CoreWeave 12-Year Colocation Contract
Company: Core Scientific
The claim, verbatim
12-year contract with CoreWeave for approximately 590 MW of leased customer power capacity with $10 billion in total revenue potential, approximately $850 million average annualized GAAP revenue, and 80-85% anticipated profit margins
Source (primary)
First Quarter Fiscal Year 2026 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-09-26)Live source ↗Archive.org ↗
Quote: “12-year, $10B+ CoreWeave contract, ~$850M average annualized colocation GAAP revenue ... 80% to 85% anticipated profit margin”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The deck's Contract Summary states every figure in the claim. Its footnotes add that the Austin, TX portion runs only 7 years.
Confirmed in the source:
- The CoreWeave contract has a 12-year term
- CoreWeave is contracted for approximately 590 MW of leased customer power capacity
- The contract carries $10B+ in revenue potential over its term
- The contract carries approximately $850 million in average annualized colocation GAAP revenue
- The contract carries an anticipated profit margin of 80% to 85%
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_fda3a1f2f1890adaa7ac6c4d9d310971/corescientific/db/1066/11271/pdf/Q1+FY26+earnings+deck.pdf) in full (14,811 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms First Quarter Fiscal Year 2026 Earnings Presentation
Quote: “12-year, $10B+ CoreWeave contract, ~$850M average annualized colocation GAAP revenue ... 80% to 85% anticipated profit margin”