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CoreWeave Reports Strong First Quarter 2025 Results

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1 year ago

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Growth Driven by Accelerating Demand for CoreWeave’s Purpose-built AI Platform

LIVINGSTON, N.J., May 14, 2025 /PRNewswire/ — CoreWeave, Inc. (Nasdaq: CRWV), the AI Hyperscaler™, today reported financial results for the first quarter ended March 31, 2025.

“We’ve delivered an outstanding start to 2025 on multiple fronts. Our strong first quarter financial performance caps a string of milestones including our IPO, our major strategic deal with OpenAI as well as other customer wins, our acquisition of Weights & Biases and many technical achievements,” said Michael Intrator, CoreWeave’s co-founder and Chief Executive Officer. “Demand for our platform is robust and accelerating as AI leaders seek the highly performant AI cloud infrastructure required for the most advanced applications. We are scaling as fast as possible to capture that demand. The future runs on CoreWeave.”

“CoreWeave’s strong financial performance in Q1 highlights the large and rapidly growing opportunity,” said Nitin Agrawal, CoreWeave’s Chief Financial Officer. “We are focused on executing, while effectively managing our capital structure to support accelerating investments in growth and maintaining flexibility to capitalize on strategic opportunities.”

First Quarter 2025 Financial Highlights

(In thousands, except percentages and per share amounts)

Three Months Ended March 31,

2025

2024

% Change

Revenue

$          981,632

$          188,684

420 %

Operating expenses*

1,009,102

171,837

487 %

Operating income (loss)*

$           (27,470)

$            16,847

(263) %

Operating income (loss) margin*

(3) %

9 %

Interest expense, net

$         (263,835)

$           (40,656)

549 %

Net loss*

$         (314,641)

$         (129,248)

143 %

Net loss margin*

(32) %

(68) %

Basic net loss per share*

$               (1.40)

$               (0.62)

126 %

Diluted net loss per share*

$               (1.49)

$               (0.62)

140 %

*Includes $177 million of stock-based compensation expense for awards with a liquidity-event performance-based vesting condition which was satisfied at IPO and for which the service-based vesting condition had also been satisfied as of that date.

Non-GAAP Measures

(In thousands, except percentages)

Three Months Ended March 31,

2025

2024

% Change

Adjusted EBITDA

$          606,131

$          104,546

480 %

Adjusted EBITDA margin

62 %

55 %

Adjusted operating income

$          162,634

$            25,036

550 %

Adjusted operating income margin

17 %

13 %

Adjusted net loss

$         (149,555)

$           (23,559)

535 %

Adjusted net loss margin

(15) %

(12) %

(See “Non-GAAP Financial Measures” below for the definitions of Adjusted EBITDA, Adjusted Operating Income, and Adjusted Net Loss)

Additional First Quarter 2025 Financial Highlights

Revenue backlog was $25.9 billion as of March 31, 2025. Revenue backlog includes RPO of $14.7 billion, plus, subject to the satisfaction of delivery and availability of service requirements, other amounts we estimate will be recognized as revenue in future periods under committed customer contracts of $11.2 billion.

First Quarter 2025 Highlights 

Key customer wins across AI labs, hyperscalers and enterprises includingStrategic deal with OpenAI, adding $11.2 billion in revenue backlogAnnounced partnership with IBM to deliver compute capacity for IBM’s Granite modelsContinued rapid scaling of our purpose-built AI Infrastructure, including the addition of new compute capacity which totaled approximately 420 MW of active power and approximately 1.6 GW of contracted power at quarter endContinued to drive our AI Hyperscaler™ leadership positionMLPerf Inference v5.0 results set a new industry benchmark in AI inference with NVIDIA GB200 Grace Blackwell SuperchipsThe only AI cloud provider to receive the highest Platinum rating based on SemiAnalysis’s ClusterMAX™ Rating SystemNew product launches to extend our cloud platform capabilitiesGeneral availability of CoreWeave AI Object Storage (CAIOS) for high-performance data accessSupport for GB200 based instances throughout our Cloud Platform Stack (CKS, SUNK, Observability, Fleet LifeCycle Controller)On-Demand Cluster Scaling via CoreWeave Kubernetes ServiceGeneral availability of detailed billing and usage metricsSupport for NVIDIA AI Enterprise software and NVIDIA Cloud Functions to help enterprises quickly ramp up their AI applicationsRaised $1.4 billion in net proceeds through our IPO, increasing to $17.2 billion of total debt and equity raised to support the company’s strategy to drive the next generation of cloud computing for the future of AI

