Debt raised to fund infrastructure and contracted customer commitments
Company: CoreWeave
The claim, verbatim
CFO Nitin Agrawal said increased debt is being taken on to support continued infrastructure scaling and delivery of contracted customer commitments.
Source (primary)
CoreWeave Stock Lost Over a Third of Its Value in the Past Year. Here’s What Analysts Expect Next - TIKR.com (-, news_article)
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Quote: “driven by increased debt to support the continued scaling of our infrastructure and delivery of our contracted customer commitments”
How we checked this
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Additional evidence
confirms CoreWeave Stock Lost Over a Third of Its Value in the Past Year. Here’s What Analysts Expect Next - TIKR.com
Quote: “driven by increased debt to support the continued scaling of our infrastructure and delivery of our contracted customer commitments”