In a call with analysts late last month, a CoreWeave executive said it will use Nvidia as a guarantor of its lease payments in order to help secure financing for the buildout of data centers it will occupy, an analyst who listened to the call told Business Insider.
Alex Platt, a research analyst at D.A. Davidson who covers CoreWeave, said that a company executive likened the arrangement to a recent guarantee Google had extended to a partner to allow construction financing to be raised for a data center Google will occupy.
The guarantee of lease payments would be another major line of financial support from Nvidia to help CoreWeave manage the immense costs of building artificial intelligence infrastructure. The chipmaking giant has also purchased billions of dollars of CoreWeave shares and, last year, agreed to buy up to $6.3 billion of CoreWeave computing…