Business Outlook

CoreWeave will provide forward-looking guidance in connection with this quarterly earnings announcement on its earnings conference call and webcast.

Webcast and Conference Call Information

CoreWeave will host an audio webcast to discuss the results for the first quarter of 2025, provide a business update, and forward-looking guidance at 2:00 pm PT / 5:00 pm ET today. The live webcast of CoreWeave’s earnings conference call can be accessed at the CoreWeave Investor Relations website at investors.coreweave.com, along with the earnings press release and earnings presentation.

Following the call, a replay will be available at the same website. A transcript of the conference call will be posted to the investors.coreweave.com website.

Disclosure Information

CoreWeave uses our investor relations page (investors.coreweave.com), our X account (@CoreWeave), and our LinkedIn page to disclose material non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor these websites, in addition to following our press releases, Securities and Exchange Commission (SEC) filings, public conference calls and public webcasts.

About CoreWeave  

CoreWeave, the AI Hyperscaler™, delivers a cloud platform of cutting-edge software powering the next wave of AI. The company’s technology provides enterprises and leading AI labs with cloud solutions for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers across the US and Europe. CoreWeave was ranked as one of the TIME100 most influential companies and featured on Forbes Cloud 100 ranking in 2024. Learn more at www.coreweave.com.

Investor Relations contact:
Investor-Relations@coreweave.com / https://investors.coreweave.com/ 

Media contact:
Press@coreweave.com / https://www.coreweave.com/about-us 

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of applicable securities laws. Such statements are based on our current expectations, forecasts and assumptions and involve risks and uncertainties. These statements include, but are not limited to, statements related to our business; our strategy; our capital structure; our market opportunity and future growth; market trends; demand for our platform; capital structure; our plans to scale our platform; and strategic opportunities. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “target,” “explore,” “continue,” “outlook,” “guidance,” or the negative of these terms, where applicable, and similar expressions intended to identify forward-looking statements.

Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These risks include but are not limited to our ability to execute our business strategies and manage our growth, our ability to maintain and grow our customer base, any disruption in our strategic relationships or disruptions with our third-party providers, including our suppliers and data center partners, our ability to develop and maintain our corporate infrastructure and internal controls, our financial performance, capital requirements and ability to raise additional capital and the impact of global political and macroeconomic conditions, including the effects of global geopolitical conflicts, inflation, tariffs, interest rates, any instability in the global banking sector and foreign currency exchange rates. More information about factors that could affect our operating results is included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent filings with the SEC, including in our final prospectus filed with the SEC pursuant to Rule 424(b), dated March 27, 2025 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, copies of which may be obtained by visiting our Investor Relations website at https://investors.coreweave.com or the SEC’s website at www.sec.gov. Forward-looking statements speak only as of the date the statements are made and are based on information available to us at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. Additionally, the forward-looking statements in this press release do not include the potential impact of any acquisitions that may be announced and/or completed after the date hereof. We assume no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.

Non-GAAP Financial Measures

To supplement our consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles in the United States (“GAAP”), we use adjusted EBITDA and adjusted EBITDA margin, adjusted operating income (loss) and adjusted operating income (loss) margin, adjusted net income (loss) and adjusted net income (loss) margin, collectively, to help us evaluate our business. We use such non-GAAP financial measures to make strategic decisions, establish business plans and forecasts, identify trends affecting our business, and evaluate operating performance. We believe that these non-GAAP financial measures, when taken collectively, may be helpful to investors because they allow for greater transparency into what measures we use in operating our business and measuring our performance and enable comparison of financial trends and results between periods where items may vary independent of business performance. These non-GAAP financial measures are presented for supplemental informational purposes only, should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly titled non-GAAP measures used by other companies.

