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CoreWeave Inc. (CRWV) reported a 134% year-over-year revenue increase, reaching $1.4 billion in Q3 2025. The company is entering the federal market with its new initiative, CoreWeave Federal, aimed at providing AI cloud services to U.S. government agencies. CoreWeave Federal is designed to meet evolving cybersecurity standards, enhancing the company’s position in a rapidly growing sector.
At the end of Q3, CoreWeave had a significant backlog of $55.6 billion, with $50 billion in remaining performance obligations (RPO). The company also operates nearly 590 megawatts of active power and holds 2.9 gigawatts of contracted capacity, indicating robust growth potential in both the commercial and public sectors.
CoreWeave’s emerging presence in the federal market coincides with other players like Microsoft and Nebius competing for market share in AI infrastructure. CoreWeave’s ability to capture contracts from agencies like NASA’s Jet Propulsion Lab signifies early traction in this competitive landscape.
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