Businesswire·2026-01-14 01:00Core Points - A class action lawsuit has been filed against Coreweave, Inc. for alleged misstatements regarding its ability to meet customer demand and the risks associated with reliance on a single third-party data center supplier [2][6] - Investors who suffered losses during the class period from March 28, 2025, to December 15, 2025, can request lead plaintiff appointment until March 13, 2026 [1][6] Financial Impact - On October 30, 2025, Coreweave's shares fell by approximately 5.5%, from $133.71 to $126.32, following the announcement of the termination of its merger agreement with Core Scientific due to insufficient shareholder votes [3] - Following a press release on November 10, 2025, regarding lowered guidance due to delays from a third-party data center, Coreweave's shares dropped by about 16.3%, from $105.61 to $88.39 [4] - An article published on December 15, 2025, highlighted further delays in the completion of a significant data center project, leading to a decline of approximately 7.9% in share price, from $78.59 to $72.35 [5] Company Statements - Coreweave maintains that its strategy remains unchanged despite the challenges faced, emphasizing a commitment to long-term shareholder value through strategic mergers and acquisitions [3] - Co-founder Michael Intrator initially stated that the quarter's performance was as planned, except for delays at a singular data center, later clarifying the issue pertained to a singular data center provider [4]