CoreWeave's third-quarter revenue reached $3.7 billion, up 168% year-over-year.
Original headlineCoreWeave 第三季度营收达 37 亿美元，同比增长 168%
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CoreWeave reported third-quarter revenue of $3.7 billion, up 168% year-over-year, with adjusted operating income of $379 million that significantly exceeded its prior guidance. The AI cloud infrastructure provider said its adjusted operating margin reached double digits one quarter ahead of schedule. As of the third quarter, CoreWeave had more than 1.7 gigawatts of operational power capacity, double its level at the start of the year. The company also secured roughly $9 billion in customer prepayments and deposits during the quarter. The results underscore surging demand for AI compute capacity and the scale of customer commitments backing CoreWeave's buildout; watch for how quickly that contracted demand converts into revenue as capacity expands.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
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