CoreWeave Watch posted an update
The founder of GMI Cloud has called the 15% yield on CoreWeave bonds “insane”, Bloomberg reports. He compared it with the roughly 3.45% rate GMI Cloud secured on a recent loan denominated in Taiwan dollars.
Why it mattersThat is a striking comparison from a rival AI-computing cloud provider, but the borrowing costs are not directly like-for-like: one figure concerns bonds, the other a loan in a different currency. It adds a pointed industry perspective to the debate over how CoreWeave finances its expansion.
Discuss: How much weight should investors give a rival cloud provider’s borrowing-cost comparison when judging CoreWeave’s debt, given the different currencies and types of financing?
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