HawkInsight

  • Contact Us
  • App
  • English

Core Scientific Signs New Escrow Agreement With CoreWeave, Expects to Add $2 Billion in Additional Revenue

Bitcoin miner Core Scientific (CORZ) has announced that it has signed a high-performance computing (HPC) contract with CoreWeave, after the miner said it will provide CoreWeave with a GPU hosting infrastructure worth 200MW, with the option to further increase capacity.。The two companies then expanded the deal by 70MW, making the new deal a third extension.。The mining company currently expects the new contract to add about $2 billion in additional revenue over the life of the contract, which begins in the first half of 2026, bringing total revenue to $6.7 billion.。Core Scientific shares surged 17% on Tuesday, outperforming other cryptocurrency-related stocks。

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More