CoreWeave plans $2B note offering to scale AI business while managing dilution
CoreWeave plans to raise $2 billion through a private offering of convertible notes due 2031, with an option for an additional $300 million. Proceeds will be used for general corporate purposes and capped-call transactions to reduce potential shareholder dilution. The notes can be settled in cash, shares, or a combination. Founded as a crypto miner in 2017, the company pivoted to AI infrastructure in 2019 and now operates over 33 data centers. The stock fell 9.2% on the news. Separately, CoreWeave's recent $9 billion bid to acquire Bitcoin miner Core Scientific failed after shareholders rejected it. The company stated the acquisition was primarily aimed at securing power capacity for future AI expansion, not a return to crypto.
cointelegraph29 мин. назад