CoreWeave funds up to ~$750M build-out
Company: Core Scientific
The claim, verbatim
CoreWeave funds up to $1.5 million per HPC MW (about $750 million) of data center build-out costs, credited against hosting payments at no more than 50% of monthly fees.
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: “Up to $1.5 million per HPC MW (or approximately $750 million) of data center build out costs are funded by CoreWeave”
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 the funding cap and the 50% credit limit.
Confirmed in the source:
- CoreWeave funds up to $1.5 million per HPC MW (about $750 million) of data center build-out costs
- Those costs 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/1066/11132/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: “Up to $1.5 million per HPC MW (or approximately $750 million) of data center build out costs are funded by CoreWeave”