Where did you find data about core weave and iren about 12 year deals or buyout? Isn't this with Corz?


Aime
My apologies for the confusion. You are correct that the 12-year deals and buyout offers are related to Core Scientific (CORZ) and not Iren. Core Scientific announced a series of 12-year contracts with CoreWeave in June, and CoreWeave also made an offer to acquire Core Scientific for $5.75 per share. These deals are significant for Core Scientific as they provide long-term contracted revenue and enhance its earnings power.
- Core Scientific's 12-Year Contracts with CoreWeave:
- Core Scientific entered into a series of 12-year contracts with CoreWeave for 200 MW of infrastructure1.
- The contracts are expected to generate more than $3.5 billion in revenue over their lifetime1.
- Core Scientific will modify 100 MW of its owned infrastructure to deliver approximately 70 MW to host CoreWeave's NVIDIA GPUs for HPC operations2.
- CoreWeave's Buyout Offer for Core Scientific:
- CoreWeave proposed a buyout offer for Core Scientific at $5.75 per share in cash3.
- The offer was made after the signing of the initial contracts, and Core Scientific's board rejected it, citing undervaluation3.
- Core Scientific's Strategic Importance for CoreWeave:
- Core Scientific's infrastructure is critical for CoreWeave's expansion into HPC and AI1.
- Core Scientific's high-powered digital infrastructure is well-suited to support CoreWeave's needs for computing power1.
- Financial Implications of the Deals:
- The 12-year contracts are expected to significantly enhance Core Scientific's revenue and earnings power12.
- The buyout offer reflects CoreWeave's confidence in Core Scientific's infrastructure and its strategic importance for CoreWeave's growth3.
In conclusion, the 12-year deals and buyout offers are related to Core Scientific (CORZ) and CoreWeave, not Iren (IREN). These deals are significant for Core Scientific as they provide long-term contracted revenue and strengthen its position in the AI and HPC markets.
Source:
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Core Scientific Announces New Contract with CoreWeave ...
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