# Who are Core Scientific's customers? Who does Core Scientific earn revenue from?
Canonical: https://valuechain.wiki/core-scientific · Facet: customers · Updated: 2026-07-12T08:23:11.659954+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Core Scientific's confirmed revenue counterparties include CoreWeave plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 2 revenue edges, backed by 9 dated sources, 5 of them primary filings (as of 2026-07-12).

### CoreWeave (high)  → /coreweave.md
- metric: contract $8.7B · 12년 HPC 콜로 · 12-year $8.7B HPC hosting contract; survives the terminated CoreWeave merger
- note: A 12-year hosting contract supplying CoreWeave ~590MW (6 sites) of infrastructure, locking in ~$10.2bn of contracted revenue — the relationship provides the power, sites and cooling for CoreWeave's GPUs. Separately, CoreWeave's July 2025 all-stock $9bn acquisition offer was rejected by Core Scientific shareholders (Two Seas Capital, ISS) and terminated on Oct 30, 2025, but this hosting contract remains intact (the companies continue to collaborate).
- [mentions] Roth·consensus (via MarketBeat) (EN, research, published 2026-05-01) https://www.marketbeat.com/stocks/NASDAQ/CORZ/forecast/: "Roth Buy $23.50; consensus Moderate Buy ~$20.67 — standalone AI-datacenter story after the failed CoreWeave takeover."
- [confirms] Edaily (KO, news, published 2026-03-03) https://edaily.co.kr/News/Read?mediaCodeNo=257&newsId=05707206645379712: "코어사이언티픽, 연초 비트코인 처분…채굴→AI데이터센터 속도"
- [confirms] Core Scientific (SEC EDGAR) (EN, filing, published 2026-03-02) https://www.sec.gov/Archives/edgar/data/1839341/000162828026013305/core-20251231.htm: "The CoreWeave merger was terminated on Oct 30, 2025; Core Scientific retains the 12-year, $8.7B+ HPC colocation contract with CoreWeave."
- [confirms] SEC annual report (EN, filing, published 2026-03-01) https://www.sec.gov/Archives/edgar/data/1839341/000119312526134881/d118783dars.pdf: "FY2025 revenue $319M (-38%, mining down, AI transition)"
- [confirms] CNBC (EN, news, published 2025-10-30) https://www.cnbc.com/2025/10/30/core-scientific-shareholders-reject-9-billion-coreweave-offer-deal-terminated.html: "CoreWeave's $9B acquisition rejected/terminated (Oct 30, 2025); hosting contract continues"
- [confirms] Core Scientific (EN, filing, published 2025-06-01) https://investors.corescientific.com/news-events/press-releases/detail/74/core-scientific-to-provide-approximately-200-mw-of-infrastructure-to-host-coreweaves-high-performance-computing-services-capturing-significant-ai-compute-opportunity: "12-year hosting of 590MW infrastructure for CoreWeave ($10.2B)."
- [confirms] CoinDesk (EN, news, published 2025-02-26) https://www.coindesk.com/business/2025/02/26/core-scientific-stock-surges-after-usd1-2b-expansion-of-data-center-with-coreweave: "12-year hosting of 590MW infrastructure for CoreWeave ($10.2B)."
- [confirms] SEC EDGAR (Core Scientific 8-K) (EN, filing, published 2025-02-26) https://www.sec.gov/Archives/edgar/data/1839341/000162828025008312/ex991-coreweavepressrelease.htm: "Core Scientific and CoreWeave Announce $1.2 Billion Expansion at Denton, TX"

### HPC 호스팅·콜로 (비공개) (mid)
- note: HPC hosting and colocation revenue ($10.6M/qtr).
- [confirms] SEC EDGAR (EN, filing, published 2025-08-01) https://www.sec.gov/Archives/edgar/data/0001839341/000162828025039283/q22025corescientificinc-ea.htm: "HPC hosting and colocation revenue ($10.6M/qtr)."

Reverse side: https://valuechain.wiki/core-scientific/suppliers.md · Ripple: https://valuechain.wiki/core-scientific/ripple.md

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