CoreWeave secures $8.5 billion loan to expand AI infrastructure

A screen displays the company logo for CoreWeave, Inc., Nvidia-backed cloud services provider, during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. REUTERS/Brendan McDermid

March 31 (Reuters) - ⁠Cloud infrastructure firm CoreWeave has secured $8.5 ⁠billion in financing through a ‌delayed-draw term loan facility to expand its artificial intelligence cloud platform, as demand for computing ​power continues to surge.

This ⁠brings the total ⁠equity and debt financing commitments secured by ⁠CoreWeave ‌in the past 12 months to about $28 billion.Here ⁠are details from the company's statement on ​Tuesday:

(Reporting ​by Harshita Mary Varghese in Bengaluru; Editing by Jonathan Ananda)