CoreWeave's Construction Delayed by Summer Storms, Sheds $33B Market Cap
ByAinvest
Wednesday, Dec 17, 2025 6:59 pm ET1min read
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CoreWeave's construction at a Denton, Texas site was delayed due to summer storms, forcing the company to push back its completion date for a 260-megawatt AI computing cluster. CoreWeave's CEO attributed the issues to "systemic challenges," while the CFO clarified that the delays were related to a specific data center provider. The company lowered its capital expenditure guidance for 2025 to $12-14 billion and narrowed its revenue guidance to $5.05-5.15 billion. CoreWeave has lost nearly $33 billion in market capitalization since Q4 began.
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