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
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
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.”