CoreWeave unveils Rubin AI cluster alongside $3 billion financing plan

  • CoreWeave brought a multi-rack NVIDIA Vera Rubin NVL72 cluster online and signed a 15-year anchor lease for capacity at Blockfusion's Niagara Falls, New York, campus.
  • CoreWeave plans to issue $3 billion of convertible senior notes due in 2033, with a $500 million upsizing option, and authorized an ATM program for up to 35 million Class A shares.
  • The company reported more than $25 billion in additional early-third-quarter customer commitments, about 4.2 gigawatts of contracted power capacity and roughly $40 million in annualized revenue per megawatt for quarterly contracts.

CoreWeave announced a multi-rack NVIDIA Vera Rubin NVL72 deployment, a 15-year Niagara Falls data-center lease and plans to raise $3 billion through convertible senior notes due in 2033, with an option to increase the offering to $3.5 billion. It also authorized an at-the-market program for up to 35 million Class A shares. The announcements came as the company reported more than $25 billion in net new customer commitments early in the third quarter, approximately 4.2 gigawatts of contracted power capacity by Aug. 11 and quarterly contracts priced at roughly $40 million in annualized revenue per megawatt.

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