Core Scientific ($CORZ), billing 485MW out of 1120MW contracted
Original headline코어사이언티픽($CORZ), 계약 1120MW 중 485MW 과금
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Core Scientific ($CORZ) disclosed in its November 5 SEC 10-Q filing that it had leased 1,120MW of data center power capacity as of September 30, but billing had begun on only 485MW of that total. The company reported third-quarter data center colocation revenue grew roughly 14.4x year-over-year. Core Scientific cautioned that equipment lead times, labor availability, permitting, grid interconnection queues, supply chain and logistics issues, and the pace of customer equipment installation can all delay the conversion of contracted power into billable revenue. The gap matters because it highlights the lag between signed power contracts and actual revenue recognition for bitcoin miners pivoting to AI and HPC hosting. Investors will be watching how quickly the remaining 635MW converts to billing as construction and customer deployments progress.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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Core Scientific, CORZ, Bitcoin (BTC), SEC
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