Company-funded capex for 70 MW CoreWeave expansion
Company: Core Scientific
The claim, verbatim
For the additional 70 MW expansion, Core Scientific is responsible for funding $104M of capex ($1.5M per MW) for the powered core and shell, with no capex credit.
Source (primary)
First 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.
A contract summary footnote states the company funds $104 million of powered core and shell capex for the 70 MW expansion with no capex credit.
Confirmed in the source:
- For the additional 70 MW expansion, Core Scientific is responsible for funding $104 million of capex
- The capex is $1.5M per MW for the powered core and shell
- There is no capex credit associated with this expansion agreement
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_b76ddaa46c59e7a64138659274ff5f32/corescientific/db/1066/11271/pdf/Q1+FY26+earnings+deck.pdf) in full (14,811 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms First 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”