CoreWeave Expands Capacity at Galaxy Data Center, Bolstering Investor Confidence | CRWV Stock News

2 days ago

CoreWeave (CRWV, Financial) has taken a significant step by exercising its first option to secure an additional 260 megawatts of power capacity at Galaxy Digital's (BRPHF) Helios data center campus. This move increases the total incremental capacity by approximately 470 megawatts since the initial S-1 filing.

Barclays has commented on this development, describing it as "positive news" for CoreWeave (CRWV, Financial). The expansion is seen as a reassurance for investors who had concerns about the company's ability to contract additional capacity and expand its operational footprint. Barclays maintains an Overweight rating for CoreWeave, setting a $48 price target, indicating strong confidence in the company's future growth prospects.

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