AI company CoreWeave filed for an IPO and plans to raise $4 billion at a $35 billion valuation

AI company CoreWeave, which works closely with Bitcoin mining company Core Scientific, filed an IPO application today and is expected to raise US$4 billion and be valued at more than US$35 billion. The prospectus shows that the company achieved revenue of US$1.9 billion in 2024, but resulted in a net loss of US$863 million due to AI-related investments. CoreWeave has invited Core Scientific to assist in building 500 megawatts (MW) AI infrastructure. When CoreWeave was still engaged in Ethereum mining, the latter was once the former’s largest GPU supplier.（CoinDesk）

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