secwatch.observer — SEC 8-K summary
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Issuer:     Core Scientific, Inc./tx (CORZ)
CIK:        0001839341
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001628280-24-034989
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core Scientific gets CoreWeave option exercise for ~112 MW HPC; total contracted 382 MW; cumulative revenue >$6.7B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839341/000162828024034989/0001628280-24-034989-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839341/000162828024034989/core-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-034989

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer