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What will be Core Scientific's total data center capacity utilization by mid-2025?
4
Resolution / Starting Odds
Less than 50% • 33%
50%-75% • 34%
More than 75% • 33%
Core Scientific's official announcements, industry reports
Story
Core Scientific Signs $3.5B Deal with CoreWeave, Receives $5.75/Share Acquisition Offer
Jun 4, 2024, 12:54 PM
Core Scientific, a Bitcoin mining company, has signed a 12-year, $3.5 billion partnership deal with Nvidia-backed cloud AI company CoreWeave. As part of the agreement, Core Scientific will provide 200 megawatts (MW) of data center space for high-powered computing operations and modify existing facilities for a launch in 2025. Core Scientific currently operates about 750MW of data centers used for Bitcoin mining, with an additional 500MW of expansion space. Additionally, CoreWeave has offered to acquire Core Scientific for $5.75 per share, an 18% premium to the previous day's closing price. The deal involves infrastructure for AI use cases and is seen as transformative for $CORZ.
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More than 50% for HPC • 33%
25% to 50% for HPC • 33%
Less than 25% for HPC • 34%
Less than 5% • 33%
5% to 10% • 33%
More than 10% • 34%
Less than $500 million • 25%
$500 million - $1 billion • 25%
$1 billion - $1.5 billion • 25%
More than $1.5 billion • 25%
Less than 5% • 25%
5% - 10% • 25%
10% - 20% • 25%
More than 20% • 25%
Less than $100 million • 33%
$100 million to $500 million • 33%
More than $500 million • 34%
Expands own capacity • 50%
Maintains current capacity • 50%
Top 3 • 33%
Top 5 • 33%
Outside Top 5 • 33%
