secwatch.observer — SEC 8-K summary
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Issuer:     Core Scientific, Inc./tx (CORZ)
CIK:        0001839341
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001628280-24-043341
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CoreWeave exercises final option for 120 MW HPC; total HPC now ~500 MW, $8.7B cumulative revenue
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- CoreWeave exercised final option for ~120 MW incremental critical IT load HPC hosting at one Core Scientific site.
- New contract adds ~$2.0B projected cumulative revenue; total over 12-year terms now $8.7B.
- Site modifications begin H2 2025, operational expected H2 2026.
- CoreWeave funds capital; ~$180M capex credits at ≤50% of monthly fees until repaid.
- Total contracted HPC with CoreWeave expands to ~500 MW across six Core Scientific sites.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839341/000162828024043341/0001628280-24-043341-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839341/000162828024043341/core-20241022.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-043341

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