Cloud Computing startup CoreWeave (CRWV) breached some terms of a $7.6B loan last year that triggered a series of so-called ...

CoreWeave (CRWV) violated several terms of a $7.6B loan last year, triggering a series of technical defaults, Robert Smith, Tabby Kinder, and Antoine Gara of The Financial Times reports.

CoreWeave’s technical default. A particularly painful bonus day. Family Dollar’s new owners. CoreWeave: Hot IPO or the WeWork of AI? At first glance, ...

Cloud computing startup CoreWeave, which is backed by chipmaker Nvidia (NVDA), reportedly broke some terms of a $7.6 billion loan agreement last year, which led to a series of technical defaults ...

Meanwhile, CoreWeave’s syndicate of 14 IPO advisers had reportedly been aiming for approximately 15 times forward EBIT. So even if recent speculation proves accurate that the price range has moved ...

CoreWeave CEO Mike Intrator said on “Squawk Box” that the company had to “rightsize” its pricing ahead of the Friday IPO.

To make things worse, CoreWeave has also been found to have breached some of its loan terms on a $7.6B loan last year on technical defaults, according to Financial Times. Although CoreWeave didn't ...

Smith adds that "rumors of canceled service agreements and technical loan defaults added more 'hair' to an already hairy deal." Track all markets on TradingView CoreWeave originated as a crypto ...

CoreWeave's IPO is the first one of the generative AI era. Competition for new Nvidia chips from huge rivals will make it hard for CoreWeave to grow fast enough.

However, in December 2024, CoreWeave asked its main lender, Blackstone (BX), to amend the agreement and waive the defaults. The loan was structured through a special purpose vehicle that used GPUs ...

Cloud Computing startup CoreWeave (CRWV) breached some terms of a $7.6B loan last year that triggered a series of so-called technical defaults, the Financial Times reported. CoreWeave had to ask ...