Core Scientific Signs Contracts for 385MW of HPC Capacity, Expected to Generate Over $500 Million Annually

Core Scientific (CORZ) is making significant strides in the high-performance computing (HPC) industry. The company has signed contracts for a massive 385MW of HPC co-location capacity, a move expected to generate more than $500 million in annual revenue. This development positions Core Scientific as a key player in the integration of crypto mining with high-performance computing, a sector that continues to grow rapidly as demand for computing power increases across industries.

The strategic focus on HPC will diversify Core Scientific’s revenue streams beyond its traditional Bitcoin mining operations. With the growing complexity and demand for computational power from sectors such as AI, machine learning, and data analytics, the company is poised to benefit significantly from long-term contracts with predictable revenue. By 2025, Core Scientific aims to have its 100MW+ HPC site operational, which will further strengthen its market position and enable it to capitalize on the booming demand for HPC services.