Core Scientific shares are trading higher after the company announced that CoreWeave exercised an option to contract for approximately 112 MW of additional infrastructure, increasing the potential cumulative revenue to more than $6.7 billion over 12 years.
Portfolio Pulse from Benzinga Newsdesk
Core Scientific shares are trading higher after CoreWeave exercised an option to contract for approximately 112 MW of additional infrastructure, increasing potential cumulative revenue to more than $6.7 billion over 12 years.
August 06, 2024 | 3:35 pm
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Core Scientific shares are trading higher after CoreWeave exercised an option to contract for approximately 112 MW of additional infrastructure, increasing potential cumulative revenue to more than $6.7 billion over 12 years.
The announcement of CoreWeave exercising an option for additional infrastructure significantly boosts Core Scientific's potential revenue, leading to a positive market reaction and higher share prices.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100