CoreWeave CFO: $25B raised in debt and equity in 18 months

Rent-a-GPU biz CoreWeave is still racking up eyewatering debts amid mounting net losses as it continues to burn cash on expanding datacenter capacity. The New Jersey-based firm is one of a new breed of cloud providers that focuses on GPU-based server infrastructure and services used by customers for the development and …

[IGotOut]

You really...

... couldn't make this shit up

OK the tech bro's can, but most people couldn't.

[ecofeco]

Re: You really...

This fad of tech douche bro meme stock will not end well nor soon enough.

[Anonymous Coward]

Re: You really...

Trying to somehow out-pace the growing mountain of leveraged debt seems like a bit of a risky "plan". Or is it a "scheme"?

House of cards, foundation of sand, etc.

[Anonymous Coward]

Core weave

A bunch of former crypto bros who turned to the AI bubble, what could go right!

https://www.wheresyoured.at/core-incompetency/

[druck]

Re: Core weave

I can't really tell the difference between CoreWeave's business model and a Ponzi scheme, but that's not surprising if they've come from the similarly scams of crypto world.