CoreWeave Reports Near-100% Cloud Capacity Usage Amid $640M Quarterly Interest Burden.
CoreWeave Reports Surging Cloud Revenue as Legacy GPUs Stay Booked Through 2029 AI-focused specialized cloud provider CoreWeave announced strong earnings performance, reporting that customer demand has left its compute capacity nearly fully sold out. Highlighting the longevity of AI hardware infrastructure, CoreWeave revealed that its inventory of NVIDIA A100 GPUs originally launched in 2020 has been fully locked in by client contracts extending all the way through 2029 . Beyond older architectures, CoreWeave continues to see sustained utilization across its NVIDIA Hopper architecture fleet. As initial multi-year contracts for Hopper hardware reached their expiration dates, the ongoing global AI compute shortage enabled the company to re-lease these units at higher rental prices than their original rates. Despite strong returns on legacy chips, CoreWeave co-founder Michael Intrator noted that next-generation architectures like Blackwell and Vera Rubin deliver significantly hi...