Crusoe CEO Chase Lochmiller described the recent selloff in neocloud stocks as overblown. Speaking at Bloomberg’s Invest conference, he defended the commercial soundness of CoreWeave’s customer contracts and expansion deals while countering concerns about its debt-heavy growth and financing costs. CoreWeave’s shares fell by roughly 30% in October, while short interest rose to 23.7% of its free float. Investors are now monitoring the company’s refinancing efforts, customer contracts, debt reduction and cash-flow performance as key indicators of its financial resilience.
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