Core Scientific Announces It Secured A High-Performance Computing Hosting Contracts With CoreWeave For 270MW Of Infrastructure, Representing Total Revenue Opportunity ~$4.7B Over 12-Year Term; Earned 430 Self-Mined Bitcoin For A Total Of 4,506 Bitcoin YTD And 1,680 In Q2
Portfolio Pulse from Benzinga Newsdesk
Core Scientific (NASDAQ: CORZ) has secured high-performance computing hosting contracts with CoreWeave for 270MW of infrastructure, representing a total revenue opportunity of $4.7 billion over 12 years. The company earned 430 self-mined Bitcoin in June, totaling 4,506 Bitcoin year-to-date and 1,680 in Q2. Core Scientific also completed a 72MW expansion at its Denton, TX data center and began a project to complete 100MW of partially built infrastructure at its Pecos, TX data center.
July 05, 2024 | 3:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Core Scientific has secured a significant HPC hosting contract with CoreWeave, representing a $4.7 billion revenue opportunity over 12 years. The company also reported strong Bitcoin mining results and data center expansions.
The $4.7 billion revenue opportunity from the HPC hosting contracts is a significant positive development for Core Scientific, indicating strong future revenue streams. Additionally, the company's robust Bitcoin mining results and data center expansions further strengthen its operational capabilities and market position.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100