CoreWeave Seeks $2 Billion Boost to Power Its AI Expansion

Crypto News AI

Written by Aaron S.,

Editor-In-Chief

Last Updated: December 09, 2025

Key Takeaways

CoreWeave plans to raise $2 billion through convertible senior notes maturing in 2031, with an extra $300 million purchase option;
Funds will support general operations and capped-call deals to limit shareholder dilution upon note conversion;
Once a crypto miner, CoreWeave now runs more than 33 AI-focused data centers; its $9 billion bid for Core Scientific was recently rejected.

Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁

CoreWeave Seeks $2 Billion Boost to Power Its AI Expansion

BITDEGREE IN YOUR SOCIAL FEED

CoreWeave, an artificial intelligence (AI) infrastructure company, announced on December 8 that it aims to raise $2 billion through a private sale of convertible senior notes, which will mature in 2031.

According to the company's press release, buyers of these notes have also been granted an option to purchase up to an additional $300 million in such notes.

Funds collected from this initiative are planned for use in general business purposes and for executing capped-call transactions.

What is DeFi in Crypto? (Explained with Animations)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

The company explained that these transactions are designed to help reduce the potential impact on shareholders if the notes are later converted into equity.

Previously operating as Atlantic Crypto in 2017, CoreWeave concentrated on GPU mining for Ethereum ETH $3,120.47 during its early days. After two years, the focus shifted to cloud and high-performance computing, which soon moved primarily to AI-related tasks.

Today, CoreWeave manages more than 33 data centers that primarily serve AI applications.

An effort by CoreWeave to purchase Core Scientific in a proposed deal valued close to $9 billion was recently declined by Core Scientific's shareholders.

This bid, which lasted over a year and began in June 2024, would have given CoreWeave access to about 1.3 gigawatts of electricity capacity for its future growth plans.

Bitfury, known for its Bitcoin mining company, recently announced its plans to shift its focus to become an investment firm. What did the company say? Read the full story.