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
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 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.”