Nvidia-backed startup CoreWeave secured a $650 million credit line to expand its data centers. CoreWeave raised over $12 billion over the past eighteen months in equity and debt financing. The nearly $1 billion round in May valued the company at $19 billion. By the end of 2024, it plans to operate twenty-eight data centers globally, with ten more scheduled for 2025. CoreWeave provides GPUs to firms like Microsoft and Mistral. Goldman Sachs, JPMorgan Chase, and Morgan Stanley led the financing.