A reconciliation is provided below for each historical non-GAAP financial measure to the most directly comparable financial measure stated in accordance with U.S. GAAP. CoreWeave encourages investors to review the related U.S. GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable U.S. GAAP financial measures, and not to rely on any single financial measure to evaluate CoreWeave’s business.

 

COREWEAVE, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

Three Months Ended March 31,

2025

2024

Revenue

$        981,632

$        188,684

Operating expenses:

Cost of revenue

262,394

59,220

Technology and infrastructure

561,402

92,881

Sales and marketing

10,549

4,050

General and administrative

174,757

15,686

Total operating expenses

1,009,102

171,837

Operating income (loss)

(27,470)

16,847

Gain (loss) on fair value adjustments

26,837

(97,500)

Interest expense, net

(263,835)

(40,656)

Other income (expense), net

(4,137)

7,460

Loss before provision for (benefit from) income taxes

(268,605)

(113,849)

Provision for (benefit from) income taxes

46,036

15,399

Net loss

$      (314,641)

$      (129,248)

Net loss attributable to common stockholders, basic

$      (343,363)

$      (129,248)

Net loss attributable to common stockholders, diluted

$      (370,208)

$      (129,248)

Net loss per share attributable to common stockholders, basic

$            (1.40)

$            (0.62)

Net loss per share attributable to common stockholders, diluted

$            (1.49)

$            (0.62)

Weighted-average shares used in computing net loss per share

   attributable to common stockholders, basic

245,608

209,228

Weighted-average shares used in computing net loss per share

   attributable to common stockholders, diluted

249,293

209,228

 

COREWEAVE, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share data)

March 31,
2025

December 31,
2024

Assets

Current assets

Cash and cash equivalents

$     1,276,456

$     1,361,083

Restricted cash and cash equivalents, current

624,250

37,394

Accounts receivable, net

1,055,208

416,526

Prepaid expenses and other current assets

146,733

101,246

Total current assets

3,102,647

1,916,249

Restricted cash and cash equivalents, non-current

617,110

637,356

Restricted marketable securities, non-current

—

29,308

Property and equipment, net

14,210,992

11,914,774

Operating lease right-of-use assets

3,063,220

2,589,547

Intangible assets, net

4,395

4,909

Goodwill

19,544

19,544

Other non-current assets

842,475

720,912

Total assets

$   21,860,383

$   17,832,599

Liabilities, Redeemable Convertible Preferred Stock, Redeemable

Common Stock, and Stockholders’ Equity (Deficit)

Current liabilities

Accounts payable

$     1,242,100

$        868,259

Accrued liabilities

1,377,013

355,821

Debt, current

3,776,595

2,468,425

Deferred revenue, current

436,530

768,927

Operating lease liabilities, current

239,549

213,104

Finance lease liabilities, current

59,010

57,801

Other current liabilities

—

230,244

Total current liabilities

7,130,797

4,962,581

Debt, non-current

4,935,071

5,457,915

Derivative and warrant liabilities

491

200,089

Deferred revenue, non-current

3,611,469

3,294,977

Operating lease liabilities, non-current

2,867,838

2,388,912

Finance lease liabilities, non-current

18,814

34,120

Deferred tax liabilities, non-current

193,849

149,232

Other non-current liabilities

32,772

36,260

Total liabilities

18,791,101

16,524,086

Commitments and contingencies

Redeemable convertible preferred stock and redeemable common stock

Redeemable convertible preferred stock

—

1,722,111

Redeemable Class A common stock

1,163,159

—

Stockholders’ equity (deficit)

