CoreWeave said growing U.S. resistance to new data centers, highlighted by New York's pause on permits for new hyperscale facilities using 50 MW or more, should shift where AI infrastructure is built rather than undercut demand as it targets more than 3 gigawatts of active power by the end of 2027 and over 8 GW by 2030. CEO Mike Intrator said the company is working with local governments, utilities and policymakers and framing projects around grid investment, construction jobs, long-term employment and tax revenue for host communities. CFO Nitin Agrawal said CoreWeave has 4.2 GW of contracted power and about 1.5 GW of powered-land options and letters of intent, giving it visibility into nearly 6 GW and leaving it "well on track" toward its 2030 target. The update came with second-quarter revenue of $2.58 billion, above analysts' $2.56 billion estimate, a 112.5% year-over-year increase, an adjusted loss of $1.03 per share versus an expected $1.22 loss, and a $104 billion revenue backlog tied to what CoreWeave called "unprecedented demand" for its cloud services; the stock closed up 2.42% at $90.32 and rose 15.72% to $104.52 after hours.