Core Scientific Inc ( (CORZ) ) has provided an update.
On February 26, 2025, Core Scientific, Inc. announced an agreement with CoreWeave, Inc. to expand its Denton, Texas facility by 70MW, bringing the total contracted HPC infrastructure to approximately 590MW across six sites. This $1.2 billion expansion solidifies Core Scientific’s position as a premier provider of application-specific data centers for HPC workloads, with a total contracted revenue of $10.2 billion over 12 years. The expansion aims to meet the growing demand for scalable, high-power data center solutions, particularly for NVIDIA GPU operations, and further positions Core Scientific as a leader in the high-performance compute data center space.
More about Core Scientific Inc
Core Scientific, Inc. is a leader in digital infrastructure for high-performance computing, operating dedicated, purpose-built facilities. The company provides digital infrastructure, software solutions, and services to third-party customers and employs a large fleet of computers for digital asset mining and hosting services for large bitcoin mining customers. Core Scientific is in the process of converting its data centers to support artificial intelligence-related workloads.
YTD Price Performance: -30.80%
Average Trading Volume: 11,146,288
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $2.8B
Learn more about CORZ stock on TipRanks’ Stock Analysis page.