CoreWeave capex funding for HPC infrastructure buildout
Company: Core Scientific
The claim, verbatim
CoreWeave to fund up to $1.5 million per HPC MW (approximately $750 million total) of data center buildout costs, credited against hosting payments
Source (primary)
Third Quarter Fiscal Year 2024 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-09-01)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”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
A footnote to the CoreWeave transaction summary states all three points, adding that credits are capped at 50% of monthly fees.
Confirmed in the source:
- CoreWeave funds up to $1.5 million per HPC MW of data center build-out costs
- The CoreWeave funding totals approximately $750 million
- The CoreWeave-funded build-out costs are credited against hosting payments
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_eb9c314ac28438fbd39d12d91c4e5bdc/corescientific/db/1066/11130/pdf/Core%2BScientific%2BQ3%2B2024%2BEarnings%2BPresentation.pdf) in full (24,743 characters, retrieved September 1, 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”