"delivered an exceptional third quarter, setting new records for revenue"
"as a trusted strategic partner to the world's largest technology companies."
CoreWeave generated $1.36 billion in Q3 revenue, up 134% year over year, produced $51.9 million in operating income, and held a revenue backlog above $55 billion. Applied Digital reported $64.2 million in Q1 2026 revenue, an 84% year-over-year increase, including $26 million from tenant fit-out services, but posted a $27.8 million operating loss. Applied secured a new 150 MW lease with CoreWeave at Polaris Forge 1 and began Polaris Forge 2 construction with $50 million in secured funding. CoreWeave deepened hardware access via a $6.3 billion NVIDIA collaboration and launched CoreWeave Ventures to support AI customers.
Read at 24/7 Wall St.
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