lease operations at our Austin, Texas data center, which commenced in the second quarter of 2024, contributed to higher colocation revenue
10-K Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations Unless (normalized-text offset 287998) · Original source ↗
HPC hosting costs at our Austin, Texas data center consist primarily of lease expense, the direct pass-through of power costs, and direct and indirect facilities operations expenses, including personnel and benefit costs and stock-based compensation.
LEASES Lessee Accounting In February 2024, the Company entered into a lease agreement for a data center in Austin, Texas with a current operating capacity of 20 MW (the "Austin Lease").
the Company entered into a long-term contract with CoreWeave, Inc. ("CoreWeave") to deliver 16 MW of infrastructure at the Company's Austin, Texas facility
Colocation costs at our Austin, Texas data center consist primarily of lease expense, the direct pass-through of power costs, and direct and indirect facilities operations expenses, including personnel and benefit costs and stock-based compensation.
Colocation revenue is generated by leasing data center space and providing related services to licensees at our Austin, Texas high-density data center.