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Date: 2025-02-27 05:53:02
The artificial intelligence (AI) company, CoreWeave, is reportedly preparing to file for an initial public offering (IPO) in the United States within the next week, as stated in a Bloomberg report.
The cloud computing enterprise aims to generate approximately $4 billion from the offering, according to the report, which cited sources privy to the matter. CoreWeave is reportedly targeting a valuation of more than $35 billion, the report continued. The company was not readily available to provide a comment.
On Wednesday, Core Scientific, a bitcoin mining firm, and CoreWeave announced their plans to expand their data center in Texas, with an investment of $1.2 billion.
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CoreWeave's intention to go public follows a trend of U.S. listings by crypto-related companies, such as Blockchain.com, BitGo, Gemini, and eToro.
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