One of the largest publicly traded blockchain data center providers in North America, Core Scientific, released a colocation agreement with ASIC servers to increase its hosting business by 75MW.
This colocation agreement will generate a $50 million annual revenue once the ASIC servers are fully deployed. Additionally, the agreement will support prepayments of funds for the additional infrastructure required to hold over the 75MW.
Server deployment will commence in the third quarter of the year, with full deployment to be completed during 2022.
The company with addition of these units expects to be operating approximately 325,000 ASIC servers throughout their data centers by the year’s end.
Mike Levitt, the CEO of Core Scientific, stated, “This new agreement demonstrates continued customer confidence in Core Scientific’s ability to deliver best-in-class blockchain data center solutions. We remain focused on executing our 2022 plans to expand our capacity, support the Bitcoin Network’s continued growth and create value for all our stakeholders, despite current market challenges.”
The company would provide further details about their progress during their second quarter earnings conference call on 11th August, 2022.