CoreWeave 12-year colocation contract
Company: Core Scientific
The claim, verbatim
12-year colocation contract with CoreWeave for approximately 590 megawatts of customer infrastructure capacity, with $10 billion or more in total revenue potential and approximately $850 million in average annualized revenue
Source (primary)
First Quarter Fiscal Year 2026 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “12-year, $10B+ CoreWeave contract, ~$850M average annualized colocation GAAP revenue”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The contract summary lists a 12-year term, about 590 MW of infrastructure, $10B+ in revenue potential and about $850M in average annualized colocation GAAP revenue. A footnote says the Austin portion runs 7 years.
Confirmed in the source:
- The CoreWeave colocation contract has a 12-year term
- The contract covers approximately 590 MW of infrastructure capacity
- The contract carries $10 billion or more in revenue potential over its term
- The contract's average annualized colocation GAAP revenue is approximately $850 million
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_eb9c314ac28438fbd39d12d91c4e5bdc/corescientific/db/1066/11271/pdf/Q1+FY26+earnings+deck.pdf) in full (14,811 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms First Quarter Fiscal Year 2026 Earnings Presentation
Quote: “12-year, $10B+ CoreWeave contract, ~$850M average annualized colocation GAAP revenue”