coreweave

According to Reuters, Nvidia announced that it has invested $2 billion in AI infrastructure provider CoreWeave, becoming its second-largest shareholder to accelerate the collaboration on data center construction in the United States.The investment was made at a price of $87.2 per share, which will increase Nvidia's shareholding by approximately 23 million shares, significantly raising its ownership stake. CoreWeave stated that the funds will be used to expedite land and power procurement, research and development, and team expansion, rather than for purchasing Nvidia processors.The company's goal is to build over 5 gigawatts of AI data center capacity by 2030. CoreWeave originally started as a cryptocurrency mining company and has now transformed into a "new cloud" service provider renting Nvidia GPUs to tech and AI companies.

According to Jinshi News, Coreweave's stock surged in pre-market trading, rising over 11% at one point.

According to Ark Invest Tracker, Cathie Wood's Ark Invest increased its holdings by 62,166 shares of Coinbase stock (approximately $16.47 million) and 10,308 shares of CoreWeave stock (approximately $765,000).

According to Jinshi News, at the opening of the U.S. stock market, the Dow Jones Industrial Average rose by 0.03%, the S&P 500 index fell by 0.21%, and the Nasdaq Composite Index dropped by 0.48%. Nvidia (NVDA.O) fell by 2.28%, and SoftBank announced that it had completely divested from Nvidia in October, cashing out $5.8 billion. Coreweave (CRWV.O) dropped by 9.3%, as the company faces questions about its profitability expansion. Beyond Meat (BYND.O) fell by 7.1%, with weak sales expectations for the fourth quarter.

CoreWeave has signed an $1.17 billion AI agreement with Vast Data, which is backed by Nvidia. As a result of this news, CoreWeave's stock rose nearly 4% in pre-market trading. According to the agreement, CoreWeave will use Vast as its primary data platform for cloud infrastructure, providing customers with access to graphics processing units (GPUs) for training and running AI models. Vast stated that such contracts typically last three to five years but declined to disclose specific financial terms.

ChainCatcher news, according to market news, Core Scientific failed to secure enough votes to pass the CoreWeave transaction. Core Scientific's stock price rose by 2.7%, reaching an intraday high.

ChainCatcher news, according to Jinshi reports, U.S. stocks opened with the Dow Jones Industrial Average down 0.07%, the S&P 500 down 0.06%, and the Nasdaq Composite down 0.05%. CoreWeave's stock price rose over 11% after the company signed a $14.2 billion computing power agreement with Meta; Uipath's stock price surged nearly 20% after partnering with Nvidia to develop enterprise intelligent automation.

ChainCatcher news, CoreWeave has signed an agreement to provide computing power worth up to $14.2 billion to Meta Platforms, highlighting the enormous costs of developing and running advanced artificial intelligence models.CEO Michael Intrator stated in an interview, "They liked our infrastructure in the early contracts, so they came back seeking more collaboration." He said that as part of the agreement, CoreWeave will provide the social media giant with NVIDIA's latest GB300 systems.

ChainCatcher news, according to Jinshi reports, at the opening of the US stock market, the Dow Jones Industrial Average rose by 0.4%, the S&P 500 index rose by 0.3%, and the Nasdaq Composite Index rose by 0.38%. Data center operator Coreweave (CRWV.O) fell over 10%, with adjusted net losses in the second quarter significantly widening to $130.8 million.

ChainCatcher news, according to Prnewswire, Two Seas Capital, as the largest active shareholder of Core Scientific (holding approximately 6.3%), announced on August 7 that it would vote against the merger deal between Core Scientific and Core Weave. Two Seas Capital believes that the all-stock transaction proposal severely undervalues Core Scientific, and the lack of a price protection mechanism will expose shareholders to significant risks.Two Seas Capital pointed out that Core Scientific has significant advantages in the high-performance computing infrastructure sector, including economies of scale, the ability to acquire low-cost electricity, and a talent pool in data centers. In the context of rapidly growing demand for computing power driven by the development of artificial intelligence, the company has a good long-term development outlook, and there is currently no need to sell at an unreasonable valuation.

ChainCatcher news, according to Jinshi reports, CoreWeave stated that it will acquire the digital infrastructure company Core Scientific through an all-stock transaction. The value per share for this transaction is $20.40. The agreed exchange ratio implies a company valuation of approximately $9 billion.Previous news, AI infrastructure company CoreWeave is in talks to acquire the Bitcoin mining company Core Scientific.

