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CoreWeave (CRWV) Faces Securities Class Action Over Denton Data Center Completion Delays, $14 Billion Market Cap Loss - Hagens Berman Investigates

SAN FRANCISCO--(BUSINESS WIRE)--Hagens Berman, a national shareholder rights firm, announces a securities class-action lawsuit against CoreWeave, Inc. (NASDAQ: CRWV) and several executives on behalf of investors who purchased CoreWeave securities between March 28 and Dec. 15, 2025.

CoreWeave’s share price fell $36.11 (–34%) between Nov. 10 and Dec. 16, 2025, erasing roughly $14 billion in market capitalization.

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The lawsuit alleges that CoreWeave misled investors about delays in its Denton, Texas data center cluster, intended to support OpenAI operations.

Hagens Berman is reviewing whether CoreWeave’s statements about its revenue projections and its ability to meet “unprecedented” demand for AI infrastructure services were misleading.

Key Information:

About the CoreWeave, Inc. (CRWV) Securities Class Action:

According to the lawsuit, CoreWeave overstated its capacity to meet customer demand while downplaying risks associated with reliance on a single third-party data center supplier. The supplier’s delays allegedly jeopardized CoreWeave’s ability to deliver services and achieve projected revenue.

On Nov. 10, 2025, CoreWeave reported its Q3 2025 financial results, reducing its full-year revenue guidance, and attributing the reduction to “temporary delays” related to the supplier.

Investor concern rose on Dec. 15, 2025, when The Wall Street Journal reported that CoreWeave’s supplier, Core Scientific, “has been flagging delays to its collaborations with CoreWeave since at least February,” citing pushed-back construction timelines for “design enhancements to further optimize GPU performance.”

CoreWeave’s share price fell $36.11 (–34%) between Nov. 10 and Dec. 16, 2025, erasing roughly $14 billion in market capitalization.

“We are investigating these reports and reviewing whether CoreWeave may have intentionally misled investors about its operational and financial prospects,” said Reed Kathrein, the partner at Hagens Berman leading the firm’s investigation.

Investors with substantial losses or information relevant to the investigation are encouraged to contact Hagens Berman. For more information, call 844-916-0895 or email CRWV@hbsslaw.com.

About Hagens Berman

Hagens Berman is a global plaintiffs’ rights law firm specializing in complex litigation and corporate accountability. The firm represents investors, whistleblowers, workers, and others harmed by corporate wrongdoing. Hagens Berman has secured $2.9 billion in this area of law. More at hbsslaw.com and @ClassActionLaw.

Contacts

Reed Kathrein, 844-916-0895

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Hagens Berman

NASDAQ:CRWV
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Contacts

Reed Kathrein, 844-916-0895

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