CoreWeave-Linked Hyperliquid Contract Swings Around Q3 Earnings

Around CoreWeave’s third-quarter earnings, a Hyperliquid contract tied to the company fell to $46.60 before reaching $55.61, highlighting sharp volatility in trading around the results.

The contract rose from $49.23 before the earnings announcement to $54, slid to $46.60 and later reached $55.61.

Its mark price was $55.07 in a later snapshot of that trading window.

CoreWeave reported third-quarter revenue of $3.661 billion, up about 168% from a year earlier, and raised its full-year revenue guidance to $13 billion to $13.3 billion.

The company also posted a $709 million net loss.

It projected fourth-quarter interest expense of $1.05 billion to $1.15 billion.