Compute / the Ledger · 3 deals
Who is paying whom for compute.
Every deal dated, typed in plain words, and linked to the document it comes from.
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Deals with Core Scientific as a party. Core Scientific’s page · Show every party
| Announced | Deal | Parties | Type | Value | Terms | Source |
|---|---|---|---|---|---|---|
| 28 Jul 2026 | AMD leases 377 MW from Core Scientific for 15 years and backs 152 MW of neocloud leases, with rights to ~1.9 GW moreSignedAMD leases at Pecos TX, Muskogee OK and Hunt County TX; an unnamed neocloud leases 152 MW at Auburn AL and Dalton GA with AMD credit support (AMD may cure defaults). AMD holds a reservation right on 1,925 MW more through 2028-12-28 (up to 2.5 GW total) and receives market-priced Core Scientific warrants. Three five-year options. Accelerator as stated: AMD Instinct. | Site lease | undisclosedCore Scientific: more than $14B of potential base contracted revenue across ~530 MW at five sites. | 15 years · to 27 Jul 2041529 MW | Core Scientific 8-K, 2026-07-28Regulatory filing | |
| 7 Jul 2025 | CoreWeave agrees to acquire Core Scientific in an all-stock deal; Core Scientific holders vote it down and the merger is terminatedTerminatedWould have given CoreWeave ~1.3 GW of gross power (~840 MW supporting CoreWeave HPC contracts, ~500 MW crypto mining) and eliminated >$10B of future lease payments over 12 years. Core Scientific stockholders did not approve it at the 2025-10-30 special meeting; Core Scientific terminated the merger agreement that day (CoreWeave 8-K 2025-10-31). Core Scientific had rejected an earlier unsolicited CoreWeave proposal in June 2024. |
| Acquisition | $9BImplied total equity value of approximately $9.0B as of July 3, 2025 (0.1235 CRWV shares per CORZ share, fully diluted, CoreWeave 5-day VWAP). | 1,300 MW | CoreWeave 8-K Ex. 99.1, 2025-07-07Regulatory filing |
| 3 Jun 2024 | Core Scientific signs 12-year contracts to host ~200 MW of CoreWeave HPC infrastructureSignedCoreWeave 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). |
| Site lease | $3.5BMore than $3.5B cumulative revenue over the initial 12-year terms (~$290M average annual revenue), per Core Scientific. | 12 years200 MW | Core Scientific press release, 2024-06-03Company press release |
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