CoreWeave 200 MW HPC hosting agreement - revenue structure
Company: Core Scientific
The claim, verbatim
200 megawatt HPC hosting agreement with CoreWeave generating $3.5 billion in total revenue over 12-year term, averaging $290 million per year
Source (primary)
Core Scientific, Inc. Investor and Analyst Event June 12, 2024 Transcript (IR page (investors.corescientific.com), earnings_call)
View cached copy (2026-09-01)Live source ↗
Quote: “These agreements represent about $3.5 billion in total revenue over the life of these contracts with an average of $290 million per year.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The CEO and CFO both state that the 200 MW CoreWeave deal represents about $3.5 billion over the 12-year term, averaging $290 million per year.
Confirmed in the source:
- Core Scientific has a 200 megawatt HPC hosting agreement with CoreWeave
- The CoreWeave agreements represent about $3.5 billion in total revenue over the 12-year term
- The CoreWeave agreements average about $290 million in revenue per year
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_eb9c314ac28438fbd39d12d91c4e5bdc/corescientific/db/1066/11128/pdf/June_2024_Investor_Day_Transcript_061224.pdf) in full (94,603 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific, Inc. Investor and Analyst Event June 12, 2024 Transcript
Quote: “These agreements represent about $3.5 billion in total revenue over the life of these contracts with an average of $290 million per year.”