The Latest Breaking News from Kerrisdale Capital

CoreWeave Is A 'Debt-Fueled GPU Rental Business,' Says Kerrisdale, Shorting CRWV Amid Criticisms Of Valuation-Boosting 'Circle Jerk' With Nvidia

Kerrisdale Capital has revealed a short position against CoreWeave Inc. (NASDAQ:CRWV), labeling the AI infrastructure firm a “debt fueled GPU rental business with no moat” and setting a price target that implies 90% downside from its current valuation.

Benzinga · Sep 16, 2025

Nvidia Deal Sends CoreWeave Stock Higher—Skeptics See 90% Downside

CoreWeave, Inc. shares were in the spotlight on Monday due to a combination of an expanded deal with NVIDIA Corp. (NASDAQ:NVDA) and a short report from Kerrisdale Capital. Let's dive in. 

Benzinga · Sep 15, 2025

Short Seller Says Pure Storage Is A 'Melting Ice Cube,' Warns Of 'Pure Downside' In Shares

Kerrisdale Capital is shorting Pure Storage Inc. (NYSE:PSTG) as the firm believes the company is poorly positioned to capture any meaningful share of cloud and AI infrastructure spending.

Benzinga · Sep 4, 2025

Bitfarms Announces 'Poison Pill' To Block Potential Riot Platforms Hostile Takeover

Bitfarms is attempting to block a potential hostile takeover by rival Riot Platforms following the latter's proposal to acquire the mining firm for $950 million.

International Business Times · Jun 11, 2024

Kerrisdale Shorts Riot Platforms, Says Bitcoin Miner 'Headed For A Mine Collapse'

Kerrisdale Capital is short on Riot Platforms, which it says is better off "playing energy arbitrage games" and issuing stocks than dabbling into the crypto mining sector.

International Business Times · Jun 6, 2024

'Terrible Product': Blockstream CEO Slams MicroStrategy's New ETF

Blockstream's Adam Back believes investing in MicroStrategy's new Defiance 2X Short MSTR ETF will only make investors bleed out their capital fast.

International Business Times · Apr 9, 2024

MicroStrategy Slumps After Kerrisdale Capital Goes Short On Bitcoin Giant

The shares of MicroStrategy, which has been enjoying the fruits of its Bitcoin strategy, plummeted Thursday after a short seller said the stock's value may be overinflated.

International Business Times · Mar 29, 2024

Trump SPAC Deal Will Never Get Approved By SEC, Short Seller Says: What Investors Should Know

A noted short seller has taken a short position in one of the most notable SPAC deals that involves a former U.S. president.

Benzinga · Apr 20, 2022