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Core Scientific has announced an expansion of its partnership with CoreWeave, resulting in an additional $1.2 billion in contracted revenue. The new agreement will provide 70 megawatts (MW) of additional contracted power at Core Scientific's Denton, Texas location. This expansion is aimed at supporting artificial intelligence (AI) and high-performance computing (HPC) initiatives. Following the announcement, Core Scientific's stock experienced a surge, reflecting positive investor sentiment regarding the company's growth prospects in the AI sector.
Core Scientific's stock surged after $CORZ said it was planning a $1.2 billion expansion of a data center in Denton, Texas, with CoreWeave to support AI and HPC computing. by @Aoyon_A https://t.co/iNTBAkOevl
Core Scientific and CoreWeave Announce $1.2 Billion Expansion at Denton, TX Site https://t.co/Auz1fVSp3e https://t.co/o2XAj9VRXR
$CORZ Core Scientific Expands Partnership With CoreWeave For 70 MW Of Additional Contracted Power At Denton Site; Says New Agreement Brings Additional $1.2B In Contracted Revenue Across Denton Location