Releases

The founders turned an experimental cryptocurrency-mining GPU setup into a business and expanded through opportunistic purchases of GPU hardware.

Michael Intrator, Brian Venturo, and Brannin McBee formed The Atlantic Crypto Corporation LLC, the company that later became CoreWeave.

CoreWeave Cloud

After the cryptocurrency downturn, the company redirected its GPU fleet toward accelerated cloud workloads and changed its name to CoreWeave, Inc.

CoreWeave Kubernetes Service

CoreWeave raised $50 million from Magnetar Capital to scale its specialized NVIDIA GPU cloud infrastructure.

Magnetar backed CoreWeave with a $100 million strategic investment to expand GPU capacity for AI, machine learning, and visual-computing customers.

Conductor by CoreWeave

NVIDIA H100 Instances

CoreWeave Inference

CoreWeave closed a primary Series B funding round led by Magnetar Capital to expand its GPU cloud for generative AI.

CoreWeave Tensorizer

CoreWeave closed a $2.3 billion debt financing led by Magnetar and Blackstone to purchase hardware for contracted AI workloads.

NVIDIA GH200 Instances

CoreWeave completed a $642 million secondary transaction that gave existing shareholders liquidity and broadened its institutional investor base.

CoreWeave raised $1.1 billion in Series C funding led by Coatue to expand its AI cloud across products and geographies.

CoreWeave established its European headquarters in London and announced a $1.25 billion regional infrastructure investment plan.

CoreWeave signed a $7.5 billion debt facility led by Blackstone and Magnetar to expand its contracted high-performance compute fleet.

CoreWeave Compute

CoreWeave Mission Control

NVIDIA H200 Instances

CoreWeave secured a $650 million revolving credit facility from a syndicate of major banks to support global expansion.

A $650 million secondary share transaction valued CoreWeave at approximately $23 billion ahead of its public offering.

By year-end 2024, CoreWeave operated more than 360 megawatts of active power and held about 1.3 gigawatts of contracted capacity.

CoreWeave Mission Control

NVIDIA GB200 NVL72 Instances

Weights & Biases by CoreWeave

CoreWeave entered a long-term agreement to provide AI infrastructure to OpenAI, with a contract value of up to $11.9 billion.

CoreWeave AI Object Storage

CoreWeave priced 37.5 million Class A shares at $40 each, with trading under CRWV scheduled to begin on Nasdaq the next day.

CoreWeave’s Class A common stock began public trading on the Nasdaq Global Select Market under ticker CRWV.

CoreWeave Compute

Weights & Biases by CoreWeave

CoreWeave expanded its OpenAI infrastructure agreement by up to $4 billion, increasing the relationship’s contracted value.

NVIDIA HGX B200 Instances

CoreWeave Compute

CoreWeave announced an all-stock agreement to acquire Core Scientific and increase direct ownership of power and HPC data-center infrastructure.

CoreWeave closed a $2.6 billion secured delayed-draw term loan to finance infrastructure supporting its OpenAI agreement.

OpenPipe by CoreWeave

CoreWeave Ventures

CoreWeave announced an incremental £1.5 billion UK data-center commitment, bringing its stated UK investment to £2.5 billion.

CoreWeave and NVIDIA agreed on a strategic collaboration to scale GPU infrastructure and accelerate AI innovation.

A third OpenAI agreement added up to $6.5 billion, bringing total announced contract value with OpenAI to approximately $22.4 billion.

Monolith by CoreWeave

Serverless Reinforcement Learning

CoreWeave AI Object Storage

CoreWeave agreed to provide Poolside with a cluster of more than 40,000 NVIDIA GB300 NVL72 GPUs and support its Project Horizon AI campus.

The proposed Core Scientific acquisition was terminated after Core Scientific stockholders did not approve the all-stock merger agreement; the commercial partnership continued.

Marimo by CoreWeave

CoreWeave increased its revolving credit facility from $1.5 billion to $2.5 billion and extended maturity to November 2029.