Shares of CoreWeave, Inc. fell over 12% on Friday, following a Business Insider report stating that Blue Owl Capital was unable to obtain funding for a $4 billion data center project in Pennsylvania that CoreWeave, Inc. will occupy.
The Lancaster facility, which is 80 miles west of Philadelphia, attracted little interest from lenders, according to the report. One lender rejected the deal because of doubts about CoreWeave's creditworthiness. Recently, Blue Owl Capital made headlines when it revealed restrictions for investors' redemptions at one of its funds.
At 12:35 pm ET, CoreWeave's stock tumbled 12.22%, going for $85.27 apiece. Concurrently, Blue Owl Capital lost 3.21%, going for $10.99 per share.
https://breakingthenews.net/Article/CoreWeave-dips-12-on-data-center-financing-woes/65717784
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