TL;DRCoreWeave will join the Nasdaq-100 on 22 June 2026, just 15 months after its IPO. The GPU cloud provider, which started as a crypto mining operation, reported $2.1 billion in Q1 revenue but carries nearly $25 billion in debt. Its founders have sold $2.3 billion in stock since the lockup expired.
CoreWeave, the AI cloud infrastructure company that began life as a New Jersey cryptocurrency mining operation called Atlantic Crypto, has been selected for inclusion in the Nasdaq-100 Index. The addition takes effect before market open on 22 June, just 15 months after CoreWeave priced its IPO at $40 per share in March 2025.
CoreWeave will join the index alongside Astera Labs, Nebius Group, Rocket Lab, and Teradyne as part of the June quarterly rebalance. Charter Communications, Cognizant, Insmed, Verisk Analytics, and Zscaler are being dropped.
From Ethereum rigs to the Nasdaq-100
CoreWeave’s trajectory is one of the stranger origin stories in enterprise tech. Michael Intrator, Brian Venturo, and Brannin McBee founded Atlantic Crypto in 2017 as a GPU-based Ethereum mining business, operating out of a single data centre in New Jersey.
