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Core Scientific’s AI deal fuels $8.7 billion revenue forecast, shares rise

  • Bitcoin miner Core Scientific expects to generate roughly $8.7 billion in revenue over the next 12 years.
  • CoreWeave secured an additional 120 MW of hosting capacity for its High-Performance Computing (HPC) operations.
  • The contract extension is expected to contribute $2 billion in additional revenue, making a total of $8.7 billion in cumulative revenue.
  • Core Scientific's stock (CORZ) surged 5.1% to $13.48 following the announcement.

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