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CoreWeave is scaling its NVIDIA-powered AI cloud infrastructure around a $99.4 billion backlog as investors weigh explosive revenue growth against rising debt and capital spending. Representative image.
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CoreWeave company profile: How a crypto miner built a $99.4bn AI cloud backlog

CoreWeave has transformed from a cryptocurrency-mining operation into one of the world’s fastest-growing artificial intelligence cloud providers, securing major commitments from Microsoft Corporation, OpenAI, Meta Platforms, Inc., Anthropic and Jane Street. Its $99.4 billion revenue backlog offers extraordinary visibility, but heavy debt, customer concentration and a planned $31 billion to $35 billion capital programme make execution as important as demand.