CoreWeave capex funding
Company: Core Scientific
What the later record shows
Outcome not yet confirmed
Later passages only restate the funding terms (now about $750 million). None reports how much CoreWeave actually funded in 2024.
“Up to $1.5 million per HPC MW (or approximately $750 million) of data center build out costs are funded by CoreWeave”
2025-02-26 · Fourth Quarter Fiscal Year 2024 Earnings Presentation View cached copy (2026-09-01)Live source ↗Archive.org ↗
Checked October 16, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
CoreWeave funds up to $1.5 million per HPC MW (approximately $575 million) of data center build-out costs in 2024, credited against hosting payments at no more than 50% of monthly fees until repaid
Source (primary)
Second Quarter Fiscal Year 2024 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-10-16)Live source ↗Archive.org ↗
Quote: “2024 CoreWeave funds $575 million in cash, and Capex Credit prepayment recorded as deferred revenue”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The CoreWeave financials slide and its footnote state each of these terms.
Confirmed in the source:
- CoreWeave funds up to $1.5 million per HPC MW of data center build-out costs
- The total funding is approximately $575 million
- CoreWeave funds the $575 million in 2024
- The funding is 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/1066/11129/pdf/Core_Scientific_Q2_2024_Earnings_Presentation.pdf) in full (24,266 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Second Quarter Fiscal Year 2024 Earnings Presentation
Quote: “2024 CoreWeave funds $575 million in cash, and Capex Credit prepayment recorded as deferred revenue”