CoreWeave bonds sink after Texas elects a data center moratorium backer

Democrat Gina Hinojosa, who has called for an immediate moratorium on data centers, defeated Gov. Greg Abbott, according to Quartz. Bloomberg reports that candidates favoring slower data center construction won several gubernatorial races, while RuntimeWire says bond investors are pricing Texas permitting risks into CoreWeave’s model of financing GPU capacity ahead of demand.

• CoreWeave shares fell 7.2%, according to Quartz.

Covered by 3 publishers within 1 hour of the first report.

• RuntimeWire: CoreWeave bonds fall to new lows after Texas elects data-center skeptic

Reporting3

BL Bloomberg CoreWeave Bonds Hit Lows as Texas Data Centers in Crosshairs · Katherine Schwartz 10:40 AM

QZ Quartz CoreWeave bonds tumble to new lows after Texas elected a data center foe · Cris Tolomia 11:40 AM

RTW RuntimeWire CoreWeave bonds fall to new lows after Texas elects data-center skeptic · RuntimeWire Staff 11:52 AM

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Topics Data centers