Bitcoin miner Core Scientific expects to generate roughly $8.7 billion in revenue over the next 12 years, following an expansion of its hosting agreement with CoreWeave, according to an Oct. 22 statement.
The company confirmed that CoreWeave exercised its final option to secure an additional 120 megawatts (MW) of hosting capacity for its High-Performance Computing (HPC) operations.
The contract extension is expected to contribute $2 billion in additional revenue over its 12-year term, supplementing the $6.7 billion already projected from earlier contracts with CoreWeave. In total, Core Scientific anticipates $8.7 billion in cumulative revenue from the agreement.
The Bitcoin mining firm plans to modify its infrastructure in the second half of 2025 to accommodate the additional 120 MW of “critical IT load” required to host CoreWeave’s NVIDIA Graphics Processing Units (GPUs). Critical IT load encompasses the power for servers, storage, communication switches, and other essential systems, excluding ancillary equipment like air conditioning and cooling systems.
CoreWeave will cover the $180 million capital investment needed for these upgrades, which will be credited against hosting fees. The contract also allows for two potential five-year renewal periods.
Once completed, operations are expected to begin in the second half of 2026. At that time, Core Scientific will be providing 500 MW of HPC infrastructure to CoreWeave, which would solidify its position as one of the largest publicly traded data center operators in the United States.
Core Scientific CEO Adam Sullivan highlighted the partnership’s significance, stating that the move aligns with the company’s strategy to allocate 500 MW of critical IT load to support high-performance computing. He stated:
“There is significant demand for infrastructure to support next-generation compute workloads. Our contracts with CoreWeave represent the foundation for Core Scientific’s evolution into a leading data center business ideally positioned to meet that demand.”
Sullivan also revealed that the miner is working to expand power capacity at its existing data centers and is evaluating new sites to grow its HPC hosting capabilities.
Following the announcement, Core Scientific’s stock (CORZ) surged 5.1% to $13.48, according to Yahoo Finance data.
Hey just wanted to give you a quick heads up and let you know a few of the pictures aren’t loading correctly. I’m not sure why but I think its a linking issue. I’ve tried it in two different web browsers and both show the same outcome.
I think you have mentioned some very interesting details , regards for the post.
Great write-up, I’m normal visitor of one’s blog, maintain up the nice operate, and It’s going to be a regular visitor for a lengthy time.
Some truly great information, Glad I discovered this. “Now hatred is by far the longest pleasure men love in haste but they detest at leisure.” by George Gordon Byron.
clomiphene tablets price in pakistan clomid without insurance generic clomiphene walmart can i purchase generic clomid pills can i purchase generic clomiphene prices can you buy clomid without rx generic clomiphene pill
The thoroughness in this section is noteworthy.
buy azithromycin 250mg online – order zithromax 500mg pills flagyl for sale
where to buy domperidone without a prescription – cost sumycin cyclobenzaprine 15mg without prescription
inderal 10mg us – clopidogrel 150mg uk methotrexate 2.5mg over the counter
buy generic amoxil over the counter – amoxil pills order combivent without prescription
Hello, i read your blog occasionally and i own a similar one and i was just curious if you get a lot of spam comments? If so how do you reduce it, any plugin or anything you can recommend? I get so much lately it’s driving me insane so any support is very much appreciated.
brand augmentin 625mg – atbioinfo.com acillin pill
buy nexium generic – https://anexamate.com/ buy nexium 40mg pill
order coumadin for sale – https://coumamide.com/ buy cozaar 25mg generic
buy mobic 7.5mg online cheap – swelling mobic 15mg us
It¦s actually a great and useful piece of info. I am happy that you shared this useful information with us. Please keep us up to date like this. Thank you for sharing.
pills for ed – fastedtotake red ed pill
amoxil tablet – https://combamoxi.com/ buy amoxicillin tablets
fluconazole 100mg us – order diflucan 200mg without prescription order diflucan 200mg pill
cenforce pill – fast cenforce rs cenforce 50mg over the counter