expected to be roughly $290 million