Microsoft plans to invest $10 billion in CoreWeave servers by 2030

ChainCatcher news, according to The Information, Microsoft plans to spend nearly $10 billion by 2030 to rent servers from the AI startup CoreWeave. The report cites comments made by the company to investors, indicating that this amount may be larger than previously known, accounting for more than half of the $17 billion contract total signed by CoreWeave with its customers. CoreWeave expects its revenue to quadruple next year to about $8 billion, and neither CoreWeave nor Microsoft has commented on the matter yet.

It is reported that CoreWeave has signed a multi-year contract with Bitcoin mining company Core Scientific, which will provide up to 16MW of data center infrastructure to host CoreWeave's infrastructure. Recently, Core Scientific also announced an expansion of its hosting contract with AI computing company CoreWeave, with the extended agreement adding 120 MW of power for CoreWeave's high-performance computing (HPC) operations, bringing the total power across six Core Scientific sites to 500 MW.