According to CoinMeta, the CEO of Michael Intrator, who transitioned the company from natural gas trading to CoreWeave, currently has approximately $104 billion in AI contract backlog. CoreWeave is one of the largest professional AI cloud companies in the United States, focusing on providing computing infrastructure for major AI developers. Despite the substantial borrowing obligations brought about by the company's rapid expansion, its revenue reached $2.58 billion in the second quarter of 2026, a year-on-year increase of 112%. CoreWeave's business model relies on long-term customer agreements and financing to meet the growing demand for computing resources.