secwatch.observer — SEC 8-K summary
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Issuer:     Core Scientific, Inc./tx (CORZ)
CIK:        0001839341
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001628280-25-008312
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core Scientific expands CoreWeave deal by 70MW at Denton, TX; adds $1.2B in revenue
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- New 70MW expansion at Denton site brings total contracted HPC capacity with CoreWeave to ~590MW across six sites.
- Total contracted revenue with CoreWeave reaches $10.2B over 12-year terms, including $1.2B from this expansion.
- Core Scientific to fund $104M capex ($1.5M per MW) for powered core and shell; CoreWeave funds additional capex.
- Retains option for two additional five-year renewal terms; total contracted power now 1.3GW (900MW HPC, 400MW bitcoin mining).
- CEO cites building one of largest GPU supercomputers in North America for AI workloads.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839341/000162828025008312/0001628280-25-008312-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839341/000162828025008312/core-20250226.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-008312

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