Core Scientific Stock Surges 17% After CoreWeave Deal

- Bitcoin miner Core Scientific (CORZ) shares surged 17% after signing an expanded contract with CoreWeave.

- The company expects $6.7 billion in revenue from the contract, starting in the first half of 2026.

- The new contract will add $2 billion in revenue and includes the deployment of 112 megawatts of additional GPUs for CoreWeave.

- CoreWeave will cover all capital expenditures for preparing Core Scientific's infrastructure.

- The total capacity of the HPC infrastructure will be 382 megawatts.

- Core Scientific is considering further expansion of the contract.