[CoreWeave Earnings Call: 2027 Computing Power Essentially Sold Out, Profitability Expected in H1 2028] BlockBeats reports that on November 11th, CoreWeave management stated during the Q3 earnings call that the company will not finance through the unsecured debt market at current yield levels, nor is it necessary. Expansion will primarily rely on customer prepayments, loans matched with customer contracts, and operating cash flow. The company expects a significant narrowing of adjusted net loss for the full year 2027 and a return to positive adjusted net profit in the first half of 2028. Regarding financing, CoreWeave expects to receive approximately $9 billion in customer prepayments and deposits in the next three months, of which over $3 billion is related to renewals of existing cloud infrastructure, for which infrastructure-related debt has already been repaid. The company's overall weighted average cost of debt is 7.9%, a decrease of 250 basis points year-over-year. Management stated that over 75% of committed capital expenditures as of 2027 are related to investment-grade and enterprise customers. Regarding demand and pricing, CEO Michael Intrator stated that computing power up to 2027 is essentially sold out, and the capacity already deployed for 2028 has also been sold, although not all capacity for 2028 has been sold. The company raised prices for all products by approximately 25% in July, followed by a further 10% increase at the end of the third quarter, with prices continuing to rise in the fourth quarter. In the third quarter, prices for Ampere and Hopper architecture GPUs increased by 30% to 50% quarter-over-quarter, exceeding initial contract prices. Regarding renewals, contracts for over 130,000 GPUs will expire in 2027, with approximately 170,000 more expiring in 2028. Management estimates that at current prices, renewals in 2027 could contribute nearly $4 billion in incremental annualized revenue without additional capital expenditure, increasing to nearly $10 billion when including renewals in 2028. These figures do not include renewal opportunities for existing revenue backlog orders and are not net profit. According to CoreWeave's official financial report, third-quarter revenue was $3.661 billion, a year-over-year increase of 168%; adjusted operating margin was 10%, and GAAP net loss was $709 million. As of the end of the quarter, the order backlog was approximately $132.5 billion. The company raised its full-year revenue guidance to $13 billion to $13.3 billion, and full-year capital expenditures are expected to be $37 billion to $39 billion.