· CoreWeave · Cloud and data centres Funding and deals
CoreWeave reports a $104 billion revenue backlog and a $626 million quarterly loss as revenue doubles
CoreWeave reported second-quarter revenue of $2,575 million, up from $1,212 million a year earlier, and a net loss of $626 million against $290 million. Its revenue backlog was approximately $104 billion at June 30, before more than $25 billion of net new…
Finance angle CoreWeave rents Nvidia-based computing to AI developers, and its accounts show the financing behind that model: $6,422 million of equipment purchases in a quarter that produced $2,575 million of revenue and a $626 million loss, funded by more than $10 billion of new debt and convertibles plus a $3.1 billion term…
Read the report at CoreWeave ↗