Core Scientific maintains a long-term colocation contract with CoreWeave covering approximately 590 megawatts of IT capacity

Overview Debates Related claims Topics Sources

Core Scientific established an agreement with AMD covering 530 megawatts of capacity across five campuses, with full delivery targeted by year-end 2028

Core Scientific recorded $215.4 million in colocation revenue for Q3 2026, a 60% sequential increase accounting for over 92% of its $232.9 million total quarterly revenue

Chief Financial Officer Jim Nygaard said Core Scientific will transition into a pure-play high-density colocation provider for high-performance computing and AI workloads starting in 2027

Gains by Democratic candidates in the 2026 U.S. midterm elections increased political scrutiny surrounding data-center expansion and regional electricity costs

Core Scientific was billing for 485 megawatts of colocation capacity as of September 30, 2026, generating over $700 million in annualized GAAP revenue

Riot Platforms signed a 20-year lease for 191 megawatts of IT capacity with an AI laboratory, projecting $9.1 billion in total contract revenue

Local opposition to data-center developments stems from concerns over rising household electricity bills and resource demands on local electrical grids

HIVE Digital began winding down Bitcoin mining operations in Sweden to expand artificial intelligence and high-performance computing infrastructure in Canada

At least 35 EH/s of hash rate computing power is scheduled to be retired by publicly listed Bitcoin miners transitioning toward AI infrastructure

Anthropic reported expecting to spend more than $800 billion on computing infrastructure between 2024 and 2045

Cc9f267dcClaimNews event

Seattle-based Luxor Technology announced a $16 million strategic funding round led by CMT Digital

Cc9f267dcClaimNews event

Luxor Technology launched Luxor AI, extending its hardware, software, energy, data, and compute trading infrastructure into AI and high-performance computing markets

Luxor Technology operates an over-the-counter compute derivatives desk offering cash-settled options, forwards, and backstops based on compute-rental indexes to allow AI companies to hedge and finance computing capacity.

Luxor Technology expanded its hardware brokerage business to include GPU sourcing in December 2025 after historically trading over $1 billion in ASIC bitcoin mining equipment.

Luxor Technology co-founder and CEO Nick Hansen stated that digital mining and AI computing markets are converging, with identical mining operators, power sites, and capital transitioning to power AI.

Luxor Technology services over 3,000 corporate clients across its Bitcoin mining and AI infrastructure businesses as of October 2026.

Luxor Technology plans to use proceeds from its $16 million round to scale its cloud platform, expand GPU hardware sourcing, develop compute derivatives trading, and hire 12 additional staff before the end of 2026.

Phase plans to develop its own artificial intelligence model and expand its network to desktops, servers, and graphics processing units.

Luxor Technology opened a new regional office in San Francisco as part of its ongoing corporate expansion into artificial intelligence and high-performance computing.

In August 2026, Luxor Technology launched an AI Hardware Price Index through its Hashrate Index data platform to track GPU node market prices.