HPC infrastructure allocation plan
Company: Core Scientific
The claim, verbatim
Plan to allocate 700 megawatts for HPC: 500 MW for hosted GPUs, 200 MW for HPC support infrastructure; remaining 500 MW for bitcoin mining
Source (primary)
Core Scientific, Inc. Investor and Analyst Event June 12, 2024 Transcript (IR page (investors.corescientific.com), earnings_call)
View cached copy (2026-09-01)Live source ↗
Quote: “we aim to provide 700 megawatts for HPC, of which 500 megawatts will be for the hosted GPUs, so that's about 200 megawatts that are needed in order to support those facilities. This leaves about 500 megawatts of our existing portfolio for bitcoin mining.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The CEO lays out the 700 MW HPC plan (500 MW to GPUs, about 200 MW support) leaving about 500 MW for bitcoin mining, and the CFO repeats the split.
Confirmed in the source:
- Core Scientific aims to allocate 700 megawatts to HPC
- 500 megawatts of that is for hosted GPUs
- About 200 megawatts is for HPC support infrastructure
- About 500 megawatts of the existing portfolio is left for bitcoin mining
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_eb9c314ac28438fbd39d12d91c4e5bdc/corescientific/db/1066/11128/pdf/June_2024_Investor_Day_Transcript_061224.pdf) in full (94,603 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific, Inc. Investor and Analyst Event June 12, 2024 Transcript
Quote: “we aim to provide 700 megawatts for HPC, of which 500 megawatts will be for the hosted GPUs, so that's about 200 megawatts that are needed in order to support those facilities. This leaves about 500 megawatts of our existing portfolio for bitcoin mining.”