Core Scientific Expands HPC Hosting Capacity As CoreWeave Exercises Final Contract Option For Additional 120 MW, Bringing Total Contracted Infrastructure To 500 MW; Potential Revenue Boost To $8.7B Over 12 Years
Portfolio Pulse from Benzinga Newsdesk
Core Scientific has expanded its high-performance computing (HPC) hosting capacity as CoreWeave exercises its final contract option for an additional 120 MW. This brings the total contracted infrastructure to 500 MW, potentially boosting revenue to $8.7 billion over 12 years.
October 22, 2024 | 12:16 pm
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Core Scientific's expansion of HPC hosting capacity with CoreWeave's additional 120 MW contract option increases its total infrastructure to 500 MW. This expansion could potentially boost the company's revenue to $8.7 billion over the next 12 years.
The expansion of hosting capacity and the significant potential revenue increase are positive indicators for Core Scientific. The partnership with CoreWeave and the substantial infrastructure growth suggest a strong future revenue stream, likely leading to a positive short-term impact on CORZ's stock price.
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