CoreWeave 590 MW contract
Company: Core Scientific
The claim, verbatim
CoreWeave agreement in June 2024 with initial 200 MW deal expanded to roughly 590 MW, carrying potential cumulative value of $10.2 billion over 12-year terms
Source (primary)
Core Scientific’s $24B AI Contracts Don’t Settle The Leverage Debate - BlockchainReporter (-, news_article)
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Quote: “The CoreWeave agreement in June 2024 changed how investors valued the company. Hash rate and Bitcoin holdings stopped being the primary lens. The market began tracking contracted megawatts, billable capacity, and delivery timelines. The initial 200 MW deal was expanded repeatedly to roughly 590 MW, carrying a potential cumulative value of about $10.2 billion over 12-year terms.”
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Additional evidence
confirms Core Scientific’s $24B AI Contracts Don’t Settle The Leverage Debate - BlockchainReporter
Quote: “The CoreWeave agreement in June 2024 changed how investors valued the company. Hash rate and Bitcoin holdings stopped being the primary lens. The market began tracking contracted megawatts, billable capacity, and delivery timelines. The initial 200 MW deal was expanded repeatedly to roughly 590 MW, carrying a potential cumulative value of about $10.2 billion over 12-year terms.”