CoreWeave contract terms and capex funding
Company: Core Scientific
The claim, verbatim
The CoreWeave contracts run 12 years with two 5-year options. The client pays for capex, power and utilities, and CoreWeave funds up to $1.5 million per HPC MW (about $750 million) of build-out costs, credited against hosting payments.
Source (primary)
December 2024 Convertible Note 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 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 CoreWeave transaction summary slide and its footnote state each of these terms.
Confirmed in the source:
- The CoreWeave contracts are 12-year contracts with two 5-year options
- The client pays for capex, power and utilities
- CoreWeave funds up to $1.5 million per HPC MW, approximately $750 million, of data center build-out costs
- The funded build-out costs are credited against hosting payments
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_b76ddaa46c59e7a64138659274ff5f32/corescientific/db/1066/11131/pdf/Core_Scientific_December_2024_Company_Presentation.pdf) in full (23,998 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms December 2024 Convertible Note Presentation
Quote: “Up to $1.5 million per HPC 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”