700 MW reallocation to HPC
Company: Core Scientific
The claim, verbatim
Core Scientific aims to provide 700 MW for HPC: 500 MW of hosted GPU power plus about 200 MW of support infrastructure. About 500 MW of the existing portfolio would remain for bitcoin mining.
Source (primary)
Core Scientific, Inc. Investor and Analyst Event June 12, 2024 Transcript (IR page (investors.corescientific.com), earnings_call)
View cached copy (2026-10-16)Live source ↗Archive.org ↗
Quote: “we aim to provide 700 megawatts for HPC, of which 500 megawatts will be for the hosted GPUs”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The CEO described the 700 MW HPC allocation as 500 MW of GPU power plus about 200 MW of support. He said this leaves about 500 MW for bitcoin mining.
Confirmed in the source:
- Core Scientific aims to provide 700 MW for HPC
- 500 MW of the HPC allocation is for hosted GPUs
- About 200 MW of the HPC allocation is support infrastructure
- About 500 MW of the existing portfolio would remain for bitcoin mining
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_b76ddaa46c59e7a64138659274ff5f32/corescientific/db/1066/11128/pdf/June_2024_Investor_Day_Transcript_061224.pdf) in full (94,603 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific, Inc. Investor and Analyst Event June 12, 2024 Transcript
Quote: “we aim to provide 700 megawatts for HPC, of which 500 megawatts will be for the hosted GPUs”