ARK ETFs buy $19.1 million of CoreWeave shares as AI infrastructure demand drives financing push

  • ARK Investment Management bought 239,083 CoreWeave shares for approximately $19.1 million.
  • ARK allocated 191,868 shares to ARKK and 47,215 shares to ARKW.
  • CoreWeave plans $3.5 billion of convertible-note capacity and 35 million potential share sales.

ARK Investment Management bought 239,083 CoreWeave shares valued at about $19.1 million, allocating 191,868 shares to the ARK Innovation ETF and 47,215 to the ARK Next Generation Internet ETF. The purchase followed a 5.3% decline in CoreWeave shares amid a new funding push. An earlier record dated the transaction September 17, 2026, and valued it at approximately $19.9 million, creating a valuation discrepancy. CoreWeave is held by hundreds of ETFs, with the Renaissance IPO ETF carrying the largest listed allocation at 9.67%, followed by ARKW at 3.71% and the iShares Future AI & Tech ETF at 3.73%. The company said it added more than $25 billion in customer commitments in early third-quarter 2026 and increased contracted power capacity from 3.7 gigawatts to 4.2 gigawatts as of August 11. It also said short-term computing contracts were being signed at prices equivalent to roughly $40 million in annualized revenue per megawatt. To fund expansion, CoreWeave plans to issue $3 billion of convertible senior notes, with an option for another $500 million, and has launched an ATM program allowing sales of up to 35 million Class A shares. The programs could provide roughly $6.3 billion of financing capacity, while increasing financing and dilution considerations. CoreWeave reported second-quarter revenue of $2.58 billion, up 112.5% year over year, alongside a $1.14 per-share loss, and remains unprofitable. Rosenblatt Securities maintained a Buy rating and $250 price target, while the 34-analyst consensus was Moderate Buy with an average target of $142.31.

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ARK ETFs buy $19.1 million of CoreWeave shares as AI infrastructure demand drives financing push - CoinPost Terminal