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Shares of the neocloud were down more than 2% in premarket trading. Through the last close, they have gained over 16% so far this year. For live updates on US Markets, click here Here are some more details: Initial buyers of the debt may purchase up to an additional $500 million. CoreWeave said it would use some of the money to protect against dilution and the rest would fund its operations. It also launched an at-the-market stock sale program for up to 35 million shares, potentially raising about $2.92 billion at Wednesday's closing price, though it will determine whether to sell shares based on market conditions. The ATM program, managed by Deutsche Bank, Goldman Sachs, J.P. Morgan and others, is part of CoreWeave's effort to move toward an investment-grade credit profile. In the third quarter, CoreWeave said it signed short-term customer contracts for compute capacity priced at about $40 million per megawatt on an annualized basis. It increased contracted power to about 4.2 gigawatts from 3.7 GW at the end of June. In August, the company reported revenue backlog of $104.2 billion in the second quarter, later disclosing more than $25 billion in additional customer commitments signed early in the third quarter. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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