Basis

$3.1B — $3.1B delayed-draw term loan at SOFR+450, minimum debt-service-coverage covenant of 1.35x effective after 2026-09-30; disclosed alongside Q2 earnings, which also showed net interest expense of $640M for the quarter (vs. $267M a year earlier) and over $10B in additional new unsecured debt and convertible bonds raised the same quarter (that $10B+ figure is NOT separately edge-modeled here — aggregate quarter-level disclosure, not a single named facility — flagged as a coverage gap rather than silently omitted)

Hypothesized recipients 7

This claim's own source names no external recipient. Separate public reporting suggests some of who the money likely went to — not confirmed, not summed into the total above.

• CoreWeave → Turner Constructionhypothesis

  $6.0B (estimate) — Turner Construction and Wohlsen Construction (joint venture) are building the $6B, ~100MW-expandable-to-300MW Lancaster, PA data center for CoreWeave -- may substantially overlap with the $4B Blue Owl/Chirisa JV funding total above, since both describe the same site; not additive.

• CoreWeave → Applied Digital Corphypothesis

  $11.0B (estimate) — CoreWeave leases capacity from Applied Digital's Ellendale, ND (Polaris Forge 1) campus under two ~15-year leases, initially 250MW/~$7B projected revenue, expanded by 150MW in Aug 2025 to roughly $11B combined, amended again April 2026.

• CoreWeave → Blue Owl Capital / Chirisa Technology Parkshypothesis

  $4.0B (estimate) — Blue Owl Capital, Chirisa Technology Parks, and Machine Investment Group closed a $4B JV funding a 100MW Lancaster, Pennsylvania campus with CoreWeave as sole tenant -- the JV's own funding total, a proxy for but not necessarily equal to CoreWeave's specific lease payments.

• CoreWeave → Dellhypothesis

  $2.3B — CoreWeave buys GPU-equipped server racks from Dell (a systems integrator, not directly from Nvidia): a $2.3B order of Dell-built GB200 NVL72 systems (PowerEdge XE9712, liquid-cooled) for 2025 delivery. Not tied to this specific $3.1B facility -- public reporting describes CoreWeave's aggregate debt/capex, not facility-by-facility use.

• CoreWeave → Societe Generale-led syndicatehypothesis

  $600.0M — A Societe Generale-led syndicate provided a $600M construction loan for a separate 50MW-then-120MW CoreWeave campus (CTP-01) in Chester/Chesterfield, Virginia, financed by Blue Owl Real Estate, Chirisa, and PowerHouse Data Centers.

• CoreWeave → Supermicrohypothesis

  $2.6B (estimate) — CoreWeave was reported as Supermicro's largest customer, approximately 22% of Supermicro's revenue (~$2.6B) across Q3 2023-Q3 2024 -- an analyst-derived revenue attribution, not a disclosed contract value.

• CoreWeave → Vertivhypothesis

  Supplies liquid cooling infrastructure for CoreWeave racks running Nvidia GB200 NVL72 at up to 250kW/rack; no dollar figure disclosed.

Threads 1

• CoreWeave Bet open