TechFlow news — On February 27, according to CoinDesk, artificial intelligence cloud computing company CoreWeave plans to file for an initial public offering (IPO) in the United States within a week. Bloomberg, citing sources familiar with the matter, reported that the company aims to raise around $4 billion through its IPO, targeting a valuation of over $35 billion.
Just this Wednesday, CoreWeave announced plans to jointly invest $1.2 billion with bitcoin mining firm Core Scientific to expand data centers in Texas. CoreWeave has not yet issued an official comment on its IPO plans.
Analysts noted that CoreWeave’s IPO plan is the latest example of a recent trend of crypto-related companies pursuing U.S. listings. Previously, multiple cryptocurrency firms including Blockchain.com, BitGo, Gemini, and eToro have either announced or completed their U.S. listing plans.
