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CoreWeave Exercises Additional 112 MW Hosting Contract Option with Core Scientific for HPC Infrastructure

Aug 06, 2024almost 2 years ago

Contract Type

contract

Austin

Description

Core Scientific announced that CoreWeave has exercised its option to contract for additional infrastructure for high-performance computing. Core Scientific will deliver approximately 112 MW of infrastructure to host CoreWeave’s NVIDIA GPUs, with site modifications expected to begin in the second half of 2024 and operational status anticipated in the first half of 2026. The new 12-year HPC hosting contract is expected to add approximately $2.0 billion in projected additional cumulative revenue.

Company Information

Company

Core Scientific

Location

2800 NORTHUP WAY

Austin, Texas, United States

About

Infrastructure to Power the World’s New Financial System | A leader in high-performance, blockchain infrastructure, and software solutions. $CORZ

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.