Follow the dominoes

RACKLINE ANALYSISPress Play, or tap any circle for its filed exposure and source.
Key

LINES: WHAT FLOWS, AND WHICH WAY

Debt: lender to borrower
Shares or warrants: holder to company
Lease: tenant to landlord
Customer contract: customer to CoreWeave
Chips: supplier to buyer
Guarantee: guarantor to borrower
No dollar figure filed

CIRCLE COLOR: HOW MUCH A PARTY DEPENDS ON COREWEAVE

Share of revenue or fund net assets tied to CoreWeave
Under 1%
1-5%
5-25%
Over 25%
Expects to be 'highly dependent'; no share filed
A claim on CoreWeave itself
Not disclosed
CoreWeave and its subsidiaries
Sources: company filings (10-Qs, 10-Ks, 8-Ks; Nvidia 13F; fund schedules of investments); Federal Reserve; Rackline analysis. Starred figures are our calculations.
Notes
* Our calculation from filed figures: sums of one company's filed lines on the same date, Microsoft's dollar figure (67% of CoreWeave's 2025 revenue), and shares of revenue or fund net assets. Unstarred shares are as filed. Fund figures are fair value. Dashed lines: no dollar figure filed. Circle area shows the largest single filed dollar figure on a party's links (nothing added up; Microsoft: our $3.4bn* estimate); CoreWeave is sized by its $35.6bn of debt principal. Timing bands are Rackline analysis unless a filed clause is cited.