CoreWeave 120 MW contract completes ~500 MW, $8.7B total
Company: Core Scientific
The claim, verbatim
A 120 MW CoreWeave HPC hosting contract completes the full ~500 MW critical IT load, with total revenue potential of $8.7 billion over the 12-year contracts.
Source (primary)
December 2024 Convertible Note Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-10-16)Live source ↗
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 17, 2026. The cited source supports every part of this claim.
The presentation states that the 120 MW CoreWeave contract completes the ~500 MW total, with $8.7 billion in revenue potential over 12-year contracts.
Confirmed in the source:
- CoreWeave signed a 120 MW HPC hosting contract
- That contract completes the full ~500 MW of critical IT load
- Total revenue potential is $8.7 billion over the 12-year contracts
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_b76ddaa46c59e7a64138659274ff5f32/corescientific/db/1066/11131/pdf/Core_Scientific_December_2024_Company_Presentation.pdf) in full (23,998 characters, retrieved October 16, 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”