** Shares of bitcoin miner and data center operator Core Scientific rise 4.4% to $13.35 premarket
** AI startup CoreWeave exercises contract option for delivery of nearly 120 megawatt (MW) of additional digital infrastructure to host high-performance computing $(HPC.AU)$ operations - CORZ
** CORZ expects new contract to add about $2 bln in cumulative revenue over the 12 year contract
** AI boom has created significant demand for infrastructure to support compute workloads
** New contract expands total HPC infrastructure contracted by CoreWeave from CORZ to 500 MW
** CORZ says pursuing expansions to existing data centers and evaluating additional sites to expand HPC hosting capacity
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.