Core Scientific, Inc./tx — Form 8-K
Filed July 28, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
Core Scientific announced a partnership with AMD supporting up to 2.5 GW of leasable capacity, anchored by 15-year agreements for approximately 530 MW across five sites with over $14 billion in potential base contracted revenue. The company increased total leased customer power to 1.1 GW (~$24B contracted revenue) and is billing 437 MW as of mid-July (~$635M annualized colocation revenue). Q2 2026 colocation revenue grew to $136.7M from $77.5M in Q1 2026 and $10.6M in Q2 2025.
Why this rating
AMD deal anchors ~$14B contracted revenue (~33% of company's $4.3B market cap), accelerates colocation growth trajectory. Major counterparty lock-in with 12-year terms, 80-85% margins. Meaningful but execution risk on capex ($11-12M/MW) and power delivery timelines remain.
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