CoreWeave revenue doubles to $2.58 billion
CoreWeave shares jumped 11% in extended trading after the company reported revenue that topped expectations.
The company’s revenue climbed 112% during the quarter from a year earlier.
Net loss of $626 million increased from $290 million, or 60 cents per share, a year ago.
The company’s revenue backlog now stands at $104 billion, with 1.5 gigawatts of contracted power.