According to ChainCatcher, citing The Block and The Wall Street Journal, cloud computing company CoreWeave has once again proposed to acquire Bitcoin mining company Core Scientific, with the deal expected to be completed in a few weeks. This is CoreWeave's second attempt to acquire the company after its $1 billion (at $5.75 per share) offer was rejected in June 2024. Following this news, Core Scientific's stock price surged 28% on the same day, bringing its market capitalization to approximately $3.6 billion.Core Scientific went public through a SPAC merger in January 2022 and filed for bankruptcy protection in December of the same year due to a plunge in Bitcoin prices. After completing its restructuring last year, it re-listed on NASDAQ. The two companies had previously signed a multi-year cooperation agreement, with Core Scientific providing approximately 200 megawatts of infrastructure to support CoreWeave's high-performance computing services. If this acquisition is successful, it will accelerate the integration of AI and cryptocurrency mining infrastructure.

ChainCatcher news, according to official sources, digital asset management company Galaxy Digital Holdings has announced a partnership with CoreWeave to host more artificial intelligence and high-performance computing infrastructure at the Helios data center campus.As Galaxy shifts its focus to hosting AI and HPC data center infrastructure, Galaxy is evaluating several opportunities to monetize its remaining Bitcoin mining ASICs and infrastructure.

ChainCatcher news, focusing on artificial intelligence cloud service company CoreWeave successfully completed its initial public offering (IPO), raising $1.5 billion at a price of $40 per share, with the company's valuation reaching approximately $23 billion. Due to a sluggish stock market, the company reduced the IPO size from the initially planned 49 million shares (priced at $47-55 per share) to 37.5 million shares.AI giant Nvidia, as an investor in CoreWeave, subscribed for $250 million worth of shares in this IPO, strengthening its stake in the AI cloud service company. CoreWeave has deep ties with Bitcoin mining company CoreScientific, having previously reached a multi-billion dollar partnership agreement to enhance CoreScientific's AI capabilities. Notably, Nvidia's stock price has dropped 12% this year, reflecting the overall weakness in the AI sector.

ChainCatcher news, according to Decrypt, cloud computing provider CoreWeave plans to acquire the AI developer platform Weights & Biases for $1.7 billion before its IPO.ChainCatcher previously reported, citing sources familiar with the matter, that cloud computing provider CoreWeave is considering filing for an initial public offering in the U.S. within a week. According to sources, as one of the hottest startups in the AI sector, CoreWeave aims to raise approximately $4 billion through this listing. The sources indicated that CoreWeave's valuation target is expected to exceed $35 billion.

ChainCatcher news, according to Jiemian News citing informed sources, cloud computing provider CoreWeave is considering going public in the U.S. within a week. Informed sources said that as one of the hottest startups in the field of artificial intelligence, CoreWeave hopes to raise about $4 billion through this IPO. The sources indicated that CoreWeave's valuation target is expected to exceed $35 billion.

ChainCatcher news, according to The Information, Microsoft plans to spend nearly $10 billion by 2030 to rent servers from the AI startup CoreWeave. The report cites comments made by the company to investors, indicating that this amount may be larger than previously known, accounting for more than half of the $17 billion contract total signed by CoreWeave with its customers. CoreWeave expects its revenue to quadruple next year to about $8 billion, and neither CoreWeave nor Microsoft has commented on the matter yet.It is reported that CoreWeave has signed a multi-year contract with Bitcoin mining company Core Scientific, which will provide up to 16MW of data center infrastructure to host CoreWeave's infrastructure. Recently, Core Scientific also announced an expansion of its hosting contract with AI computing company CoreWeave, with the extended agreement adding 120 MW of power for CoreWeave's high-performance computing (HPC) operations, bringing the total power across six Core Scientific sites to 500 MW.

ChainCatcher news, according to Caixin, Microsoft will spend about 10 billion dollars to use CoreWeave's cloud computing data centers to develop artificial intelligence business.

ChainCatcher news, Bitcoin mining company Core Scientific announced an expansion of its hosting contract with artificial intelligence computing company CoreWeave, adding 120 megawatts (MW) of power for high-performance computing (HPC) operations, bringing the total capacity to 500 MW. This collaboration is expected to generate $8.7 billion in revenue for Core Scientific over the next 12 years. All infrastructure upgrades will be funded by CoreWeave, with an investment amounting to $180 million. This expansion will help Core Scientific further diversify its revenue sources and enhance its AI service capabilities following its bankruptcy restructuring.