CoreWeave, Inc. 

CRWV Price

What is CoreWeave (CRWV)?

CoreWeave, Inc. (Nasdaq: CRWV) is an American AI hyperscaler renting GPU cloud infrastructure purpose-built for large-scale generative-AI workloads — and its Class A shares now trade on crypto venues as tokenized stock and perpetual futures. The company listed on Nasdaq on March 28, 2025, pricing its IPO at $40.00 per share. Traders who search "CRWV" on crypto platforms encounter wrappers of this Nasdaq equity, not a native token. Microsoft, OpenAI and NVIDIA count among CoreWeave's customers and counterparties.

Is CoreWeave a cryptocurrency?

No. CoreWeave is a publicly traded company, and CRWV is the Nasdaq ticker for its Class A common stock — not a coin or token. The equity has no on-chain contract and no fixed maximum supply; share count changes only through corporate actions and new issuance. Crypto-market CRWV instruments — a Reality Protocol rToken on Bitget and perpetual futures on venues including Binance Futures and Hyperliquid — derive their value from the Nasdaq-listed share, not from any tokenomics.

What is CRWV tokenized stock?

CRWV tokenized stock is a wrapper that packages price exposure to CoreWeave's Nasdaq-listed Class A share into an asset tradable on crypto venues. Per DropsTab data, the tracked spot instrument is RCRWV/USDT on Bitget — a Reality Protocol rToken pegged 1:1 to the underlying share, with custody by the issuer and 24/7 trading. Crypto.com Exchange lists a separate CRWV/USD spot pair; its wrapper issuer is not determinable from the ticker alone. Wrappers from different issuers are not interchangeable.

Can you trade CoreWeave stock on Hyperliquid?

Yes. Hyperliquid runs a CoreWeave perpetual-futures market under the ticker XYZ:CRWV-USD. This market is a HIP-3 builder-deployed perp, deployed by the "xyz" builder, and carries no wrapper issuer — traders hold a leveraged position referencing the equity, not a tokenized share. Per DropsTab data, Hyperliquid is one of 10+ crypto venues listing CoreWeave markets, alongside Binance Futures, OKX Futures, Bybit and Gate.io Futures.

How do you trade CoreWeave 24/7 — perps or tokenized spot?

Two routes exist. Tokenized spot: the RCRWV/USDT rToken on Bitget tracks the share 1:1 and trades around the clock. Perpetual futures: CRWV perps on major venues including Binance Futures, OKX and Hyperliquid give leveraged exposure, with funding rates applied to open positions. Perp prices can carry a premium or discount to the Nasdaq close outside regular trading hours, because the underlying equity market is closed while perps keep trading. No DEX venues track CoreWeave — crypto access runs through centralized venues or Hyperliquid.

What does CoreWeave the AI GPU cloud company do?

CoreWeave rents GPU cloud infrastructure purpose-built for large-scale generative-AI workloads. The company was founded in 2017 as Atlantic Crypto Corp. and initially mined Ethereum. As mining economics declined, founders Michael Intrator, Brian Venturo and Brannin McBee pivoted the same GPU fleet to high-performance cloud computing and rebranded as CoreWeave. This crypto origin explains why a Nasdaq equity appears on crypto trading venues today.

Who backed CoreWeave before its IPO?

Magnetar, Blackstone, Coatue and Fidelity Management & Research backed CoreWeave across private rounds, per company press releases. The $1.1B Series C in May 2024 was led by Coatue with Magnetar, Altimeter Capital, Fidelity and Lykos Global Management. Blackstone and Magnetar co-led a $7.5B debt facility in May 2024 — described by the company as one of the largest private financings in history. The IPO raised roughly $1.5B gross at $40.00 per share in March 2025.

What are the risks of trading CRWV on crypto venues?

Two risk layers apply. Instrument risk: liquidity is split across wrappers with different issuers and custody — the Bitget rToken, Ondo's CRWVon, Robinhood's offering and the Hyperliquid HIP-3 perp are separate instruments, not interchangeable, and perps trade at premium or discount to the Nasdaq close outside market hours. Business risk: CoreWeave's expansion is heavily debt-financed, and Microsoft was reported as its largest customer, concentrating revenue in a single account.

Did CoreWeave acquire Core Scientific?

No. CoreWeave announced a ~$9.0B all-stock acquisition of bitcoin miner Core Scientific in July 2025, at an exchange ratio of 0.1235 CRWV shares per CORZ share. Core Scientific shareholders voted the deal down. The acquisition was terminated on October 30, 2025, and the two companies remain independent.