CoreWeave Plans U.S. IPO

Artificial intelligence (AI) firm CoreWeave is planning to file for a public listing in the U.S. within a week, according to a Bloomberg report.

The cloud computing firm aims to raise around $4 billion from the listing, seeking a valuation of over $35 billion. CoreWeave was not immediately available for comment.

On Wednesday, bitcoin mining firm Core Scientific and CoreWeave announced plans for a $1.2 billion data center expansion in Texas.

CoreWeave’s IPO plan continues a trend of U.S. listings by crypto-related firms, including Blockchain.com, BitGo, Gemini, and eToro.