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)
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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
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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”