~$9B customer prepayments and deposits expected in next three months
Company: CoreWeave
The claim, verbatim
CEO Michael Intrator said growth is supported by contract-backed financing, operating cash flow, and approximately $9 billion in customer prepayments and deposits expected in the next three months.
Source (primary)
Applied Digital Rallies 8% as CoreWeave's Results Revive the AI Data Center Trade; Cipher Digital Jumps 10%, IREN Surges 9% - 24/7 Wall St. (-, news_article)
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Quote: “approximately $9 billion in customer prepayments and deposits expected in the next three months alone”
How we checked this
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Additional evidence
confirms Applied Digital Rallies 8% as CoreWeave's Results Revive the AI Data Center Trade; Cipher Digital Jumps 10%, IREN Surges 9% - 24/7 Wall St.
Quote: “approximately $9 billion in customer prepayments and deposits expected in the next three months alone”
confirms CoreWeave stock surges as Q3 revenue beats estimates, company raises full-year outlook - Yahoo Finance
Quote: “The company highlighted $9 billion in customer prepayments and deposits expected in the next three months”
confirms CoreWeave Delivers “Ahead of Plan.” Galaxy Has Over $1 Billion a Year Riding on It - TIKR.com
Quote: “In the next 3 months alone, we will collect approximately $9 billion in prepayments and deposits from signed customer contracts.”