$104M capex for 70 MW Denton expansion
Company: Core Scientific - Project: Denton
The claim, verbatim
For the additional 70 MW 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)
Fourth Quarter Fiscal Year 2024 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-10-16)Live source ↗
Quote: “For the additional 70MW 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 footnote on the CoreWeave transaction summary slide states each of these terms.
Confirmed in the source:
- For the additional 70 MW expansion, Core Scientific funds $104 million of capex
- That capex works out to $1.5 million per MW
- The capex is for the powered core and shell
- No capex credit is associated with the new 70 MW agreement
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_b76ddaa46c59e7a64138659274ff5f32/corescientific/db/1066/11132/pdf/CORZ_Earnings_Presentation_Q4_2024.pdf) in full (26,814 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Fourth Quarter Fiscal Year 2024 Earnings Presentation
Quote: “For the additional 70MW expansion, Core Scientific is responsible for funding $104 million of capex ($1.5M per MW) for the powered core and shell”