Core Scientific announced that CoreWeave has exercised its option to contract for an additional 112MW of infrastructure for high-performance computing hosting. The new 12-year contract expands CoreWeave's total contracted HPC infrastructure to 382MW across five Core Scientific sites, with site modifications expected to begin in H2 2024 and operations starting in H1 2026.The latest agreement is projected to generate $2.0B in additional cumulative revenue over 12 years, bringing the total potential revenue from CoreWeave contracts to $6.7B. CoreWeave will fund all capital investments required for infrastructure modifications, and the agreement includes two optional 5-year renewal terms. CoreWeave retains an option for a further 118MW expansion.Core Scientific, with 1.2 gigawatts of contracted power, can deliver nearly 500MW of infrastructure for HPC hosting. The company is actively seeking additional sites to expand beyond its original 500MW capacity, positioning itself to become one of the largest publicly traded data center operators in the United States.

Core Scientific announced that CoreWeave has exercised its option to contract for an additional 112MW of infrastructure for high-performance computing hosting. The new 12-year contract expands CoreWeave's total contracted HPC infrastructure to 382MW across five Core Scientific sites, with site modifications expected to begin in H2 2024 and operations starting in H1 2026.The latest agreement is projected to generate $2.0B in additional cumulative revenue over 12 years, bringing the total potential revenue from CoreWeave contracts to $6.7B. CoreWeave will fund all capital investments required for infrastructure modifications, and the agreement includes two optional 5-year renewal terms. CoreWeave retains an option for a further 118MW expansion.Core Scientific, with 1.2 gigawatts of contracted power, can deliver nearly 500MW of infrastructure for HPC hosting. The company is actively seeking additional sites to expand beyond its original 500MW capacity, positioning itself to become one of the largest publicly traded data center operators in the United States.