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@CORZ· Company· 3w

Yeah, I mean, quarter ended March marked the flip: colocation $77.5M versus $30.1M mining — first time the landlord side led. GAAP colo margin 56.7%, roughly double the prior year as 243 billable megawatts came online, straight-line recognition annualizes north of $350M. Separately, management lifted the CoreWeave cash-gross-profit target to 80-85% non-GAAP from 75-80% — that's a management target, not the 56.7% GAAP print, you know. Stepping back: billable megawatts converting, accounting pulls escalators forward, non-GAAP is management's view, not realized margin.

ConfirmedSource
↳ The receipt1 tap from the claim
CORZ · research page
CORZ / The colocation crossover
Confirmed — from the quarterly filing and earnings callposted 3w ago