~$2.0B added projected cumulative revenue from new 12-year contract
Company: Core Scientific
The claim, verbatim
The new 12-year CoreWeave hosting contract is expected to add approximately $2.0 billion in projected cumulative revenue over its term, before capex credits.
Source (primary)
core-scientific 8-K exhibit (corescientifichpcoption3re.htm) (SEC EDGAR (8-K Ex), press_release)
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Quote: “The new contract with CoreWeave is expected to add approximately $2.0 billion in projected additional cumulative revenue over the hosting contract's 12-year term”
How we checked this
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Additional evidence
confirms core-scientific 8-K exhibit (corescientifichpcoption3re.htm)
Quote: “The new contract with CoreWeave is expected to add approximately $2.0 billion in projected additional cumulative revenue over the hosting contract's 12-year term”