Pecos COT1 lease term expiration
Company: Core Scientific - Project: Cottonwood
The claim, verbatim
Initial lease term for Pecos COT1 expires November 2031 with three optional 10-year extensions available through November 2061
Source (primary)
Third Quarter Fiscal Year 2024 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-09-26)Live source ↗
Quote: “Initial term expires Nov 2031; optional three, 10-year extensions (through Nov 2061)”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The Pecos lease information for COT1 states exactly these terms.
Confirmed in the source:
- The Pecos COT1 initial lease term expires November 2031
- The Pecos COT1 lease has three optional 10-year extensions
- Those extensions run through November 2061
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_fda3a1f2f1890adaa7ac6c4d9d310971/corescientific/db/1066/11130/pdf/Core%2BScientific%2BQ3%2B2024%2BEarnings%2BPresentation.pdf) in full (24,743 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Third Quarter Fiscal Year 2024 Earnings Presentation
Quote: “Initial term expires Nov 2031; optional three, 10-year extensions (through Nov 2061)”