CoreWeave funded capex for data center buildout
Company: Core Scientific
The claim, verbatim
CoreWeave to fund approximately $750 million of data center buildout costs, credited against hosting payments at no more than 50% of monthly fees until fully repaid
Source (primary)
Investor Conference Call 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 presentation states that CoreWeave funds about $750 million of build-out costs. These are credited against hosting payments at up to 50% of monthly fees until repaid.
Confirmed in the source:
- CoreWeave funds data center build-out costs of up to $1.5 million per MW, or approximately $750 million
- These funded costs are credited against hosting payments at no more than 50% of monthly fees until fully repaid
What we did: Read our cached copy of IR page (investors.corescientific.com) (https://d1io3yog0oux5.cloudfront.net/_eb9c314ac28438fbd39d12d91c4e5bdc/corescientific/db/1066/11263/pdf/Core+Scientific+Investor+Update+Presentation+FINAL.pdf) in full (11,378 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Investor Conference Call 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.”