CoreWeave’s AI Pivot Pays Off: From Crypto Miner to $3 Billion Nasdaq IPO

Posted on by http://wealthcreation.club
CoreWeave, a former cryptocurrency miner turned AI computing company, is set to go public with an IPO on the Nasdaq. The offering, expected to be priced late Thursday with trading beginning Friday morning, could raise up to $3 billion at the high end of the proposed range

The company has experienced rapid growth, with revenue increasing more than eightfold to $1.9 billion in 2024. CoreWeave reported $15.1 billion in “remaining performance obligations” at the end of last year, with over half expected to be recognized as revenue by the end of 2026. Additionally, the company recently announced a $11.9 billion contract with OpenAI, running through October 2030

Discover how we can elevate your portfolio and deliver exceptional growth. NEW Monthly Payout Of At Least 0.5% In US Dollars

Contact Us: bit.ly/Alpha-Binwani-Capital

Website: alphabinwanicapital.com

Facebook Group: bit.ly/AlgoFBGroup

#CoreWeaveIPO #NasdaqDebut #TechStocks #InvestmentOpportunities #MarketTrends
Unknown's avatar

Published by http://wealthcreation.club

http://wealthcreation.club—We are educating regular people about how to be able to make more money in a disciplined way

Leave a comment