Core Scientific, a top player in North America’s digital infrastructure industry, has announced a strategic partnership involving a series of long-term contracts extending over 12 years with CoreWeave, an AI Hyperscaler.
Beyond the initial 12-year contracts, the agreement with CoreWeave also includes provisions for renewal terms and further expansion. These provisions position Core Scientific as a leading data center operator in the United States, with the potential to become one of the largest in the industry. This partnership is expected to broaden Core Scientific’s revenue sources and
In January, Core Scientific’s shares resumed trading on Nasdaq following its bankruptcy and restructuring. An influx of cash flow enabled Core Scientific to settle $19 million in debt associated with mechanics’ liens and begin completing 72 MW of infrastructure at its Denton, TX, data center. This is part of the company’s broader plan to add 372 MW, contributing to over 20 exahash of hash rate, as part of its growth strategy.
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