NVIDIA-backed AI cloud service provider CoreWeave is tapping into the global insurance industry's trillion-dollar capital pool for its AI hashrate financing, aiming to secure investment-grade ratings through chip-backed loans to access long-term institutional capital at a lower cost. The company has raised over $35 billion this year, with total debt and lease obligations reaching approximately $52 billion by the end of June, and unsecured bond yields approaching 15%. CoreWeave plans to expand its power consumption from 1.5 gigawatts to 8 gigawatts by the end of 2030. This aggressive expansion pace and rising leverage have put the market on high alert for potential risk transmission should AI demand slow down.