CoreWeave contracts >$10B revenue potential
Company: Core Scientific
The claim, verbatim
CoreWeave contracts covering ~590 MW HPC infrastructure (~800 MW gross) carry over $10 billion in revenue potential over 12-year terms, ~$850 million average annual run-rate revenue.
Source (primary)
Fourth Quarter Fiscal Year 2024 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-10-16)Live source ↗
Quote: “~590 MW HPC infrastructure (~800 MW gross) Over $10 billion In revenue potential over contracts' term ~$850 million avg. annual run rate revenue”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The CoreWeave transaction summary slide gives all of these figures. A footnote adds that the Austin, Texas contract runs 7 years rather than 12.
Confirmed in the source:
- The CoreWeave contracts cover ~590 MW of HPC infrastructure (~800 MW gross)
- The CoreWeave contracts carry over $10 billion in revenue potential over the contracts' term
- The CoreWeave contracts are 12-year contracts (the Austin, Texas contract is 7 years)
- The CoreWeave contracts carry ~$850 million in average annual run-rate revenue
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_b76ddaa46c59e7a64138659274ff5f32/corescientific/db/1066/11132/pdf/CORZ_Earnings_Presentation_Q4_2024.pdf) in full (26,814 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Fourth Quarter Fiscal Year 2024 Earnings Presentation
Quote: “~590 MW HPC infrastructure (~800 MW gross) Over $10 billion In revenue potential over contracts' term ~$850 million avg. annual run rate revenue”