Core Scientific to fund $104M capex for 70 MW CoreWeave expansion
Company: Core Scientific
The claim, verbatim
For the additional 70 MW CoreWeave expansion, Core Scientific is responsible for funding $104 million of capex ($1.5M/MW) for the powered core and shell with no capex credit.
Source (primary)
Second Quarter Fiscal Year 2026 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-10-16)Live source ↗Archive.org ↗
Quote: “For the additional 70 MW expansion, Core Scientific is responsible for funding $104 Million of capex ($1.5M per MW) for the powered core and shell”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The CoreWeave contract summary footnotes state each element: $104 million of capex at $1.5M per MW for the powered core and shell, funded by Core Scientific with no capex credit.
Confirmed in the source:
- The additional 70 MW expansion is part of the CoreWeave contract
- Core Scientific is responsible for funding $104 million of capex for the 70 MW expansion
- The capex is stated as $1.5M per MW
- The capex is for the powered core and shell
- There is no capex credit associated with the new agreement
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_b76ddaa46c59e7a64138659274ff5f32/corescientific/db/1066/11282/pdf/Q2+FY26+earnings+deck+7.28+AM.pdf) in full (12,585 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Second Quarter Fiscal Year 2026 Earnings Presentation
Quote: “For the additional 70 MW expansion, Core Scientific is responsible for funding $104 Million of capex ($1.5M per MW) for the powered core and shell”