CoreWeave 12-year power hosting agreement
Company: Core Scientific - Project: Austin Data Center (ASDC)
The claim, verbatim
Announced in June 2024 a 12-year agreement with CoreWeave to provide approximately 200 MW of high-performance computing infrastructure, estimated to generate more than $3.5 billion in potential cumulative revenue over the full term. CoreWeave would fund approximately $300 million in project capital expenditures, credited against future hosting fees.
Source (primary)
The Core Scientific Case: How Did a Bankrupt Bitcoin Miner Suddenly Strike It Rich? - Substack (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “In June 2024, Core Scientific announced a new 12-year agreement with CoreWeave to provide approximately 200 MW of high-performance computing infrastructure. The company estimated that the contract could generate more than $3.5 billion in potential cumulative revenue over its full term. Under the initial agreement, CoreWeave would fund approximately $300 million in project capital expenditures, which would be credited against future hosting fees.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
Every assertion in this claim appears verbatim in the source document.
Confirmed in the source:
- Core Scientific announced a 12-year agreement with CoreWeave in June 2024
- The agreement covered approximately 200 MW of high-performance computing infrastructure
- The contract was estimated to generate more than $3.5 billion in potential cumulative revenue over its full term
- CoreWeave would fund approximately $300 million in project capital expenditures credited against future hosting fees
What we did: Read our cached copy of the publisher (https://wublock.substack.com/p/the-core-scientific-case-how-did) in full (19,853 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms The Core Scientific Case: How Did a Bankrupt Bitcoin Miner Suddenly Strike It Rich? - Substack
Quote: “In June 2024, Core Scientific announced a new 12-year agreement with CoreWeave to provide approximately 200 MW of high-performance computing infrastructure. The company estimated that the contract could generate more than $3.5 billion in potential cumulative revenue over its full term. Under the initial agreement, CoreWeave would fund approximately $300 million in project capital expenditures, which would be credited against future hosting fees.”