CORZ · Core Scientific Inc Q2 FY2026 earnings call record财报电话会记录

“For further information on these risks and uncertainties, we encourage you to review the risk factors discussed in the company's reports on Form 10-Q and 8-K filed today with the Securities and Exchange Commission, and the press release and slide presentation contained therein.”

“Our agreement with CoreWeave began as a 16 MW lease at our Auburn campus in 2024 and has since expanded to 590 MW of total contracted capacity.”

“The initial agreement represents more than $14 billion of base contracted revenue across the 15-year agreements with 2.5% annual escalators.”

“With this announcement, we will have two customers that have each committed to over 500 MW each across five campuses.”

“The structure with AMD provides meaningful potential long-term revenue, durable contracted cash flows, greater customer diversification, and substantial utilization of our leasable campus portfolio.”

“AMD is building significant momentum in a rapidly expanding market as hyperscalers, AI labs, cloud providers, and enterprise customers increasingly adopt its advanced computing platforms, making it a highly attractive and strategic counterparty for Core Scientific.”

“We have remained disciplined in how we value our power, allocate our campuses, assess customer credit, and evaluate the risk-adjusted returns of each opportunity.”

“As we enter the next phase of our growth, we will complement that strategy by expanding our power portfolio through the selective acquisition of powered land and the development of new sites.”

“While we are not providing explicit SG&A guidance, we continue to view the low $30 million range as a reasonable quarterly baseline, with the potential for some variability as we make targeted investments to support growth.”

“At our current cost estimate of $11 million-$12 million per megawatt in CapEx, the initial 530 MW will require approximately $6 billion of capital, which we expect to finance through project-level bonds.”

“In terms of optimal megawatts per year, in terms of what we're looking at in 2028, we believe we could have a target of about 600 MW in 2028 based on current labor constraints and long-lead equipment constraints in the market.”

“I wanted to ask on the CapEx, as noted in the slide, estimating $11 million-$12 million per megawatt, also as implied by the $6 billion across the 530 MW.”