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News  ›  GlobeNewswire Inc.

CoreWeave, Inc. (CRWV) Slapped With Securities Class Action Amid Questions Over Denton Data Center Completion Transparency, $14 Billion Market Cap Loss - Hagens Berman

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Hagens Berman
CoreWeave, Inc. (CRWV) Slapped With Securities Class Action Amid Questions Over Denton Data Center Completion Transparency, $14 Billion Market Cap Loss - Hagens Berman

CoreWeave (CRWV) faces a securities class action lawsuit alleging the company misled investors about its ability to meet customer demand and failed to disclose risks from reliance on a third-party data center developer. Delays at the Denton, Texas facility intended for OpenAI were revealed in November and December 2025, causing CoreWeave's stock to plunge 34% and wiping out $14 billion in market capitalization.

Insights
CRWV   negative

Company faces securities litigation for allegedly misleading investors about demand fulfillment and revenue recognition capabilities. Undisclosed delays from third-party supplier Core Scientific since February 2025 led to 34% stock decline and $14 billion market cap loss. Reduced full-year revenue guidance signals operational challenges.