Overview
- Earnings came in at $0.00 per share versus a projected loss of $0.10, with revenue of $126.59 million topping the $89.76 million consensus and rising from $36.16 million a year ago.
- HPC Hosting generated $85 million in the quarter, while Data Center Hosting delivered $41.6 million, up 15% from the prior-year period.
- Shares rose 4.84% in after-hours trading to $30.99 following the report.
- CEO Wes Cummins cited strong demand in the Dakotas, noting two hyperscalers already secured and describing advanced discussions with another investment‑grade hyperscaler across multiple regions, with no assurance of future contracts.
- Recent context includes CoreWeave’s Ellendale lease expansion to 400 MW valued at about $11 billion over 15 years, the planned spin-off of the cloud unit with Ekso Bionics to form ChronoScale, and a Macquarie development facility to fund new AI campuses.