Situational Awareness portfolio values Core Scientific at $389,086,756, citing its AI data center capacity and CoreWeave contract.
Core Scientific (NASDAQ:CORZ), a former Bitcoin miner, is transitioning to AI infrastructure, securing its position as a key player in Situational Awareness’s portfolio. The firm’s $389,086,756 stake reflects its grid-connected power capacity and ability to deliver data center services rapidly, aligning with hyperscaler demand timelines of 12-14 months.
The company’s primary customer, CoreWeave, has contracted 590 MW of capacity, with 243 MW already operational, generating over $350 million in annualized revenue. Core Scientific projects $850 million in average annual run-rate revenue from the CoreWeave deal over 12 years, with gross margins of 75% to 80%.
Core Scientific’s assets are positioned to meet immediate AI infrastructure needs, leveraging existing power and cooling capabilities to attract high-demand clients.