High density colocation services
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Core Scientific (NasdaqGS:CORZ) Earnings Call Presentation
2025-10-30 15:30
Financial Highlights - The company has colocation contracts that deliver compelling economics and strong margins[5] - The company's 12-year contracts with CoreWeave provide over $10 Billion in total contract value and approximately $850 Million in average annual run rate revenue[5] - CoreWeave is funding up to $1.5 Million per MW (or approximately $750 Million) of data center build out costs, credited against hosting payments[11] - Core Scientific is responsible for funding $104 Million of capex for the 70 MW expansion[11] Infrastructure and Power Capacity - The company has approximately 1.4 GW of existing gross power capacity, enabling approximately 1 GW of client-billable power across 9 U S sites[6] - The company has approximately 2.3 GW in existing and future gross power allocations from utility partners[9] - The company has approximately 1.5 GW in existing and future billable power available for colocation contracts[9] - The company is progressing approximately 1 GW of incremental capacity through targeted paid load studies[10] - Total potential expansion opportunities in aggregate are approximately 3.3 GW of gross power and approximately 2.2 GW of billable power[10] CoreWeave Contract Details - The CoreWeave infrastructure requires approximately 590 MW of infrastructure (~800 MW gross)[11] - The anticipated profit margin for the CoreWeave contracts is 75% to 80%[11] - Approximately 120+ MW are energized across Denton & Marble sites[16]