CoreWeave Launches AI Venture Fund, CRWV Stock Rises on Bitcoin Miner Deal

CoreWeave, a cloud infrastructure specialist for AI workloads, has launched CoreWeave Ventures, an AI venture fund designed to back early-stage startups with both capital and compute resources. The fund will make seven- to nine-figure investments, offer compute-for-equity deals and provide enterprise network support. Initial commitments include reinforcement learning startup OpenPipe and accelerator partner Moonvalley. Following the announcement, CoreWeave’s stock (CRWV) jumped 4.67% to trade between $97.05 and $103.89. The launch aligns with a $19.4 billion cloud deal between Nebius and Microsoft and precedes CoreWeave’s planned $9 billion stock acquisition of bitcoin miner Core Scientific. In Q2, CoreWeave reported $1.2 billion in revenue and a net loss of $291 million as it expanded its high-performance computing capacity. Year-to-date, CRWV has gained 144.8%, driven by partnerships with OpenAI and Nvidia. By combining a new AI venture fund with strategic acquisitions, CoreWeave aims to accelerate AI innovation while boosting future infrastructure demand.