CoreWeave CapEx funding and infrastructure credit
Company: Core Scientific
The claim, verbatim
CoreWeave will fund all capital expenditures for HPC infrastructure buildout and credit $300 million against hosting payments at $1.5 million per megawatt.
Source (primary)
Core Scientific, Inc. Investor and Analyst Event June 12, 2024 Transcript (IR page (investors.corescientific.com), earnings_call)
View cached copy (2026-09-26)Live source ↗
Quote: “CoreWeave is paying for all the CapEx, which ranges from $5 million to $8 million per megawatt, and we're crediting them in total $300 million for our portion of the CapEx against their hosting payments until it's fully repaid, or about $1.5 million per megawatt.”
How we checked this
Checked on September 28, 2026. The cited source supports part of this claim, but not all of it.
The transcript confirms that CoreWeave funds all CapEx and confirms the $300 million / $1.5 million-per-megawatt credit. However, it is Core Scientific that credits CoreWeave against hosting payments, not the other way around as the claim's wording suggests.
Confirmed in the source:
- CoreWeave is paying for all CapEx for the HPC infrastructure buildout
- A $300 million credit applies against CoreWeave's hosting payments
- The credit equals about $1.5 million per megawatt
We could not confirm this from the cited source:
- That CoreWeave is the party granting the $300 million credit; the document says Core Scientific credits CoreWeave $300 million for Core Scientific's portion of the CapEx
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_fda3a1f2f1890adaa7ac6c4d9d310971/corescientific/db/1066/11128/pdf/June_2024_Investor_Day_Transcript_061224.pdf) in full (94,603 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific, Inc. Investor and Analyst Event June 12, 2024 Transcript
Quote: “CoreWeave is paying for all the CapEx, which ranges from $5 million to $8 million per megawatt, and we're crediting them in total $300 million for our portion of the CapEx against their hosting payments until it's fully repaid, or about $1.5 million per megawatt.”