CoreWeave reports $2.58 billion Q2 revenue with $35 billion in debt
Michael Intrator's AI cloud reported $2.58 billion in quarterly revenue and a $626 million loss while its backlog reached $104 billion.
By Ryan Merket · Published
Primary source: CNBC
Why it matters
CoreWeave is converting AI demand into large customer commitments, but its $35 billion debt balance makes capacity deployment and contract renewals as important as bookings.
Michael Intrator's AI cloud reported $2.58 billion in quarterly revenue and a $626 million loss while its backlog reached $104 billion.
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