$CRWV is raising another $3B through convertible debt, with an additional $500M potentially coming in, while also opening an ATM program for up to 35M shares. I understand why CoreWeave needs capital. AI infrastructure isn't cheap to build. But as an investor, I’m watching the other side of the equation too: debt, dilution, and whether all this spending eventually turns into stronger cash flow. The AI demand is real. Now I want to see the economics behind it.
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