Preferred stock

—

—

Class A common stock

2

1

Class B common stock

0

0

Class C common stock

—

—

Treasury stock

(33,524)

(33,524)

Additional paid-in capital

3,730,521

1,096,160

Accumulated deficit

(1,790,876)

(1,476,235)

Total stockholders’ equity (deficit)

1,906,123

(413,598)

Total liabilities, redeemable convertible preferred stock, redeemable

common stock, and stockholders’ equity (deficit)

$   21,860,383

$   17,832,599

 

COREWEAVE, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

Three Months Ended March 31,

2025

2024

Cash flows from operating activities:

Net loss

$      (314,641)

$      (129,248)

Adjustments to reconcile net loss to net cash provided by operating activities

Depreciation and amortization

443,497

79,510

Non-cash lease expense

66,869

15,090

Amortization of debt discounts and issuance costs and accretion of redemption premiums

37,691

8,058

Loss (gain) on fair value adjustments

(26,837)

97,500

Stock-based compensation

183,973

8,189

Deferred income taxes

44,617

14,686

Other non-cash reconciling items

22,723

(886)

Changes in operating assets and liabilities, net of effect of business acquisition:

Accounts receivable

(638,750)

54,328

Prepaid expenses and other current assets

(9,929)

23,228

Accounts payable and accrued expenses

62,327

515,295

Deferred revenue

(15,904)

1,439,571

Lease liabilities

(51,109)

(5,819)

Other non-current assets

256,641

(80,464)

Net cash provided by (used in) operating activities

$          61,168

$     2,039,038

Cash flows from investing activities:

Purchase of property and equipment, including capitalized internal-use software

(1,407,359)

(1,741,935)

Maturities of marketable securities

29,308

—

Purchase of restricted marketable securities

—

(29,308)

Issuance of notes receivable

(55,000)

—

Net cash provided by (used in) investing activities

$    (1,433,051)

$    (1,771,243)

Cash flows from financing activities:

Proceeds from issuance of debt

784,956

931,647

Repayments of debt

(271,104)

(4,956)

Issuance of redeemable convertible preferred stock, net of issuance costs

—

25,000

Redeemable convertible preferred stock cash dividends paid

(26,101)

—

Proceeds from exercise of stock options

2,794

45

Proceeds from initial public offering, net of underwriting discounts and commissions

1,422,619

—

Payment of tax withholdings on settlement of RSUs

(15,685)

—

Deferred offering costs paid

(16,870)

—

Other financing activities

(26,743)

(32,241)

Net cash provided by (used in) financing activities

1,853,866

919,495

Net increase in cash, cash equivalents, and restricted cash

481,983

1,187,290

Cash, cash equivalents, and restricted cash—beginning of period

2,035,833

480,075

Cash, cash equivalents, and restricted cash—end of period

$     2,517,816

$     1,667,365

Supplemental disclosures of cash flow information:

Cash paid for interest, net of capitalized amounts

142,193

1,971

Non-cash investing and financing activities:

Capitalized interest not yet paid

10,776

48,215

Operating lease right-of-use assets acquired through lease liability

535,524

431,838

Accounts payable and accrued expenses related to property and equipment additions

2,008,056

287,795

Issuance of common stock for contract incentive

350,000

—

Conversion of redeemable convertible preferred stock in connection with initial public offering

1,722,140

—

Reclassification of warrant liabilities to equity  

172,808

—

Settlement of Series B tranche liability

—

69,598

Reclassification of customer deposit to debt

230,244

—

Deferred offering costs not yet paid

11,899

—

Reconciliation of cash, cash equivalents, and restricted cash to condensed consolidated

balance sheets:

Cash and cash equivalents

1,276,456

1,306,872

Restricted cash and cash equivalents, current

624,250

35,493

Restricted cash and cash equivalents, non-current

617,110

325,000

Total cash, cash equivalents, and restricted cash

$     2,517,816

$     1,667,365

 

