According to CoinMeta, the stock price of CoreWeave ( CRWV ) rose 16% in pre-market trading on Wednesday, driven by the company's release of strong growth figures and an upward revision of its full-year performance expectations, which boosted the Neocloud market. This AI infrastructure provider reported revenue of over $2.58 billion in the second quarter, doubling from the previous year, with a net loss of $62.6 billion that was lower than expected. The company expects sales in the third quarter to be between $3.45 billion and $3.6 billion and has raised its revenue guidance for 2026 to $12.4 billion to $13.2 billion. The stock prices of Iren ( IREN ) and Cipher Digital ( CIFR ) also rose by 5%, as investors flocked to companies that are benefiting from the accelerating demand for AI computing services. CoreWeave reached a total contract value of $104 billion at the end of this quarter and added more than $25 billion in customer commitments. Management stated that the profit margins on recently signed transactions were 5 to 10 percentage points higher, reflecting scarce capacity and favorable pricing. AI infrastructure continues to attract capital and customers, while Bitcoin and broader crypto trading struggle to match this momentum, with the current Bitcoin trading price below $64,000.