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)
View cached copy (2026-09-26)Live source ↗
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.”
How we checked this
Checked on September 28, 2026. The cited source supports every part of this claim.
CEO Adam Sullivan states every figure in the claim: 200 MW, about $3.5 billion total revenue, $290 million per year, a 75–80% margin, a 12-year term and two 5-year renewal options.
Confirmed in the source:
- The CoreWeave agreements cover 200 megawatts of HPC hosting infrastructure
- The agreements represent about $3.5 billion in total revenue over the life of the contracts
- Average revenue is about $290 million per year
- Anticipated profit margin is 75% to 80%
- The contract term is 12 years
- CoreWeave has two 5-year renewal options on top of the 12-year term
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_fda3a1f2f1890adaa7ac6c4d9d310971/corescientific/db/1066/11128/pdf/June_2024_Investor_Day_Transcript_061224.pdf) in full (94,603 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
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.”