CoreWeave HPC hosting agreement
Company: Core Scientific
The claim, verbatim
Company has 12-year contract with CoreWeave for approximately 590 MW of HPC infrastructure hosting with over $10 billion in revenue potential and anticipated 75-80% profit margins at approximately $850 million average annual revenue run rate
Source (primary)
Fourth Quarter Fiscal Year 2024 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “~590 MW HPC infrastructure (~800 MW gross)... Over $10 billion In revenue potential over contracts' term... ~$850 million avg. annual run rate revenue... 75% to 80% anticipated profit margin... 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 CoreWeave transaction summary slide states each of these figures. A footnote says the Austin, Texas contract is an exception with a 7-year term.
Confirmed in the source:
- The CoreWeave contracts cover about 590 MW of HPC infrastructure
- The contracts carry over $10 billion in revenue potential over their term
- The average annual run-rate revenue is about $850 million
- The anticipated profit margin is 75% to 80%
- The contracts have 12-year terms with two 5-year options
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_eb9c314ac28438fbd39d12d91c4e5bdc/corescientific/db/1066/11132/pdf/CORZ_Earnings_Presentation_Q4_2024.pdf) in full (26,814 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Fourth Quarter Fiscal Year 2024 Earnings Presentation
Quote: “~590 MW HPC infrastructure (~800 MW gross)... Over $10 billion In revenue potential over contracts' term... ~$850 million avg. annual run rate revenue... 75% to 80% anticipated profit margin... 12-year contracts with two 5-year options”