CoreWeave, which offers Nvidia GPUs in the cloud, raised $2.3B in debt, collateralized by Nvidia chips; CoreWeave has raised $421M in equity so far in 2023
Reuters Krystal Hu
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Discussion
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@alistairmbarr
Alistair Barr
on x
GPUs have become so valuable, they are being used as collateral for +$1 billion loans. What is the life span of a GPU? Is that enough to support huge debt like this? https://www.reuters.com/...
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@emostaque
Emad
on x
Collateralised GPU Obligations
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@branninmcbee
Brannin Mcbee
on x
Could not be more proud of our team - Closing this $2.3b debt facility with such fantastic counterparties is not only a testament to what we have built, but is also indicative that this is just the start. https://www.prnewswire.com/...
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@coreweave
@coreweave
on x
We are both excited and humbled to share that CoreWeave has just raised $2.3 Billion in debt financing, led by Magnetar and @Blackstone. This will help us acquire the data centers and hardware to serve our growing family of amazing clients and partners! https://coreweave.com/... …