The new debt financing follows a $1.1 billion equity funding round two weeks ago that valued the fast-growing company at $19 billion. Last year CoreWeave did another debt financing deal worth $2.3 billion. The company operated in 14 data centers at the end of last year and plans to double its footprint to 28 data centers by the end of this year. Asset-management firm Blackstone led the debt financing. The asset-management firm Blackstone led the debt financing, with participation from Magnetar Capital, which co-led; Coatue Management; Carlyle Group; CDPQ; DigitalBridge; BlackRock; Eldridge Industries and Great Elm Capital.

Source: Wall Street Journal May 17, 2024 22:23 UTC