Core Scientific Announces CoreWeave Exercised Option To Contract For Approximately 112 MW Of Additional Infrastructure; Increases Potential Cumulative Revenue To More Than $6.7B Over 12 Years
Portfolio Pulse from Benzinga Newsdesk
Core Scientific announced that CoreWeave has exercised an option to contract for approximately 112 MW of additional infrastructure. This increases Core Scientific's potential cumulative revenue to more than $6.7 billion over 12 years.
August 06, 2024 | 12:13 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Core Scientific's potential cumulative revenue is set to increase to more than $6.7 billion over 12 years due to CoreWeave exercising an option for 112 MW of additional infrastructure.
The exercise of the option by CoreWeave for additional infrastructure directly increases Core Scientific's potential revenue, which is a positive indicator for the company's financial outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100