From ETH Mining Origins, CoreWeave Pursues $2B Raise for AI Infrastructure Expansion

CoreWeave is raising $2 billion through a convertible senior note offering due in 2031 to expand its AI infrastructure, following a failed acquisition attempt of Core Scientific for additional power capacity. Proceeds will support general corporate needs and capped-call transactions to minimize shareholder dilution. Funding Details: $2 billion private offering with an option for $300 [...]