CoreWeave contracts have 12-year term plus two 5-year option periods
Company: Core Scientific
The claim, verbatim
CoreWeave contracts structured with 12-year base term and two elective 5-year extension options
Source (primary)
First Quarter Fiscal Year 2025 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “12-year contracts with two 5-year options”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The transaction summary describes 12-year contracts with two 5-year options. A footnote notes that the Austin, Texas contract is an exception, with a 7-year term and elective extensions.
Confirmed in the source:
- The CoreWeave contracts have a 12-year term
- The CoreWeave contracts include two 5-year options
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_eb9c314ac28438fbd39d12d91c4e5bdc/corescientific/db/1066/11247/pdf/First+Quarter+Fiscal+Year+2025+Earnings+Presentation.pdf) in full (28,649 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms First Quarter Fiscal Year 2025 Earnings Presentation
Quote: “12-year contracts with two 5-year options”