AI · AI today, November 12, 2026
Business
CoreWeave turns to prepayments and shorter contracts to fund expansion
· Aster editorial team
AI-generated imageCoreWeave said it will fund part of its growth through customer prepayments, loans backed by specific contracts, and shorter-term deals carrying higher prices. The company expects about $9 billion in prepayments and deposits over the next three months. For its third quarter, it reported $3.66 billion in revenue, a $709 million net loss, and $846 million in interest expense.
Why it matters
The model reduces the immediate need for unsecured debt, but it depends on sustained demand and pricing for computing capacity.
For the technical crowd
CoreWeave reported a $132.5 billion backlog. It also said short-term capacity sells for more than $40 million per megawatt annually, compared with $20 million to $25 million for new four- or five-year contracts.
· Source: TechCrunch
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