Michael Intrator

Intrator said CoreWeave wants to work with Texas's incoming Democratic governor to complete permitted data center projects and set clear, sustainable standards for future development.

We welcome the opportunity to work with the governor-elect's transition committee on the responsible completion of already-permitted projects and on clear, sustainable standards for future development.

Intrator says CoreWeave wants to work with Texas's incoming governor's transition team on responsibly advancing approved projects and on clear, durable standards for future data center development.

We welcome working with your transition team on the responsible advancement of approved projects and on clear, durable standards for future development.

Original (zh)

“我们欢迎与您的过渡团队就已获批项目的负责任推进，以及未来开发的清晰、持久标准展开合作，”他表示。

Intrator says CoreWeave strongly backs the principle that data center growth must benefit Texans.

You have made clear that data center growth must benefit Texas, and we strongly support these principles.

Original (zh)

“您已明确表示，数据中心的增长必须对得克萨斯州有利，我们强烈支持这些原则。”

Intrator said CoreWeave strongly supports the principle that data center growth must work for Texas, as it seeks a truce with Governor-elect Hinojosa.

You have made clear that data center growth must work for Texas. We strongly support those principles.

Intrator said CoreWeave wants to work with the transition team on responsibly completing permitted projects and setting clear, durable standards for future development.

responsible completion of permitted projects and on clear, durable standards for future development.

Intrator wrote to Texas Governor-elect Hinojosa backing her principle that data centers should serve Texas's interests and offering to work on responsible execution of approved projects and clear standards for future development.

CoreWeave co-founder and Chief Executive Officer Michael Intrator sent Hinojosa a letter that day saying he strongly supports her principle that data center development should align with Texas's interests. In the letter, Intrator said he would welcome the opportunity to work with the governor-elect's transition team on the responsible execution of already approved data center projects and on establishing clear, sustainable standards for future development.

Intrator said CoreWeave supports the Texas governor-elect's principle that data center growth must benefit Texas and wants to work with her team on completing permitted projects and setting clear, durable standards.

"You have made clear that data center growth must work for Texas," CoreWeave co-founder and Chief Executive Officer Michael Intrator said the statement. "We strongly support those principles." "We welcome the opportunity to work with your transition team on the responsible completion of permitted projects and on clear, durable standards for future development," he said.

Intrator told employees in a memo that CoreWeave has diversified funding options, including room to raise equity over time, to calm investor concerns.

Our financing model combines infrastructure-backed borrowing, corporate debt, equity, and customer prepayments. He added that the company has "additional flexibility to raise equity over time as market conditions and our capital needs warrant."

Intrator told employees in an internal email that the market misunderstands CoreWeave's model and that he is confident in its business, customers, execution and financial discipline.

When you are building a new type of technology company there will be periods of time when the market misunderstands and acts irrationally. We are confident in our business model, our customers, the extraordinary quality of our execution, and the relentless discipline around the financial engine we have built.

Intrator said demand is accelerating, GPU pricing rose quarter over quarter across several models, and CoreWeave's near-term capacity is largely sold out.

demand is accelerating across the board. Average pricing for the A100s, H100s, H200s, and L40s all increased quarter over quarter, and we remain largely sold out for near-term capacity across our fleet.