---
title: "Core Scientifc - CW29 | 8-K: FY2025 Q4 Revenue: USD 79.76 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277519391.md"
datetime: "2026-03-02T21:16:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277519391.md)
  - [en](https://longbridge.com/en/news/277519391.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277519391.md)
generator: "portal-rs"
---

# Core Scientifc - CW29 | 8-K: FY2025 Q4 Revenue: USD 79.76 M

Revenue: As of FY2025 Q4, the actual value is USD 79.76 M.

EPS: As of FY2025 Q4, the actual value is USD 0.42.

EBIT: As of FY2025 Q4, the actual value is USD 216.97 M.

### Financial and Operational Metrics

#### Market Capitalization

-   Core Scientific’s fully diluted market capitalization was $8.6 billion as of February 27, 2026, based on a stock price and fully diluted share count of approximately 506 million.

#### Power Capacity and Infrastructure

-   The company operates across 7 states.
-   Total leasable power pipeline is approximately 1.5 GW, with over $10 billion in contracted revenue across its footprint.
-   Current leased power capacity totals approximately 590 MW, including ~260 MW in Denton, TX, ~175 MW in Dalton, GA, ~70 MW in Muskogee, OK, ~65 MW in Marble, NC, and ~20 MW in Austin, TX.
-   Total announced leasable power capacity is over 800 MW.
-   Current leasable capacity at existing sites is ~520 MW.
-   The total leasable customer power pipeline is ~1.5 GW, not including ~590 MW of already contracted power.
-   Additionally, the company maintains ~700 MW of unannounced leasable customer power opportunities in active, targeted load studies across multiple markets.
-   Core Scientific energized as many MWs as the rest of its publicly traded peers combined in 2025.
-   The total leasable power pipeline, including load studies, is ~2.2 GW.
-   The expansion into Hunt County, Texas, adds ~285 MW of customer leasable capacity, bringing the Texas footprint to ~485 MW in leasable power capacity, which also includes 200 MWs of leasable customer power at Pecos, Texas.
-   The Hunt County site involves the acquisition of an LLC owning ~265 acres, with ~430 MW of gross capacity and ~285 MW of leasable customer power capacity.

#### Construction and Delivery

-   Billable capacity delivered to date is 185+ MW.
-   Energized capacity to date is ~350 MW.
-   Over 1 million sq ft of data center shells have been constructed.
-   Total aggregate project investments exceed $5 billion.
-   More than 65,000 customer GPUs are supported.
-   Total labor hours through construction amount to approximately 5 million.
-   Five AI factories supporting ~590 MW contracted commitment have broken ground.

#### CoreWeave Contract Details

-   CoreWeave is contracted for ~590 MW of leased customer power capacity across 5 sites.
-   The contract is a 12-year agreement (with Austin, Texas, being 7 years) with two 5-year options, representing over $10 billion in revenue potential and an estimated ~$850 million average annual run rate revenue.
-   The contract is take-or-pay at a fixed cost with an annual escalator, and the client pays for capital expenditures, power, and utilities.
-   Anticipated profit margin for this contract ranges from 75% to 80%.
-   CoreWeave funds up to $1.5 million per MW (or approximately $750 million) of data center build-out costs, credited against hosting payments at no more than 50% of monthly fees until fully repaid.
-   For an additional 70 MW expansion, Core Scientific is responsible for funding $104 million of capital expenditures ($1.5M per MW) for the powered core and shell, with no capital expenditure credit.

#### Accounting Error Restatement

-   An accounting error related to the treatment of certain Property, Plant and Equipment (PP&E) associated with legacy mining-to-colocation site conversions going back to 2024 was identified and corrected.
-   This correction is limited to a classification error and does not affect the company’s cash position, operations, go-forward economics, Adjusted EBITDA, reported revenue for any period, or net cash flow.

### Outlook / Guidance

-   By the end of 2028, Core Scientific expects its entire portfolio to be dedicated to colocation services supporting AI-related workloads and next-generation colocation.
-   The company plans to begin energization of the Hunt County, Texas site in 2027, ramping to full power by 2029.
-   Core Scientific is also evaluating various financing options and is confident in signing a new colocation customer soon.

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- [CORZZ.US](https://longbridge.com/en/quote/CORZZ.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**