CoreWeave
2022–2023
CoreWeave was operating three data centers in 2022, all in the United States. In the summer of 2022, the company invested heavily in Nvidia's latest and fastest H100) chips, spending around $100 million on the purchases. CoreWeave launched an accelerator program in October 2022, which gives startup companies "compute credits in addition to discounts and other hardware resources on the CoreWeave cloud." As the market demand for AI processing increased in 2022 and 2023, CoreWeave, which had unique access to Nvidia GPUs, saw its business jump considerably. With CoreWeave signing clients such as Stability AI, CoreWeave continued to buy chips and build out new data centers, with its data center technicians installing 6,000 miles of fiber-optic cabling in 2023. In April 2023, Nvidia invested $100 million in CoreWeave. The company was valued around $2 billion by May 2023. In August 2023, CoreWeave secured a $2.3 billion debt financing facility led by Magnetar Capital and Blackstone by using Nvidia's H100) GPUs as collateral. The deal marked the first time that H100-based hardware had been used as collateral, which attracted some note in the business press.
Cloud platform and software
The Coreweave Cloud Platform consists of infrastructure built on a Kubernetes-native architecture, designed to support large-scale, GPU-intensive tasks. CoreWeave's cloud-based infrastructure is specifically designed for AI use cases, such as developers building AI applications. Its Mission Control software allows customers to control and verify the performance of the hardware components they're utilizing.
Data centers
CoreWeave has its own data centers operating in both the United States and Europe. In 2025, it had 32 data centers, with a total of 250,000 GPUs. This was a significant growth from 2024, when the company had thirteen data centers across the United States and two in the United Kingdom. It opened a headquarters in London in 2024, as well as two UK data centers. Also in 2024, CoreWeave signed a lease to build a $1.2 billion data center in a 280,000 sq ft space at the Northeast Science and Technology Center in Kenilworth, New Jersey.
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