Compute · the Ledger · Site lease
Core Scientific signs 12-year contracts to host ~200 MW of CoreWeave HPC infrastructure
Signed · announced 3 Jun 2024 · the week to 7 Jun 2024
- Size
- $3.5B
- Power
- 200 MW
- Term
- 12 years
More than $3.5B cumulative revenue over the initial 12-year terms (~$290M average annual revenue), per Core Scientific.
The parties
- Core Scientificcompany pageLandlord
- CoreWeavecompany pageTenant
The source
Core Scientific press release, 2024-06-03Company press release
CoreWeave later exercised options for 70 MW (2024-06-25), 112 MW (2024-08-06) and a final 120 MW (2024-10-22), per Core Scientific's 2024 10-K. A 16 MW Austin contract preceded it (March 2024).
The same parties, other deals
- AMD leases 377 MW from Core Scientific for 15 years and backs 152 MW of neocloud leases, with rights to ~1.9 GW moreundisclosed · 28 Jul 2026
- Jane Street commits ~$6B to CoreWeave's AI cloud and buys $1B of CoreWeave stock at $109.00$6B · 15 Apr 2026
- Meta signs a new CoreWeave order form; Meta's initial commitment is ~$21B through December 20, 2032$21B · 9 Apr 2026
- CoreWeave closes $8.5B DDTL 4.0, rated A3/A (low), to finance GPU servers for a customer contract$8.5B · 31 Mar 2026
- Nvidia buys $2B of CoreWeave Class A stock at $87.20 per share; companies sign a 5 GW buildout framework$2B · 26 Jan 2026
- Meta commits up to ~$14.2B through December 14, 2031 for CoreWeave cloud capacity$14.2B · 30 Sept 2025