In its third-quarter results, CoreWeave said it expects about $9bn in customer prepayments and deposits over the next three months and will avoid unsecured debt at current yields. It reported a $132.5bn backlog and said it raised prices by about 25% in July and a further 10% later in the quarter. Short-term capacity is reportedly selling above $40m per megawatt per year, against $20m to $25m for new four and five year contracts. For teams renting GPU capacity, this points to dearer short-term compute and more pressure to commit or pay up front.
