Hagens Berman has initiated a class action investigation targeting CoreWeave, Inc. (NASDAQ: CRWV), alleging the company provided misleading statements to investors regarding its capacity to scale artificial intelligence infrastructure and fulfill revenue projections. According to the investigation, CoreWeave is accused of failing to disclose material delays affecting its Denton, Texas data center facility and misrepresenting its ability to generate revenue from existing backlog commitments.
The allegations emerged following public revelations in December 2025 of significant construction delays at the company's flagship facility. The disclosure triggered a substantial market reaction, with CoreWeave's market capitalization declining by approximately $14 billion in the ensuing trading period. The investigation centers on whether the company's prior public statements adequately reflected known operational challenges and infrastructure constraints.
Investors who purchased CoreWeave securities during the relevant period may be eligible to participate in the class action. The Lead Plaintiff Deadline has been established as March 13, 2026, providing a deadline for interested parties to seek appointment as lead plaintiff in the litigation.