CoreWeave expects approximately $9 billion in customer prepayments and deposits

CoreWeave expects approximately $9 billion in customer prepayments and deposits over the next three months, management said on its third-quarter earnings call, Yahoo Finance reported. More than $3 billion would relate to existing infrastructure requiring no additional capital expenditure. Management expects secured lending, customer prepayments and operating cash flows to fund most capital requirements through 2027. Incremental capital requirements at the parent company should remain below $5 billion through 2027, chief financial officer Nitin Agrawal said. Management ruled out issuing additional unsecured debt at prevailing yields.