**Core Scientific Stock Surges on Expanded AI Hosting Deal**

Core Scientific's stock (CORZ) soared over 12% in early trading on Aug. 6, following a significant expansion of its billion-dollar deal with AI cloud provider CoreWeave.

- **Deal Expansion**: CoreWeave is upping its hosting agreement with Core Scientific, requiring more resources for its NVIDIA GPUs. Core Scientific will adjust its infrastructure to provide an additional 112 megawatts for CoreWeave’s needs.

- **Stock Performance**: Shares jumped 12.1%, trading at $9.22 on the Nasdaq. The 12-year hosting agreement is expected to generate around $2 billion in revenue.

- **Previous Offers**: This expansion comes 60 days after Core Scientific declined a $5.75 per share buyout offer from CoreWeave, which was deemed undervalued.

- **Future Plans**: Infrastructure updates are set to begin soon, aiming for operational status by mid-2026. CoreWeave will fund all necessary capital investments.

- **Revenue Projections**: The total revenue from all contracts between the companies now stands at $6.7 billion.

Stay tuned for more updates on this evolving partnership.