The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Research · Q1

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

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

med confidence · about Vertiv

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

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the working

Basis

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

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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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.