Cloud computing provider CoreWeave submits IPO application, plans to raise $4 billion

BlockBeats News: On March 4th, according to CoinDesk, cloud computing provider CoreWeave submitted its initial public offering (IPO) application today. The company is expected to raise $4 billion with a valuation of over $35 billion. According to the documents, the company's revenue in 2024 was $1.9 billion, but due to its investment in the field of artificial intelligence, it incurred a net loss of $863 million. At present, the company has accumulated losses of $1.5 billion. CoreWeave was originally named Atlantic Crypto and was founded in 2017, initially providing infrastructure for Ethereum mining. As the price of digital currencies declines, the company has acquired more GPUs and renamed itself CoreWeave, gradually shifting its focus to the fields of graphics rendering and artificial intelligence (AI).