CoreWeave funds ~$750M of build-out costs
Company: Core Scientific
The claim, verbatim
Up to $1.5 million per MW (approximately $750 million) of data center build-out costs are funded by CoreWeave and credited against hosting payments at no more than 50% of monthly fees until repaid.
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: “Up to $1.5 Million per MW (or approximately $750 Million) of data center build out costs are funded by CoreWeave and credited against hosting payments at no more than 50% of monthly fees until fully repaid”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The transaction summary footnote states these funding and credit terms.
Confirmed in the source:
- Up to $1.5 million per MW (about $750 million) of data center build-out costs are funded by CoreWeave
- These amounts are 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/_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: “Up to $1.5 Million per MW (or approximately $750 Million) of data center build out costs are funded by CoreWeave and credited against hosting payments at no more than 50% of monthly fees until fully repaid”