CoreWeave contract terms: take-or-pay, non-terminable, secured
Company: Core Scientific
The claim, verbatim
The CoreWeave contracts are take-or-pay at a fixed price with an annual escalator, cannot be unilaterally terminated, and Core Scientific holds liens on the data center assets via UCC filings.
Source (primary)
Investor Conference Call Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-10-16)Live source ↗Archive.org ↗
Quote: “Take-or-pay Customer is committed to paying for contracted capacity, regardless of utilization ... No ability to unilaterally terminate the contract ... We have liens on the data center assets”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The contract detail table lists take-or-pay terms, fixed pricing with an annual escalator, no unilateral termination right, and liens on the data center assets through UCC filings.
Confirmed in the source:
- The CoreWeave contracts are take-or-pay, committing the customer to pay for contracted capacity regardless of utilization
- The contracts are fixed price, including an annual escalator
- There is no ability to unilaterally terminate the contracts
- Core Scientific holds liens on the data center assets through UCC filings
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_b76ddaa46c59e7a64138659274ff5f32/corescientific/db/1066/11263/pdf/Core+Scientific+Investor+Update+Presentation+FINAL.pdf) in full (11,378 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Investor Conference Call Presentation
Quote: “Take-or-pay Customer is committed to paying for contracted capacity, regardless of utilization ... No ability to unilaterally terminate the contract ... We have liens on the data center assets”