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

Artificial intelligence hyperscaler CoreWeave said Monday it will acquire Core Scientific, a leading data center infrastructure provider. It is an all-stock deal valued at approximately $9 billion. The deal strengthens CoreWeave's position in the AI arms race by bringing critical infrastructure in-house.

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.