Reconciliation of GAAP to Non-GAAP Results

Reconciliation of Net Loss to Adjusted EBITDA

(in thousands, except percentages)

Three Months Ended March 31,

2025

2024

Net loss

$   (314,641)

$   (129,248)

Depreciation and amortization

443,497

79,510

Interest expense, net

263,835

40,656

Stock-based compensation

183,974

8,189

Provision for (benefit from) income taxes

46,036

15,399

Acquisition related costs

6,130

—

Other expense (income), net

4,137

(7,460)

(Gain) loss on fair value adjustments(1)

(26,837)

97,500

Adjusted EBITDA         

$     606,131

$     104,546

Revenue          

$     981,632

$     188,684

Net loss margin

(32) %

(68) %

Adjusted EBITDA margin           

62 %

55 %

(1)

Represents adjustments related to recording our derivative liabilities at fair value at the end of each reporting period for our 2021 Convertible Senior Secured Notes, warrant liabilities related to our 2022 Senior Secured Notes, and the fair value remeasurement of the option liability in connection with our Series B financing. Refer to Note 3. Fair Value Measurements to our consolidated financial statements for additional information.

 

Reconciliation of Operating Income to Adjusted Operating Income

(in thousands, except percentages)

Three Months Ended March 31,

2025

2024

Operating income (loss)

$     (27,470)

$       16,847

Stock-based compensation

183,974

8,189

Acquisition related costs

6,130

—

Adjusted operating income

$     162,634

$       25,036

Revenue          

$     981,632

$     188,684

Operating income (loss) margin 

(3) %

9 %

Adjusted operating income margin         

17 %

13 %

 

Reconciliation of Net Loss to Adjusted Net Loss

(in thousands, except percentages)

Three Months Ended March 31,

2025

2024

Net loss

$   (314,641)

$   (129,248)

Stock-based compensation

183,974

8,189

Acquisition related costs

6,130

—

Other adjustments(1)

1,819

—

(Gain) loss on fair value adjustments(2)

(26,837)

97,500

Adjusted net loss(3)

$   (149,555)

$     (23,559)

Revenue

981,632

188,684

Net loss margin

(32) %

(68) %

Adjusted net loss margin(3)

(15) %

(12) %

(1)

Primarily relates to accelerated amortization of debt discount and debt issuance costs related to our 2024 Term Loan, which was repaid in connection with the IPO.

(2)

Represents adjustments related to recording our derivative liabilities at fair value at the end of each reporting period for our 2021 Convertible Senior Secured Notes, warrant liabilities related to our 2022 Senior Secured Notes, and the fair value remeasurement of the option liability in connection with our Series B financing. Refer to Note 3. Fair Value Measurements to our consolidated financial statements for additional information.

(3)

There were no material income tax effects on our non-GAAP adjustments for all periods presented. 

 

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SOURCE CoreWeave

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Technology

Care Career Announces Acquisition of MAS Medical Staffing, Completing Its First Acquisition Phase and Expanding Annual Revenue Beyond $150 Million, with a Path to Exceed a Quarter Billion by the End of 2026 Through Additional Acquisitions and Organic Growth

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50 minutes ago

on

July 24, 2026

By

WOODBRIDGE, N.J., July 24, 2026 /PRNewswire/ — Care Career, a rapidly growing healthcare workforce technology organization, today announced the acquisition of MAS Medical Staffing, one of the Northeast’s leading healthcare workforce organizations. Financial terms of the transaction were not disclosed.

The acquisition represents Care Career’s seventh strategic acquisition in the past 24 months, further strengthening the company’s position as one of the largest healthcare workforce organizations in the United States while accelerating its strategy to redefine the future of healthcare workforce management through artificial intelligence, enterprise technology, and workforce innovation.

MAS Medical Staffing has built an outstanding reputation for delivering high-quality workforce solutions through strong client relationships, exceptional clinician engagement, and deep regional expertise throughout the Northeastern United States. The acquisition significantly expands Care Career’s geographic footprint while broadening its access to healthcare professionals, client relationships, workforce data, and regional market intelligence.

