Stock Market Today, Feb. 20: CoreWeave Falls After Blue Owl Data Center Financing Failure Raises Funding Concerns

Stock Market Today, Feb. 20: CoreWeave Falls After Blue Owl Data Center Financing Failure Raises Funding Concerns

CoreWeave (NASDAQ:CRWV), cloud platform for AI infrastructure management, closed Friday at $89.25, down 8.12%. Shares fell after Blue Owl Capital’s (NYSE:OWL) failed $4 billion data-center debt placement raised new concerns about project financing, and investors are watching the February 26 earnings report and ongoing securities litigation risks.Trading volume reached 46 million shares, coming in about 65% above its three-month average of 27.9 m…

Blue Owl shopped debt for a CoreWeave data center. Lenders weren't sold.

Bloomberg/Getty ImagesBlue Owl Capital failed to secure financing for a $4 billion data center project in Pennsylvania.One lender said the lack of interest was due to CoreWeave's creditworthiness.AI data center investments face financing challenges due to concerns about credit risk.Blue Owl Capital, a leading investor in the data center boom, was unable to arrange financing for a $4 billion data center it is co-developing in Pennsylvania after p…

Blue Owl Denies Report Of Financing Issues On $4B CoreWeave Project

Blue Owl Capital is pushing back against reports it struggled to find a lender for a $4B data center development under construction in Pennsylvania. Business Insider reported Friday that the publicly traded firm looked for a lender for the CoreWeave-leased development in Lancaster but was unable to find any takers. Blue Owl denied it had any financing issues for the project in a statement to Bisnow.  “The central premise of the Business Insider …