Take out a $2.3 billion loan using Nvidia accelerators as collateral.

The company has a close relationship with Nvidia

Nvidia’s AI accelerators have become such a valuable asset that they’ve been accepted as collateral for loans. 

Take out a $2.3 billion loan using Nvidia accelerators as collateral.

Cloud services company CoreWeave has secured $2.3 billion in funding using its Nvidia H100 accelerators as collateral, which now far outstrips supply. 

CoreWeave is in a very close relationship with Nvidia, so it has more opportunities to buy products from the company. The money CoreWeave plans to invest in the construction of a new data center in Texas. Apparently, with the same Nvidia H100 at the core.