Care Career is building a technology-enabled workforce ecosystem powered by its AI-powered workforce platform, where every acquisition contributes not only additional market presence, but also expanded data, enhanced artificial intelligence capabilities, digital innovation, and operational scale that continuously improve the experience for clients and clinicians alike. As the platform grows, every clinician engagement, client interaction, credential, placement, and workforce trend strengthens the intelligence of Career’s technology, creating a continuously improving ecosystem designed to deliver faster, smarter, and more effective workforce solutions.

The acquisition also brings MAS Medical Staffing’s MAESTRA® engagement technology, along with its client relationships and clinician network, directly onto Career’s AI-powered workforce platform. MAESTRA’s scheduling, credentialing, and communication capabilities will be integrated into Care Career’s existing technology stack, further enhancing clinician engagement across onboarding, scheduling, and career management while providing healthcare organizations with greater workforce visibility and operational efficiency.

“Our vision is to build the AI-powered infrastructure that modernizes healthcare workforce management,” said Siva Konatham, Group President and Chief Executive Officer of Care Career. “Under my leadership, Care Career is focused on transforming a fragmented, labor-intensive industry into a data-driven, technology-enabled ecosystem that improves speed, efficiency, and workforce visibility for healthcare providers. Each acquisition strengthens our platform intelligence, expands our scale, and enhances our margin potential. By integrating advanced analytics, AI automation, and digital engagement tools, we are not just growing revenue—we are building a smarter, more scalable model positioned to lead the next era of healthcare workforce solutions.”

The combined organization will leverage expanded recruiting resources, centralized credentialing, advanced workforce analytics, AI-enabled automation, and digital engagement technologies—all powered by Care Career’s AI-powered workforce platform—to deliver broader recruiting capabilities, faster response times, enhanced workforce insights, and expanded national coverage. Clinicians will benefit from a seamless digital experience that simplifies every stage of their careers—from job discovery and credentialing to onboarding, scheduling, communication, and long-term career development.

With seven strategic acquisitions completed in less than two years, representing the first round of acquisitions now totaling more than $150 million in annual revenue, Care Career has rapidly expanded its national presence while executing a disciplined growth strategy focused on technology integration, operational excellence, and workforce innovation. The company has also signed additional Letters of Intent with other entities with expected close dates in the third quarter of 2026. Upon completion of these transactions, coupled with organic growth, Care Career expects consolidated annual revenue to exceed a quarter of a billion dollars by the end of 2026.

The addition of MAS Medical Staffing further strengthens the organization’s ability to serve healthcare systems, hospitals, long-term care providers, outpatient facilities, and other healthcare organizations across an increasingly diverse geographic footprint.

“The healthcare workforce industry is entering a new era where technology, artificial intelligence, and data-driven decision-making will define the market leaders,” Konatham added. “Every acquisition we complete expands the intelligence of our AI-powered workforce platform, enhances the value we deliver to our clients, and creates more opportunities for clinicians. We believe the combination of exceptional people, innovative technology, and strategic scale positions Care Career to lead the next generation of healthcare workforce solutions.”

About Care Career

Care Career is a technology-enabled healthcare workforce solutions company dedicated to transforming how healthcare organizations recruit, engage, credential, deploy, and retain clinical talent. Powered by its proprietary AI-powered workforce platform and supported by advanced artificial intelligence, enterprise technology, and workforce analytics, Care Career is building an intelligent healthcare workforce ecosystem that connects providers and clinicians more efficiently while improving workforce performance, operational effectiveness, and patient care. Following seven strategic acquisitions over the past 24 months the first round of acquisitions totaling more than $150 million in annual revenue and with additional signed LOIs under contract expected to complete shortly, positioning the company to surpass a quarter of a billion dollars in consolidated annual revenue by the end of 2026, Care Career has become one of the nation’s largest and fastest-growing healthcare workforce organizations, serving healthcare providers and clinicians across the United States.

