CoreWeave 200MW HPC hosting agreement
Company: Core Scientific
The claim, verbatim
200 megawatt HPC hosting deal with CoreWeave representing $3.5 billion in total revenue over the life of the contracts with average annual revenue of $290 million, 75-80% profit margins over 12-year term with two 5-year renewal options.
Source (primary)
Core Scientific, Inc. Investor and Analyst Event June 12, 2024 Transcript (IR page (investors.corescientific.com), earnings_call)
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Quote: “These agreements represent about $3.5 billion in total revenue over the life of these contracts with an average of $290 million per year. We're anticipating a profit margin between 75 percent to 80 percent for these agreements, and that's over a 12-year term, while CoreWeave has two 5-year renewal options on top of those 12 years.”
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Additional evidence
confirms Core Scientific, Inc. Investor and Analyst Event June 12, 2024 Transcript
Quote: “These agreements represent about $3.5 billion in total revenue over the life of these contracts with an average of $290 million per year. We're anticipating a profit margin between 75 percent to 80 percent for these agreements, and that's over a 12-year term, while CoreWeave has two 5-year renewal options on top of those 12 years.”