Cottonwood COT1 lease term expiration
Company: Core Scientific - Project: Cottonwood
The claim, verbatim
Cottonwood COT1 initial lease term expires November 2031 with optional three 10-year extensions through November 2061
Source (primary)
Second Quarter Fiscal Year 2024 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗
Quote: “Initial term expires Nov 2031; optional three, 10-year extensions (through Nov 2061)”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The COT1 lease information on the Cottonwood slide states that the initial term expires in November 2031, with three optional 10-year extensions through November 2061.
Confirmed in the source:
- The initial term of the Cottonwood COT1 lease expires in November 2031
- The COT1 lease has three optional 10-year extensions running through November 2061
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_eb9c314ac28438fbd39d12d91c4e5bdc/corescientific/db/1066/11129/pdf/Core_Scientific_Q2_2024_Earnings_Presentation.pdf) in full (24,266 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Second Quarter Fiscal Year 2024 Earnings Presentation
Quote: “Initial term expires Nov 2031; optional three, 10-year extensions (through Nov 2061)”