Mentioned:
CoreWeave is one of the most important companies in the world for providing access to GPUs. And now, they’re partnering with Galaxy Digital for expansion.
What’s happening:
- CoreWeave (NASDAQ: CRWV) and Galaxy Digital (TSX: GLXY) have announced a new deal for hosting high performance computing at Galaxy Digital’s Helios data centre located in Texas
By the numbers:
- Galaxy Digital will provide 133 megawatts of computing capacity at their Helios data centre to CoreWeave
- The deal is expected to generate approximately $4.5B USD over 15 years
Why it matters:
- This is the first major deal for artificial intelligence workloads and high performance computing that Galaxy Digital has entered into since initially acquiring the Helios data centre from Argo Blockchain
Going deeper:
- This is not the first time that CoreWeave has cut a deal with a publicly listed company to repurpose old Bitcoin mining operations for artificial intelligence workloads, previously entering into a partnership with Core Scientific (NASDAQ: CORZ) to leverage their data centre infrastructure for high performance computing
