Core Scientific expects about $1.8 billion in average annualized colocation GAAP revenue
CORZ•Core Scientific expects about $1.8 billion in average annual recurring GAAP revenue from more than $24 billion in contracted capacity, with projected annual net operating income of about $1.6 billion. It expects to deliver 530 MW leased to AMD and an AMD-backed neocloud by the end of 2028.
1. Revenue and delivery outlook
Core Scientific expects approximately $1.8 billion in average annual recurring GAAP revenue from more than $24 billion in contracted capacity and projects annual net operating income of approximately $1.6 billion, reflecting a 90% blended margin. CoreWeave contracts offer more than $10 billion in revenue potential, including approximately $850 million in average annualized colocation GAAP revenue, with anticipated profit margins of 80% to 85%. Full delivery of 530 MW leased to AMD and an AMD-backed neocloud is expected by the end of 2028.
