Magnetar Financial sells Coreweave (CRWV) stock worth $26.8 million

Specifically, the transactions involved multiple sales. These sales altered the holdings of shares held directly by Magnetar Capital Master Fund, Ltd., Magnetar Constellation Master Fund, Ltd., Magnetar Lake Credit Fund LLC, and Magnetar SC Fund Ltd. With CoreWeave’s market capitalization now at $71 billion and its next earnings report scheduled for November 12, investors can access comprehensive analysis and additional insights through InvestingPro’s detailed research reports. With CoreWeave’s market capitalization now at $71 billion and its next earnings report scheduled for November 12, investors can access comprehensive analysis and additional insights through InvestingPro’s detailed research reports.

Specifically, the transactions involved multiple sales. These sales altered the holdings of shares held directly by Magnetar Capital Master Fund, Ltd., Magnetar Constellation Master Fund, Ltd., Magnetar Lake Credit Fund LLC, and Magnetar SC Fund Ltd.

In other recent news, CoreWeave announced the appointment of Jon Jones as its first Chief Revenue Officer. Jones brings over two decades of technology leadership experience, previously serving as Global Head of Startups and Venture Capital at Amazon. In a significant development, CoreWeave secured a partnership with Poolside to provide over 40,000 GPUs, a deal that Evercore ISI estimates could add approximately $5 billion to CoreWeave’s backlog. This partnership is expected to potentially increase the company’s total backlog to over $55 billion. CoreWeave is also planning to build a massive AI data center in West Texas in collaboration with AI startup Poolside. The facility, named "Horizon," will be powered by natural gas from the Permian Basin and will have a computing capacity equivalent to the Hoover Dam’s electric generation. Additionally, CoreWeave launched Serverless RL, a new platform for reinforcement learning, which promises faster training times and lower costs. This launch marks the first collaboration between CoreWeave and its recent acquisition, OpenPipe.

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