CoreWeave raises $3.7B via convertible notes for expansion
CoreWeave (CRWV) raised $3.7B through convertible notes to fund expansion of GPU clusters, Vera Rubin systems, and a 15-year data center lease with Blockfusion, citing new LOTA cache technology to boost AI training speeds.
CoreWeave, Inc. 7B through convertible notes to support expansion of GPU clusters, Vera Rubin systems and a 15-year Niagara Falls data center lease with Blockfusion. The company said new LOTA cache technology is intended to improve AI training speeds, while the financing may also increase dilution and leverage.