jain.com

CoreWeave-funded data center build-out

Company: Core Scientific

Subject kind
financing
Statement date
2024-12-03
Promised amount
750000000.0 USD
Current status
stated

The claim, verbatim

CoreWeave funds up to $1.5 million per HPC MW, or approximately $750 million, of data center build-out costs, credited against hosting payments at no more than 50% of monthly fees until fully repaid.

Source (primary)

December 2024 Convertible Note Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-11-06)Live source ↗Archive.org ↗

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

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

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”

View cached copy (2026-11-06)Live source ↗Archive.org ↗