CoreWeave

In 2017, Michael Intrator, Brian Venturo and Brannin McBee founded Atlantic Crypto Corp., which mined Ethereum using Nvidia graphics processing units (GPUs).⁠[1]

The company’s website says it was founded in New Jersey in 2017 with a focus on specialized, accelerated computing, and lists Peter Salanki as a co-founder alongside the three.⁠[2]

The company renamed itself CoreWeave in 2019 and expanded beyond cryptocurrency mining into computing services such as graphics rendering and AI model training.⁠[1]

CoreWeave’s Ethereum mining unit was shut down in September 2022.⁠[1]

Nvidia became both a customer of and an investor in CoreWeave around the time MicrosoftMicrosoftMicrosoft is a technology company founded by Bill Gates and Paul Allen in 1975 and headquartered in Redmond, Washington, with businesses spanning Windows, Microsoft 365, Azure, enterprise software, artificial intelligence, gaming and devices.Open the full entry signed on as a customer in 2023. Microsoft accounted for 62% of CoreWeave’s total sales in 2024.⁠[1]

On August 3, 2023, CoreWeave announced a $2.3 billion debt financing facility led by Magnetar Capital and funds managed by Blackstone Tactical Opportunities, with participation from CoatueCoatueCoatue is a technology- and innovation-focused investment management firm founded by Philippe Laffont in 1999, operating in both public and private markets. Its current website lists Thomas Laffont as co-founder and chief investment officer of private investments; a Form ADV filed on July 29, 2026, disclosed regulatory assets under management of $92,705,722,582.Open the full entry, DigitalBridge Credit and funds managed by BlackRockBlackRockBlackRock is a publicly traded investment management company headquartered in New York, founded in 1988 by Larry Fink and seven others and listed on the New York Stock Exchange (ticker BLK); its businesses include the iShares family of exchange-traded funds and the Aladdin investment and risk management platform. As of June 30, 2026, its assets under management totaled $15.3 trillion.Open the full entry, PIMCO and Carlyle.⁠[3]

On March 4, 2025, CoreWeave announced that it would acquire the AI developer platform Weights & Biases for about $1.7 billion; the platform said it was relied on by more than 1,400 organizations and used by over 1 million AI engineers.⁠[4]

On March 10, 2025, CoreWeave announced an AI infrastructure contract with OpenAI worth up to $11.9 billion; as part of the deal, OpenAI received $350 million of newly issued CoreWeave stock.⁠[5]

On March 27, 2025, CoreWeave priced its initial public offering of 37.5 million shares of Class A common stock at $40 per share, raising $1.5 billion; the shares began trading the next day on the Nasdaq Global Select Market under the ticker CRWV, with Morgan StanleyMorgan StanleyMorgan Stanley is an American global financial services firm that grew from an investment banking partnership into a publicly traded financial group spanning investment banking, securities trading, wealth management, and investment management.Open the full entry, J.P. Morgan and Goldman SachsGoldman SachsGoldman Sachs is an American financial services group headquartered in New York whose businesses include investment banking, securities trading, asset management, and wealth management. It traces its origins to the commercial paper business Marcus Goldman founded in 1869; it listed on the New York Stock Exchange in 1999 under the ticker GS and became a bank holding company in 2008. David Solomon serves as chairman and chief executive officer.Open the full entry as joint lead bookrunners.⁠[6]

Demand at the original range of $47 to $55 was weak and the offering was scaled back, with Nvidia stepping in to buy shares at $40; the listing was the largest U.S. venture-backed tech IPO since 2021.⁠[1]

CoreWeave announced on May 5, 2025 that it had completed its acquisition of Weights & Biases. That month its agreement with OpenAI was expanded by up to $4 billion.⁠[7][8]

On July 7, 2025, CoreWeave announced an all-stock agreement to acquire Core Scientific, exchanging 0.1235 CoreWeave Class A shares for each Core Scientific share, for an implied equity value of about $9.0 billion; the deal would have given it about 1.3 GW of gross power and was expected to close in the fourth quarter of 2025.⁠[9]

On September 3, 2025, CoreWeave announced the acquisition of OpenPipe, a platform for building AI agents with reinforcement learning; terms were not disclosed.⁠[10]

On September 25, CoreWeave announced a further agreement with OpenAI worth up to $6.5 billion, bringing the total contract value with OpenAI to about $22.4 billion. On September 30, CoreWeave signed a compute agreement with MetaMetaMeta (Meta Platforms, Inc.) is a publicly listed American technology company, renamed from Facebook in 2021, that operates social communication, digital advertising, virtual reality, smart glasses and artificial intelligence businesses.Open the full entry worth up to $14.2 billion that runs through December 2031 and can be extended into 2032.⁠[8][11]

CoreWeave announced on October 6, 2025 that it would acquire Monolith AI Limited, a company applying artificial intelligence to physics and engineering problems, and on October 30 announced a definitive agreement to acquire Marimo Inc., developer of the open-source Python notebook marimo; terms of both deals were not disclosed.⁠[12][13]

On October 30, 2025, Core Scientific stockholders failed to approve the merger with CoreWeave and the agreement was terminated; Michael Intrator said the company respected the stockholders’ views and would continue the commercial partnership.⁠[14]

On January 26, 2026, Nvidia bought $2 billion of CoreWeave Class A common stock at $87.20 per share, and the two companies announced a deeper collaboration under which CoreWeave plans to build more than 5 gigawatts of “AI factories” by 2030 and deploy multiple generations of Nvidia infrastructure, including the Rubin platform.⁠[15]

On April 15, 2026, trading firm Jane Street committed about $6 billion to CoreWeave’s AI cloud platform and made a $1 billion equity investment in CoreWeave Class A common stock at $109 per share.⁠[16]

On June 12, 2026, CoreWeave announced that it would join the Nasdaq-100 Index before the market opened on June 22, about 15 months after its IPO.⁠[17]

CoreWeave reported second-quarter 2026 revenue of $2,575 million, up from $1,212 million a year earlier; as of June 30 its revenue backlog was about $104 billion, active power had grown by nearly 500 MW to 1.5 GW, and contracted power was about 3.7 GW.⁠[18]

The company said it added more than $25 billion of net new customer commitments early in the third quarter, with new customers including Bentley Systems, Caterpillar and Isomorphic Labs.⁠[18]

As of October 2026, CoreWeave trades on Nasdaq under the ticker CRWV, co-founder Michael Intrator is chairman and chief executive officer, and the company’s address is in Livingston, New Jersey.⁠[17][2]

CoreWeave: Official website: https://www.coreweave.com/ (opens in a new window)⁠[2]

CoreWeave Investor Relations: Official website: https://investors.coreweave.com/ (opens in a new window)⁠[14]

X: Official account: https://x.com/CoreWeave (opens in a new window)⁠[2]

LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry: Official account: https://www.linkedin.com/company/coreweave (opens in a new window)⁠[2]