TNW | Finance
CoreWeave rules out new unsecured debt as revenue jumps 168% to $3.66bn
The raised CoreWeave forecast comes as interest costs jumped to $846m and losses widened. The AI cloud company expects about $9bn in customer prepayments in the next three months.
By TNW | Finance
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·Excerpt
CoreWeave raised its 2026 forecast on Tuesday after its third-quarter revenue rose 168% to $3.66bn. It also said it would not sell more unsecured debt at current interest rates. The AI cloud company now expects $13bn to $13.3bn in revenue this year, according to its results statement.
In August, CoreWeave had…
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