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BTCC / BTCC Square / Global Cryptocurrency /
CoreWeave Shares Drop After Data Center Delay Lowers Revenue Forecast

CoreWeave Shares Drop After Data Center Delay Lowers Revenue Forecast

Author:
Global Cryptocurrency
Published:
2025-11-11 18:56:02
8
1
BTCCSquare news:

CoreWeave's stock (CRWV) plummeted following CEO Mike Intrator's disclosure of a third-party data center delay, forcing a downward revision of annual revenue projections. The bottleneck occurred at a single provider operating multiple facilities—reportedly linked to Core Scientific (CORZ), a former acquisition target of CoreWeave.

JPMorgan analyst Mark Murphy pressed for confirmation during the earnings call, but Intrator sidestepped naming the partner. Despite the setback, management emphasized swift Q3 mitigation efforts and maintained confidence in its contract backlog stability.

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