Amid the tightening sector, other Bitcoin mining operations have also lent their data warehouses out to AI companies, which require large amounts of computing power for tasks such

CoreWeave’s CEO said the acquisition will enhance the company’s performance and expertise as they "continue helping customers unleash AI’s full potential."

Data annotation specialist Scale AI confirmed in June that Meta had, as part of Mark Zuckerberg's superintelligence drive, taken a 49% stake in the company worth $14.3 billion, and cloud giant Oracle ( ORCL) announced in June that it had minted a cloud deal worth $30 billion in annual revenue with an undisclosed customer.