CoreWeave has raised over $17 billion in debt in 2026 through term loans, high-yield bonds, and convertible notes, and is now targeting European investors.

CoreWeave shares are sliding Tuesday as the prospect of additional debt issuance raises questions about the company's capital needs.

Applied Digital issued $2.35 billion in junk-rated bonds at roughly 10% yield to build a 400 MW AI data center for CoreWeave in North Dakota.