CoreWeave CapEx structure and credit terms
Company: Core Scientific
The claim, verbatim
CoreWeave paying all CapEx for 200 MW build-out (ranging $5-8 million per megawatt), with $300 million total credited against hosting payments (~$1.5 million per megawatt). All power and utilities are pass-through costs to CoreWeave
Source (primary)
Core Scientific, Inc. Investor and Analyst Event June 12, 2024 Transcript (IR page (investors.corescientific.com), earnings_call)
View cached copy (2026-09-01)Live source ↗
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”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The CEO describes CoreWeave funding all CapEx at $5-8 million per MW, the $300 million (about $1.5 million per MW) credit, and CoreWeave paying power and utilities, which the CFO also confirms.
Confirmed in the source:
- CoreWeave is paying for all CapEx for the 200 MW build-out
- CapEx was stated to range from $5 million to $8 million per megawatt
- Core Scientific is crediting CoreWeave a total of $300 million against hosting payments for its portion of the CapEx
- The credit equals about $1.5 million per megawatt
- Power and utilities are a direct pass-through to CoreWeave
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_eb9c314ac28438fbd39d12d91c4e5bdc/corescientific/db/1066/11128/pdf/June_2024_Investor_Day_Transcript_061224.pdf) in full (94,603 characters, retrieved September 1, 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”