CoreWeave capex funding for data center build out
Company: Core Scientific
The claim, verbatim
CoreWeave funds up to $1.5 Million per MW (approximately $750 Million total) of data center build out costs for initial sites, credited against hosting payments
Source (primary)
Fourth Quarter Fiscal Year 2025 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Up to $1.5 Million per 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 10, 2026. The cited source supports every part of this claim.
The contract footnote states the funding terms. It adds that credits are capped at 50% of monthly fees until the costs are fully repaid.
Confirmed in the source:
- CoreWeave funds up to $1.5 million per MW, approximately $750 million in total, of data center build-out costs
- These funded costs are credited against hosting payments
- This funding applies to the original contracted sites, as distinct from the later 70 MW expansion
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_eb9c314ac28438fbd39d12d91c4e5bdc/corescientific/db/1066/11266/pdf/Q4+FY25+earnings+deck+vfinal.2+PDF.pdf) in full (13,731 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Fourth Quarter Fiscal Year 2025 Earnings Presentation
Quote: “Up to $1.5 Million per 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.”