Seawolf Capital Shorts CoreWeave Over Potential Funding Needs
Photo: TokenPost
Seawolf Capital said it is short CoreWeave, arguing the AI computing provider may need tens of billions of dollars in new financing to buy chips and cover a projected 2027 free cash flow gap. Co-founder Vincent Daniel said the position began with an analysis of CoreWeave’s business model. CoreWeave rents out AI computing capacity powered by high-end graphics processing units, or GPUs, and must keep investing in the expensive chips that power it. Seawolf’s thesis also reflects its view of CoreWeave’s balance-sheet leverage.
Source: TokenPost
