Record Revenue and Adjusted Operating Income
CoreWeave reported record revenue of $982 million and a record adjusted operating income of $163 million, reflecting a year-on-year growth of 420% and 550% respectively.
Strategic Deal with OpenAI
CoreWeave completed a strategic deal with OpenAI with a contract value up to $11.9 billion.
Acquisition of Weights & Biases
CoreWeave announced and completed the acquisition of Weights & Biases, adding over 1,400 customers and enhancing its AI developer platform.
Expansion in Data Center Capacity
In Q1, CoreWeave added approximately 300 megawatts of incremental contracted power to its portfolio, expanding its data center capacity.
Strong Revenue Backlog Growth
The revenue backlog increased to $25.9 billion, up 63% year-over-year, not including a $4 billion expansion deal signed in Q2.