Core Scientific inks colocation deal to host 75 MW of ASIC servers

Core Scientific (NASDAQ:CORZ) said Tuesday it entered into a colocation deal to increase its hosting business by 75 MW.The deal will generate ~$50M in annual revenue when the ASIC servers are fully deployed.The deal provides for prepayments sufficient to fund additional infrastructure required to host the 75 MW.Server deployments will start Q3, with full deployment to be completed in 2022.CORZ expects to operate ~325K ASIC servers (combined self-mining and colocation) in its data centers before 2022-end.