The JV was formed in June 2025 with a data center developer and operator; CoreWeave's initial interest was 15%. A 15-year data center lease with the JV will commence upon completion of construction, and maximum funding exposure for construction is up to $120 million.
CoreWeave
Facts that name CoreWeave, newest first.
CoreWeave commits up to $1.9 billion in funding to VIEs for data center development projects
$1.9 bn
$859 million has been funded as of September 30, 2026, including $187 million of incremental commitment in the three months ended September 30, 2026. CoreWeave is not the primary beneficiary and does not consolidate these VIEs.
Technology equipment rose to $47,023 million from $20,903 million, and data center equipment and leasehold improvements to $7,118 million from $2,842 million. Net property and equipment was $56,778 million; construction in progress was $9,339 million.