PRIVATE (CRWV) · Roseland, New Jersey

CoreWeave

From Ethereum miners to AI supercomputing royalty. The undisputed leader of the specialized neocloud movement.

Founded 2017

By Michael Intrator, Brian Venturo, Brannin McBee

Live Price

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Today

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Symbol

PRIVATE (CRWV)

2017

The crypto arbitrage beginnings

CoreWeave was founded in 2017 not as an AI company, but as an Ethereum mining operation operating out of a garage. When crypto markets crashed during the "crypto winter," the founders realized their thousands of GPUs were better suited for high-performance computing, rendering, and early machine learning workloads.

2023

The Nvidia backing and the GPU collateral breakthrough

CoreWeave made history by becoming one of Nvidia’s premier elite cloud partners, securing early access to tens of thousands of sought-after H100 chips. In an extraordinary financial maneuver, CoreWeave raised a $2.3 billion debt facility secured entirely by its Nvidia GPUs, proving that AI hardware could be collateralized like real estate.

2025

Cisco, BlackRock enjections and the $23B valuation

By 2025, CoreWeave raised additional debt and equity rounds backed by Cisco, BlackRock, and Magnetar, pushing its valuation past $23 billion. The company expanded its gigawatt footprint across North America and Europe, signing multi-billion dollar compute supply contracts with Microsoft, Inflection, and OpenAI.

2026

Pre-IPO juggernaut powering the frontier models

In mid-2026, CoreWeave solidified its position as the largest independent specialized AI cloud on Earth, operating over 30 mega-data centers globally. With annual revenue surpassing $2.8 billion, the company stands at the very front of the technology IPO pipeline.

The Numbers

market cap Private (~$25.0B Valuation)

revenue $2.8B (FY2025)

net income Cash flow positive on core operating clusters

employees 1,100

ipo year Private (Expected Late 2026 / Early 2027 IPO)

ipo price Private

current ceo Michael Intrator

revenue forecast $4.1B (2026 internal target)

Who Owns CoreWeave

Magnetar Capital

Primary early institutional debt and equity investor

~24.5%

Founders (Intrator, Venturo, McBee)

Retain substantial operational control and equity

~22.0%

Nvidia Corporation

Strategic minority shareholder and core hardware supplier

~6.5%

BlackRock & Institutional Syndicate

Key capital providers for data center expansion

~18.0%

Private Float / Option Pool

Allocated for secondary investors and employee shares

~29.0%

Frequently Asked Questions

Who founded CoreWeave?

CoreWeave was founded by Michael Intrator, Brian Venturo, Brannin McBee.

When was CoreWeave founded?

CoreWeave was founded in 2017.

Where was CoreWeave founded?

CoreWeave was headquartered in Roseland, New Jersey.

Why was CoreWeave created?

What does CoreWeave do?

From Ethereum miners to AI supercomputing royalty. The undisputed leader of the specialized neocloud movement. CoreWeave evolved from crypto mining to a $25B AI neocloud superpower backed by Nvidia and BlackRock. The full story of CoreWeave, its GPU collateral model, and IPO pipeline.

How did CoreWeave grow?

Who owns CoreWeave?

Magnetar Capital owns ~24.5%. Founders (Intrator, Venturo, McBee) owns ~22.0%. Nvidia Corporation owns ~6.5%. BlackRock & Institutional Syndicate owns ~18.0%. Private Float / Option Pool owns ~29.0% (Primary early institutional debt and equity investor)

How much of CoreWeave does Magnetar Capital own?

Magnetar Capital owns ~24.5% (Primary early institutional debt and equity investor)

When did CoreWeave go public?

CoreWeave had its IPO in Private (Expected Late 2026 / Early 2027 IPO), with an initial share price of Private.

How many employees does CoreWeave have?

CoreWeave has approximately 1,100 employees.

What is CoreWeave's revenue?

CoreWeave generated $2.8B (FY2025) in revenue. Analysts forecast $4.1B (2026 internal target).

What is CoreWeave's market cap?

CoreWeave has a market capitalisation of Private (~$25.0B Valuation).

Who is the CEO of CoreWeave?

The current CEO of CoreWeave is Michael Intrator.

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