CoreWeave Reaches Profitability as Applied Digital Technology Burns Cash in Data Center Construction

CoreWeave Reaches Profitability as Applied Digital Technology Burns Cash in Data Center Construction

Wall Street 24 hours a day, 7 days a week. Applied Digital (APLD) posted $64.2 million in Q1 revenue with 84% growth, while CoreWeave (CRWV) posted $1.36 billion in Q3 revenue with 134% growth. CoreWeave generated $51.9 million in operating income and doubled its backlog to $55 billion. Applied Digital lost $27.8 million operationally. Applied…

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