CoreWeave (CRWV.O) is preparing a chip‑collateralized loan worth tens of billions of dollars to finance NVIDIA chips and other compute equipment for a contract with an unnamed investment‑grade client, the FT reports. The loan’s interest cost is expected around 7%-7.5%, roughly less than half the company’s recent unsecured bond yields, which exceed 15% in the public market. CEO Michael Intrator told analysts such secured financing could cover 70%-100% of financed equipment costs depending on the

CoreWeave (CRWV.O) is preparing a chip‑collateralized loan worth tens of billions of dollars to finance NVIDIA chips and other compute equipment for a contract with an unnamed investment‑grade client, the FT reports. The loan’s interest cost is expected around 7%-7.5%, roughly less than half the company’s recent unsecured bond yields, which exceed 15% in the public market. CEO Michael Intrator told analysts such secured financing could cover 70%-100% of financed equipment costs depending on the client. CoreWeave also expects about $9 bln of customer prepayments and deposits over the next three months and will seek more similar funding.