CoreWeave, an AI-native cloud provider focused on high-density workloads, surged from $229 million revenue in 2023 to $5.1 billion in 2025. Growth was fueled by multi-year take-or-pay contracts with leading AI labs and a massive expansion of data centers powering over 850 MW with 3.1 GW contracted capacity. Proprietary orchestration software and integrated services differentiate its offering. However, this rapid scale incurred operating losses and heavy capital expenditures, driven by hardware supply constraints and power availability risks. The firm's leverage and negative free cash flow reflect capital intensity, while recent guidance misses raise near-term execution questions despite long-term AI demand potential.