According to CoinMeta, CoreWeave announced its second-quarter earnings, with revenue reaching $2.575 billion, a year-on-year increase of 112%, exceeding the expected $2.56 billion. CoreWeave's backlog of orders reached $104 billion, an increase from $99.4 billion at the end of the first quarter. CoreWeave CEO stated that the expected profit margin for contracts signed in the second quarter was 5-10 percentage points higher than that of new contracts in recent quarters. According to Bit.com market data, CoreWeave rose by 2.42%, and its stock price soared by over 16% after the market closed.