CoreWeave contract terms
Company: Core Scientific
The claim, verbatim
CoreWeave contract is a 12-year agreement with two 5-year options, structured as a take-or-pay contract at fixed cost with annual escalator
Source (primary)
Second 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 contract with two 5-year options...Take-or-pay contract at a fixed cost, with annual escalator”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The CoreWeave Contract Summary slide lists a 12-year contract with two 5-year options and a take-or-pay contract at fixed cost with an annual escalator; a footnote notes the Austin, TX contract term is 7 years.
Confirmed in the source:
- The CoreWeave contract is a 12-year agreement
- The CoreWeave contract includes two 5-year options
- The CoreWeave contract is take-or-pay
- The CoreWeave contract is at a fixed cost
- The CoreWeave contract includes an annual escalator
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_eb9c314ac28438fbd39d12d91c4e5bdc/corescientific/db/1066/11282/pdf/Q2+FY26+earnings+deck+7.28+AM.pdf) in full (12,585 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Second Quarter Fiscal Year 2026 Earnings Presentation
Quote: “12-year contract with two 5-year options...Take-or-pay contract at a fixed cost, with annual escalator”