Ethereum mining company CoreWeave completes $221 million Series B funding at a $2 billion valuation, led by Magnetar Capital

2023-04-20 20:49:11

Collection

ChainCatcher news, cloud service provider and Ethereum mining company CoreWeave announced the completion of a $221 million Series B funding round, led by Magnetar Capital, with participation from Nvidia, former GitHub CEO Nat Friedman, and former Apple executive Daniel Gross. Magnetar contributed $111 million, with the remaining investment shared among Nvidia, Friedman, and Gross. A spokesperson for Nvidia stated that this investment represents a "deepening" of its partnership with CoreWeave.

CoreWeave CEO Mike Intrator stated that this funding round gives CoreWeave a pre-money valuation of $2 billion, bringing the company's total funding to $371 million, which will be used to support CoreWeave's expansion of data centers in the U.S., with two new centers set to open this year. CoreWeave currently operates 5 data centers in North America. (source link)

Related tags

CoreWeave investment and financing

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.