Future Hosting Revenue Commitments
Company: Core Scientific
The claim, verbatim
As of March 31, 2024, company has $58.3 million in performance obligations from existing hosting contracts with expected future revenue recognition, with approximately 89% expected over the next 12 months
Source (primary)
Core Scientific 10-Q filed 2024-05-09 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “As of March 31, 2024, for contracts with original terms that exceed one year (typically ranging from 15 to 24 months), we expect to recognize approximately $ 58.3 million of revenue in the future related to performance obligations associated with existing hosting contracts. The Company expects to recognize approximately 89 % of this amount over the next 12 months and the remainder thereafter.”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing's Hosting segment performance-obligations disclosure states both the $58.3 million figure and the 89% twelve-month share.
Confirmed in the source:
- As of March 31, 2024, the company expected to recognize approximately $58.3 million of future revenue from performance obligations under existing hosting contracts
- The company expected to recognize approximately 89% of that amount over the next 12 months
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000162828024021848/core-20240331.htm) in full (237,819 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 10-Q filed 2024-05-09
Quote: “As of March 31, 2024, for contracts with original terms that exceed one year (typically ranging from 15 to 24 months), we expect to recognize approximately $ 58.3 million of revenue in the future related to performance obligations associated with existing hosting contracts. The Company expects to recognize approximately 89 % of this amount over the next 12 months and the remainder thereafter.”