Core Scientific funds $104M capex for 70 MW 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 per MW) for powered core and shell, with no capex credit.
Source (primary)
First Quarter Fiscal Year 2025 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-10-16)Live source ↗Archive.org ↗
Quote: “Core Scientific is responsible for funding $104 Million of capex ($1.5M per MW) for the powered core and shell with no capex credit associated with this new agreement”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The transaction summary footnote states every element of this claim.
Confirmed in the source:
- For the additional 70 MW CoreWeave expansion, Core Scientific funds $104 million of capex
- The rate is $1.5M per MW, for the powered core and shell
- No capex credit is 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/1066/11247/pdf/First+Quarter+Fiscal+Year+2025+Earnings+Presentation.pdf) in full (28,649 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms First Quarter Fiscal Year 2025 Earnings Presentation
Quote: “Core Scientific is responsible for funding $104 Million of capex ($1.5M per MW) for the powered core and shell with no capex credit associated with this new agreement”