Brendan Mcdermid | Reuters
The company said in a release that the notes, due in 2031, will use the capital for general purposes, such as paying off debt.
In May, the company announced a $2 billion debt offering plan that sent shares soaring 19%. At the time, CNBC confirmed that the debt was five times oversubscribed. Last week, Coreweave shares rallied after the company announced a $6 billion AI data center project in Pennsylvania.
CoreWeave, whose biggest clients include Nvidia and Microsoft, has more than tripled in share price since its March debut on the Nasdaq.
Some investors have raised concerns about the company’s debt and the sustainability of demand for its products. In May, CEO Michael Intrator defended CoreWeave’s spending plans and said it is meeting major client “demand signals.”
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