By Adriano Marchese
Core Scientific shares rose Thursday morning after the company said it has secured $1.2 billion in contracted revenue for providing power from its Denton, Texas site.
Shares traded 6.6% higher at $10.67, down from an earlier high of $11.87.
The digital infrastructure and computing company said late Wednesday that it has expanded its relationship with CoreWeave, an AI hyperscaler, for 70 megawatts of additional power at the Denton location.
The new agreement boosts total projected revenue to $10.2 billion over the span of the 12-year contract.
The additional power now increases the full critical IT load to about 260 megawatts at Denton, and increases CoreWeave's total contracted high-performance computing infrastructure with Core Scientific to about 590 megawatts across six sites.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
February 27, 2025 10:10 ET (15:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。