CoreWeave contract ~590 MW, $10B+ revenue
Company: Core Scientific
The claim, verbatim
CoreWeave contract covers ~590 MW of infrastructure on 12-year terms with two 5-year options, with $10B+ revenue potential, ~$850M average annualized colocation GAAP revenue, and 80-85% anticipated profit margin.
Source (primary)
Second Quarter Fiscal Year 2026 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-10-16)Live source ↗Archive.org ↗
Quote: “~590MW infrastructure ~800MW gross 12-year contract with two 5-year options $10B+ in revenue potential over the contracts' term ~$850M average annualized colocation GAAP revenue 80% to 85% anticipated profit margin”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The CoreWeave contract summary slide states each of these figures. It also notes that the Austin, TX contract term is 7 years rather than 12.
Confirmed in the source:
- CoreWeave contract covers ~590 MW of infrastructure
- The contract is 12 years with two 5-year options
- The contract has $10B+ revenue potential over its term
- The contract carries ~$850M average annualized colocation GAAP revenue
- The contract has an 80% to 85% anticipated profit margin
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_b76ddaa46c59e7a64138659274ff5f32/corescientific/db/1066/11282/pdf/Q2+FY26+earnings+deck+7.28+AM.pdf) in full (12,585 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Second Quarter Fiscal Year 2026 Earnings Presentation
Quote: “~590MW infrastructure ~800MW gross 12-year contract with two 5-year options $10B+ in revenue potential over the contracts' term ~$850M average annualized colocation GAAP revenue 80% to 85% anticipated profit margin”