CoreWeave funds data center build-out capex
Company: Core Scientific
The claim, verbatim
CoreWeave funds up to $1.5 million per HPC MW (approximately $750 million) of data center build-out costs, credited against hosting payments at no more than 50% of monthly fees until repaid; client also pays for power and utilities.
Source (primary)
Third 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 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 and its footnote state the funding terms, and the slide says the client pays for capex, power and utilities.
Confirmed in the source:
- CoreWeave funds up to $1.5 million per HPC MW of data center build-out costs
- The CoreWeave-funded build-out costs total approximately $750 million
- The funded build-out costs are credited against hosting payments at no more than 50% of monthly fees until fully repaid
- The client pays for power and utilities
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_b76ddaa46c59e7a64138659274ff5f32/corescientific/db/1066/11130/pdf/Core%2BScientific%2BQ3%2B2024%2BEarnings%2BPresentation.pdf) in full (24,743 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Third 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 and credited against hosting payments at no more than 50% of monthly fees until fully repaid”