Global marketsUpdated 2h ago

CoreWeave CEO says it will stop using unsecured borrowing

Semafor reports that CoreWeave isn't generating enough cash from its business to cover roughly $41 billion in net debt. In a blog post, CEO Michael Intrator said the company would no longer turn to unsecured borrowing to fund its business. He also said it would calibrate investment to demand, regulatory conditions, and the availability of money.

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