Core Scientific (CORZ) said Tuesday that AI Hyperscaler, CoreWeave, has exercised its final option to contract for more infrastructure.
Building on previous 382 megawatts of infrastructure for high-performance computing hosting, the option exercise will position Core Scientific to provide a total of about 500 MW of IT load to CoreWeave by H2 2026, the company said.
The firm said it will upgrade one of its sites to provide about 120 incremental megawatts of IT load to host CoreWeave's NVIDIA graphics processing units. Site upgrades would start in H2 2025, with operational status expected in H2 2026.
The new 12-year hosting contract with CoreWeave is expected to bring in about $2.0 billion in additional revenue over its term, adding to the $6.7 billion from previous contracts with CoreWeave, for a total of $8.7 billion, the company said.
The stock was up more than 5% in recent trading.
Price: 13.65, Change: +0.82, Percent Change: +6.38
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。