CoreWeave Signs $25B in New AI Compute Commitments at $40M/MW Pricing
CRWV sits 30% above its 52-week low of $60.55.
Summary
CoreWeave disclosed that it has signed over $25 billion in net new customer commitments early in Q3, with short-term contracts priced at approximately $40 million per megawatt. Total contracted power climbed to 4.2 gigawatts from 3.7 gigawatts at the end of Q2. These figures confirm strong demand and pricing power for AI compute capacity. The company also launched a 35 million share ATM program, adding financing flexibility as it builds out infrastructure. The stock fell 2% premarket despite the positive operational news, reflecting technical pressure below key moving averages.
At the time of this announcement, CRWV was trading at $78.96 on NASDAQ in the Technology sector, with a market capitalization of approximately $43.5B. The 52-week trading range was $60.55 to $153.20. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.