The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Research · Q1

CoreWeave (capital (treasury/financing facet)) → Supermicro hypothesis — not confirmed

$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.

med confidence · about Supermicro

$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.


the working

Basis

$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.

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.

Threads 0

No thread tagged to this actor yet.

A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Research · Q1.