CoreWeave, a cloud provider of GPU-accelerated workloads, secured a $2.3 billion debt facility led by Magnetar Capital and Blackstone, collateralized by Nvidia chips. The funds will be used to expand infrastructure, purchase graphics processing units, open new data centers, and hire. CoreWeave also raised $421 million in equity funding led by Magnetar Capital. With over $400 million in new funding and a $1.6 billion data center in Texas, CoreWeave is poised to make billions off the generative AI boom with its GPU cloud.

CoreWeave's AI Cloud Expansion