The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Research · Q1

CoreWeave (capital (treasury/financing facet)) → Turner Construction Company (EPC/general-contractor services (seller side)) hypothesis — not confirmed

$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.

high confidence · about Turner construction company

$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.

Sourced figures 1


the working

Basis

$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.

This is a hypothesized partial answer to CoreWeave (delayed-draw term loan facility (disclosed at Q2 2026 earnings), 2026-08-11) → CoreWeave (capital (treasury/financing facet)) — not a confirmed decomposition of its figure, and not counted toward any total.

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