Core Scientific and Coreweave announces the expansion of $ 1.2 billion in Denton, TX Site – Cryptomode

The total HPC infrastructure is expanded by Coreave to about 590 MW of critical information technology downloading in six basic scientific sites

The new agreement enhances the total expected revenue to $ 10.2 billion over 12 years of contract terms

Austin, Texas – (Zionis Sakl) –Corses $–Core Scientific, Inc. (NASDAQ: Corz) (“Core Scientific” or “Company”), a leading company in high -performance digital computing infrastructure (HPC) widely, announced today the expansion of its relationship with Coreove, which is the UK AI. The new agreement brings $ 1.2 billion of contracted revenue via the Core Scientific website, which enhances the Core Scientific mode as a major provider of the application centers for the application of HPC work.

70 megawatts of the contracted energy on the Denton website from downloading full critical information technology to about 260 megawatts. The agreement increases from the total HPC structure with Coreweave with Core Scientific to about 590 MW via six sites. We believe that this addition is in line with the increasing need for Coreweave for strong and high -density infrastructure to support NVIDIA GPU.

“We are pleased to deepen our relationship with Coreave as we continue to develop large -scale HPC projects that Power Power AI and other low -construction work burdens,” said Adam Sullivan, CEO of Core Scientific. “By expanding our ability in Denton, we build one of the largest GPU giants in North America-which enhances the Core Scientific driving in providing high-density and high-performance digital infrastructure. We look forward to providing more value to both our customers and shareholders.”

This last announcement is placed Core Scientific as a leader in the space of high -performance account data center. The company is actively looking for additional sites to expand its ability to host HPC. With more than $ 10 billion of potential cumulative revenue with Coreave, we believe that Core Scientific is in a strategic position to take advantage of the increasing demand for energy -energy databases.

Under the terms of our agreement with Coreweave in relation to this 70 MW, Core Scientific is responsible for financing $ 104 million in additional required Capex ($ 1.5 million per megatons), with Coreweave responsible for the additional Capex associated with expansion. The company also maintains an additional two -year renovation option.

Thanks to 1.3 GB of the contracted energy, the basic scientific plans to provide a total of about 900 megawatts of the total HPC hosting to support alternative work burdens, based on the geographical proximity to cities and main fiber lines. 400 megawatts of the contracted energy is currently assigned to support the company’s bitcoin mining business.

About the basic scientific

Core Scientific is a leading high -performance digital infrastructure. The company runs dedicated and designed facilities for this purpose and is a major provider of digital infrastructure, software solutions and services for our third -party customers. We use our large fleet of computers (“mines”) to earn digital assets for our own account and provide hosting services for adult bitcoin mining customers and we are in the process of customizing and transferring a large part of the nine operating data centers (1), North Dakota (1), and TVela (3). In Oklahoma to support the work burdens related to artificial intelligence under a series of contracts that require amendment of some of our data centers to provide hosting high -performance computing services (“HPC”). To find out more, please visit www.coresientific.com.

Topical data

This press statement includes “aspiration data” in the meaning of the 1995 litigant litigation reform law. Informed data can be determined by using words such as “AIM”, “Estimation”, “Plan”, “Project”, “Expendse”, “Tove”, “TAILD”, “TAILD”, “TAILD”, “TAILD”, “Tove”, “TOVE”, “Tove”, “EQUIP”, “. Expressions that predict or indicate future events or trends or are not data on historical matters. These phrases include, but not limited to, data related to potential benefits or expectations related to the strategic relationship, agreements and transactions parked with Coreave, effects on the company’s revenues, financial operating results and other results, completion and timing of events related to some, company expectations, and expectations. The actual results of the company may differ materially from those expected in these aspiration data as a result of some risks and other factors, which can include, but not limited to, the unexpected difficulties or expenses related to the strategic relationship, agreements and transactions stalled with Coreave; The possibility of expected revenues, other operational benefits of the strategic relationship, the expected agreements and transactions and additional opportunities are not expected or at all; Current plans and operations resulting from advertising and implementing the strategic relationship, agreements and elaborate transactions; Transforming the attention of management from continuous commercial operations and opportunities; Possible negative reactions or changes to trade or organizational relations or employees, including those resulting from advertising or implementing the strategic relationship, agreements and suspended transactions; Unexpected risks or embodiment of risks that are greater than expected; Lack of expected energy or negative physical changes in the terms related to available energy; Any event, change, or any other circumstance can lead to the termination of contracts with Coreave; Delay in the required approvals; Government incentives are available; Legal procedures, judgments, or settlements regarding the strategic relationship, agreements and suspended transactions, as well as other risk factors stipulated in the company’s annual report on the 10-k model and the quarterly reports in the 10-e deposited form to the Securities and Stock Exchange Committee.

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