other material
confidence high
sentiment positive
materiality 0.75
Core Scientific gets CoreWeave option exercise for ~112 MW HPC; total contracted 382 MW; cumulative revenue >$6.7B
Core Scientific, Inc./tx
- CoreWeave exercises option for additional ~112 MW HPC infrastructure at Core Scientific sites, expected operational in H1 2026.
- Total contracted HPC infrastructure with CoreWeave increases to 382 MW across five sites, up from previous 270 MW.
- New 12-year contract adds ~$2.0B in projected revenue, bringing total cumulative revenue potential to over $6.7B.
- CoreWeave retains one remaining option for ~118 MW; Core Scientific actively seeking new sites beyond original 500 MW portfolio.
- Capital investments for infrastructure modifications funded by CoreWeave, consistent with prior agreements.