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CoreWeave plans $3 billion convertible debt and ATMs for shares

CoreWeave says it is planning a $3 billion convertible debt offering and has set up an at-the-market equity program to sell up to 35 million shares, citing strong AI computing demand.

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CoreWeave is planning a $3 billion convertible debt offering and has set up an at-the-market equity program to sell up to 35 million shares. The company said on Thursday it continues to see strong demand for artificial-intelligence computing power.