CoreWeave is leaning further into the debt markets as it ramps its AI infrastructure buildout, expanding its planned convertible notes offering to $2.25 billion after stronger-than-expected demand. The notes, due 2031, add to a year marked by aggressive financing moves, including $14 billion in combined debt and equity. Proceeds will partly support capped-call transactions, with the remainder directed toward broader corporate needs as the company maintains its rapid expansion pace.