AITechCrunchabout 1 hour ago
CoreWeave Shifts to Prepayments for AI Growth
3 min read
CoreWeave reported $3.66 billion in revenue and a $709 million net loss while closing a $2.6 billion loan in August. CEO Michael Intrator stated the company expects $9 billion in customer prepayments over the next three months to fund its $132.5 billion backlog without using unsecured debt. Prices rose 25% in July and another 10% later in the quarter.
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