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)
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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.”
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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.”