CoreWeave Eyes $4B IPO Amid Crypto-Driven Cloud Boom

CoreWeave, a leading AI-focused cloud computing firm, is reportedly preparing for a U.S. public listing within the next week, aiming to raise around $4 billion. According to Bloomberg, the company is targeting a valuation exceeding $35 billion. CoreWeave has yet to comment on the report.

This move follows a surge in IPO activity among crypto and blockchain firms, including Blockchain.com, BitGo, Gemini, and eToro. As demand for AI-driven cloud infrastructure grows, CoreWeave is positioning itself at the forefront of this expanding sector.

In a related development, CoreWeave and bitcoin mining giant Core Scientific recently announced a $1.2 billion data center expansion in Texas. This investment highlights the increasing convergence between AI, cloud computing, and crypto mining.

CoreWeave's IPO could mark one of the most significant public offerings in the AI and cloud space this year, underscoring the sector’s rapid growth. As investors watch closely, the listing could serve as a major indicator of market sentiment toward AI-driven cloud services.

Stay tuned for more updates on CoreWeave’s IPO and the evolving landscape of AI and blockchain technology.