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  "documentTitle": "2026 03 Investor Presentation",
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      "text": "Expected contribution margin in mid 20%s with fully ramped revenue and associated expenses, which are reflected as costs of revenue and technology & infrastructure expense.",
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      "text": "Note: Illustrative P&L assumptions align with unit level economics assumptions on pg 6. Illustrative timeline represents additional detail for the process outlined post-handoff on pg 19, with day 45 reflecting point of expected revenue generation upon customer access of services. (1) Deployments can represent an entire customer contract, or a subset thereof, depending on the breadth and scale of the underlying customer contract (2) Actual revenue recognition of a deployment may vary dependent on timing of fleet stabilization during, and following, the provisioning process (3) Includes direct costs for data centers, including costs associated with our facilities, such as rent, utilities including power, personnel costs for employees involved in data center operations, and depreciation of non-server data center equipment (4) Includes depreciation and amortization related to our servers and other hardware as well as other direct technology and infrastructure costs",
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      "text": "Deployment Stabilization: Deployment is stabilized and revenue is expected to be fully ramped. Expected contribution margin in mid 20%s with fully ramped revenue and associated expenses, which are reflected as costs of revenue and technology & infrastructure expense.",
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      "text": "DC Operationalization and GPU Installation: On day 0, data center lease, power costs, and non-server data center equipment depreciation commence upon delivery of powered shell to CoreWeave. Operating costs ramp as data center technicians work through fit-out and provisioning process. Assumes following day 21, CoreWeave commences the server provisioning process causing depreciation for GPUs and ancillary hardware to begin to be recognized.",
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      "text": "Provisioning Completed and Revenue Commences: Assumes following day 45, revenue begins to be recognized after servers have gone through testing and provisioning and are turned over to customer. Month 2 is fully burdened for expenses including data center lease, power cost, direct costs, and depreciation.",
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      "text": "Illustrative P&L Considerations For a New Customer Deployment(1)",
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