I should add that the CEO, CDO and COO are all selling shares in coreweave faster than they can sign additional debt obligations, and in size ($51m in the week ending 11 august according to EDGAR)
Nebius director Charles Ryan filed on the 14th August to sell $12.75m worth.
Perhaps the reason is that they just sense that running capex/sales of 250-970% may just not be quite sustainable...
Remind me what became of WorldCom?
(https://en.wikipedia.org/wiki/WorldCom_scandal)
If you like the revenue growth of the Neoclouds, you will LOVE the growth in their liabilities and financial obligations (debt & leases).
Latest quarter growth
Company Sales Total liability Financial obligs
Coreweave +113% +221%. +254%
Nebius. +454%. +1234%. +754%
Iren. +$34m +716% ($4bn). + 1123%
Get stuck in lads
I should add that the CEO, CDO and COO are all selling shares in coreweave faster than they can sign additional debt obligations, and in size ($51m in the week ending 11 august according to EDGAR)
Nebius director Charles Ryan filed on the 14th August to sell $12.75m worth.
Perhaps the reason is that they just sense that running capex/sales of 250-970% may just not be quite sustainable...