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
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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”