CoreWeave funds all CapEx; $300M credit
Company: Core Scientific
The claim, verbatim
CoreWeave will pay for all build-out CapEx ($5–8M per MW). The first $1.5M per MW ($300M in total) funds Core-owned infrastructure and is credited back against hosting payments at 50% of revenue until repaid. Infrastructure funded above that amount stays CoreWeave-owned until contract end, when it transfers to Core at a nominal cost.
Source (primary)
Core Scientific, Inc. Investor and Analyst Event June 12, 2024 Transcript (IR page (investors.corescientific.com), earnings_call)
View cached copy (2026-10-16)Live source ↗Archive.org ↗
Quote: “CoreWeave is paying for all the CapEx, which ranges from $5 million to $8 million per megawatt, and we're crediting them in total $300 million for our portion of the CapEx against their hosting payments until it's fully repaid”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The CEO and CFO together described CoreWeave funding all CapEx at $5–8M per MW. They said the first $1.5M per MW ($300M) is Core-owned and credited back at 50% of hosting revenue, and that the remainder stays CoreWeave-owned until it transfers at nominal cost at contract end.
Confirmed in the source:
- CoreWeave will pay for all build-out CapEx
- CapEx ranges from $5 million to $8 million per megawatt
- The first $1.5 million per megawatt, $300 million in total, funds infrastructure owned by Core Scientific
- The $300 million is credited back against hosting payments at a 50% rate until repaid
- Infrastructure funded above $1.5 million per megawatt is owned by CoreWeave until the contract ends
- At contract end, that infrastructure transfers to Core Scientific at a nominal cost
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_b76ddaa46c59e7a64138659274ff5f32/corescientific/db/1066/11128/pdf/June_2024_Investor_Day_Transcript_061224.pdf) in full (94,603 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific, Inc. Investor and Analyst Event June 12, 2024 Transcript
Quote: “CoreWeave is paying for all the CapEx, which ranges from $5 million to $8 million per megawatt, and we're crediting them in total $300 million for our portion of the CapEx against their hosting payments until it's fully repaid”