CoreWeave CapEx funding commitment
Company: Core Scientific
The claim, verbatim
CoreWeave funds up to $575 million in cash for HPC data center buildout costs, credited against hosting payments at no more than 50% of monthly fees until fully repaid
Source (primary)
Second Quarter Fiscal Year 2024 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-09-26)Live source ↗
Quote: “CoreWeave funds $575 million in cash, and Capex Credit prepayment recorded as deferred revenue”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
A footnote on the CoreWeave contract slide states each of these terms directly.
Confirmed in the source:
- CoreWeave funds up to approximately $575 million (up to $1.5 million per HPC MW) in cash
- The funding covers HPC data center buildout costs
- The funding is credited against hosting payments at no more than 50% of monthly fees until fully repaid
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_fda3a1f2f1890adaa7ac6c4d9d310971/corescientific/db/1066/11129/pdf/Core_Scientific_Q2_2024_Earnings_Presentation.pdf) in full (24,266 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Second Quarter Fiscal Year 2024 Earnings Presentation
Quote: “CoreWeave funds $575 million in cash, and Capex Credit prepayment recorded as deferred revenue”