FT · 2026-11-11 00:01 UTC

CoreWeave plans multibillion-dollar chip-backed debt deal

CoreWeave plans a chip-backed loan worth several billion dollars at about 7 to 7.5 per cent interest, less than half the yield on its unsecured debt. The company expects about $9bn of customer pre-payments and deposits over the next three months and reported Q3 revenue up 168 per cent to $3.7bn. Net loss widened to $709mn from $110mn a year earlier as interest expense nearly tripled to $846mn, and debt and lease liabilities rose to $66.2bn.

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