Nitin Agrawal

He says a typical five-year contract fully repays asset-level debt, and an A100 contract into 2029 shows older chips keep earning after newer ones ship — the bull case, from the numbers seat.

Based

Livingston, NJ

Known for

Making the case that CoreWeave's machines earn enough to repay the debt that buys them.

Mentioned in

Infrastructure

CoreWeave mortgages the future. Its founders take cash.

A $104 billion backlog proves customers want the compute. Interest already equals a quarter of sales, and CoreWeave's newest loan runs about two years past the average contract behind it.

September 10, 2026 · 4 min read