CoreWeave data center buildout capex funding
Company: Core Scientific
The claim, verbatim
CoreWeave will fund up to $1.5 million per HPC MW (approximately $750 million total) for data center buildout costs, with credits against hosting payments
Source (primary)
Fourth Quarter Fiscal Year 2024 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 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
Checked on October 10, 2026. The cited source supports every part of this claim.
A footnote on the CoreWeave slide states the funding terms. It adds that credits are capped at 50% of monthly fees until the amount is fully repaid.
Confirmed in the source:
- CoreWeave funds up to $1.5 million per HPC MW of data center build-out costs
- This totals approximately $750 million
- The funding is credited against hosting payments
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_eb9c314ac28438fbd39d12d91c4e5bdc/corescientific/db/1066/11132/pdf/CORZ_Earnings_Presentation_Q4_2024.pdf) in full (26,814 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Fourth 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 at no more than 50% of monthly fees until fully repaid”