- Core Scientific (NASDAQ:CORZ) said Tuesday it entered into a colocation deal to increase its hosting business by 75 MW.
- The deal will generate ~$50M in annual revenue when the ASIC servers are fully deployed.
- The deal provides for prepayments sufficient to fund additional infrastructure required to host the 75 MW.
- Server deployments will start Q3, with full deployment to be completed in 2022.
- CORZ expects to operate ~325K ASIC servers (combined self-mining and colocation) in its data centers before 2022-end.