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CoreWeave: From Crypto Miner to AI Cloud, and Why the Stock Fell 67%
Oct 18, 2026
CoreWeave went public at $40 in March 2025 and closed at $183.58 three months later. By October 16, 2026 it was at $61.39, down 67% from that peak. Here is the story: an Ethereum miner turned AI cloud, sales from $229 million to $5.1 billion, debt from $7.9 billion to $35 billion, and the days the stock fell hardest.
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