120 MW CoreWeave HPC hosting contract completing 500 MW critical IT load
Company: Core Scientific
The claim, verbatim
120 MW HPC hosting contract with CoreWeave completing ~500 MW critical IT load with total potential revenue of $8.7 billion over 12-year contracts
Source (primary)
December 2024 Convertible Note Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-09-26)Live source ↗Archive.org ↗
Quote: “CoreWeave 120 MW HPC hosting contract completes full ~500 MW critical IT load; total revenue potential of $8.7 billion over 12 year contracts”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The presentation states the 120 MW contract completed the ~500 MW total, with $8.7 billion potential revenue across all the 12-year contracts.
Confirmed in the source:
- Core Scientific signed a 120 MW HPC hosting contract with CoreWeave
- That contract completed approximately 500 MW of critical IT load contracted to CoreWeave
- Total revenue potential across the 12-year CoreWeave contracts is $8.7 billion
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_fda3a1f2f1890adaa7ac6c4d9d310971/corescientific/db/1066/11131/pdf/Core_Scientific_December_2024_Company_Presentation.pdf) in full (23,998 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms December 2024 Convertible Note Presentation
Quote: “CoreWeave 120 MW HPC hosting contract completes full ~500 MW critical IT load; total revenue potential of $8.7 billion over 12 year contracts”