The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of shareholders who purchased or otherwise acquired CoreWeave, Inc. (“CoreWeave” or the “Company”) (NASDAQ: CRWV) securities between March 28, 2025 and December 15, 2025, inclusive (the “Class Period”). CoreWeave investors have until March 13, 2026 to file a lead plaintiff motion.

What Happened?

On July 7, 2025, CoreWeave announced an agreement to acquire Core Scientific, to “significantly enhance operating efficiency and de-risk [its] future expansion, solidifying [its] growth trajectory.”

However, on October 30, 2025, Core Scientific announced that it had not received enough shareholder votes to approve the merger agreement with CoreWeave, terminating the merger.

On this news, CoreWeave’s stock price fell $8.87, or 6.3%, to close at $131.06 per share on October 30, 2025, thereby injuring investors.

Then, on November 10, 2025, after the market closed, CoreWeave released its third quarter 2025 financial results, announcing lowered revenue guidance for 2025 due to “delays related to a third-party data center developer who is behind schedule.”

During market hours, on November 11, 2025, the Company’s CEO revealed the delays concerned not just a single data center, as previously asserted, but a data center provider, with multiple data centers owned by the same provider potentially affected.

On this news, CoreWeave’s stock price fell $17.22, or 16.3%, to close at $88.39 per share on November 11, 2025.

Then, on December 15, 2025, the Wall Street Journal, revealed, among other things, that Core Scientific was the building partner behind the delayed data centers, and that it began flagging the delays nine months prior. The Wall Street Journal also revealed that other data centers would be delayed due to revised design plans.

On this news, CoreWeave’s stock price fell $2.85, or 3.9%, to close at $69.50 per share on December 16, 2025, thereby injuring investors further.

What Is The Lawsuit About?

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Defendants had overstated CoreWeave’s ability to meet customer demand for its service; (2) Defendants materially understated the scope and severity of the risk that CoreWeave’s reliance on a single third-party data center supplier presented for CoreWeave’s ability to meet customer demand for its services; (3) the foregoing was reasonably likely to have a material negative impact on the Company’s revenue; and (4) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.