Core Scientific Announces Agreement to Host 75MW of ASIC Servers

October 23, 2022

Signed agreement to host 75MW of additional ASIC serversPrepayments will provide capital to fund required infrastructureCore Scientific, Inc. (NASDAQ: CORZ) (“Core Scientific” or “the Company”), a leader in high-performance blockchain data centers and software solutions, today announced that it has entered into a colocation agreement to increase its hosting business by 75MW. Core Scientific is one of the largest publicly traded blockchain data center providers and miners of digital assets in North America. (Graphic: Business Wire)The recently signed colocation agreement will generate approximately $50 million in annual revenue when the ASIC servers are fully deployed. Core Scientific operates data centers in Georgia, Kentucky, North Carolina, North Dakota and Texas, and expects to commence operations in Oklahoma in the second half of 2022. Accordingly, undue reliance should not be placed upon the forward-looking statements.

The source of this news is from Core Scientific