About MAS Medical Staffing

MAS Medical Staffing is a premier healthcare workforce organization recognized for exceptional service, strong client partnerships, and a commitment to connecting healthcare professionals with rewarding career opportunities. With an established presence throughout the Northeastern United States, MAS Medical Staffing has earned a reputation for quality, responsiveness, and delivering workforce solutions that help healthcare providers meet their evolving workforce needs while supporting clinicians throughout every stage of their careers.

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SOURCE Care Career

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Technology

PointsKash Demonstrates How Businesses Can Build on Bitcoin Without Burdening the Blockchain

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50 minutes ago

on

July 24, 2026

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As industry debate surrounding Bitcoin Improvement Proposal (BIP-110) intensifies, PointsKash unveils an architecture designed to work regardless of the proposal’s outcome.

SCOTTSDALE, Ariz., July 24, 2026 /PRNewswire/ — As the global Bitcoin community debates Bitcoin Improvement Proposal 110 (BIP-110) and the future of data stored on the Bitcoin blockchain, PointsKash, Inc. today announced that its next-generation kiosk infrastructure was intentionally designed to operate efficiently under any outcome of the proposal.

Rather than storing operational data directly on the Bitcoin blockchain, PointsKash utilizes a layered architecture that combines Bitcoin‘s unmatched security with modern decentralized communications technology. Every transaction, machine event, system update, and operational record generated across the PointsKash network is cryptographically verified, securely maintained off-chain, and anchored to the Bitcoin blockchain through a single immutable cryptographic proof.

This approach allows thousands of operational events to be permanently verified while utilizing only a minimal amount of blockchain data.

As discussion surrounding BIP-110 has intensified across the digital asset industry, PointsKash believes the debate does not require choosing between innovation and responsible blockchain stewardship.

“The industry has been debating whether businesses can build meaningful applications on Bitcoin without unnecessarily consuming blockchain space,” said Michael Herron, Chief Executive Officer of PointsKash. “We believe we’ve demonstrated that the answer is yes. Bitcoin provides the world’s most trusted immutable timestamp and security layer, while higher-volume operational data belongs on technologies specifically designed to manage it. By combining both, we’ve built an architecture that is scalable, transparent, and future-ready regardless of how the BIP-110 discussion ultimately evolves.”

The company’s infrastructure assigns every kiosk its own unique cryptographic identity, allowing each machine to securely authenticate every transaction and operational event. Those records are then independently verifiable through cryptographic proofs while remaining resistant to alteration or manipulation—even by PointsKash itself.

According to the company, this architecture delivers several significant advantages:

Mathematically verifiable transaction records for regulators, banking partners, auditors, and enterprise customers.Improved network reliability, allowing kiosks to continue operating during temporary connectivity interruptions without losing transaction history.Enhanced cybersecurity, with every machine maintaining its own authenticated identity and secure communications.A scalable blockchain architecture that minimizes on-chain data while preserving complete auditability.

“Bitcoin was created to provide trust, security, and permanence—not to become a storage system for every piece of application data,” Herron added. “Our philosophy has always been simple: use Bitcoin for what it does better than anyone else—creating immutable proof that records have never been altered—and leverage modern decentralized technologies for everything else. We believe that’s the future of enterprise blockchain infrastructure.”

PointsKash believes this architecture positions the company among a new generation of fintech innovators utilizing Bitcoin as a secure trust layer while developing scalable financial applications for enterprise deployment.

The technology also establishes the foundation for future blockchain-based financial products currently under development, including enhanced digital audit capabilities, verifiable financial records, enterprise licensing opportunities, and next-generation digital asset infrastructure.

As the Bitcoin ecosystem continues to mature, PointsKash believes its technology demonstrates that responsible innovation and blockchain scalability can successfully coexist—providing enterprise organizations with the confidence to build on Bitcoin without contributing unnecessary data to the network.

About PointsKash, Inc.

PointsKash, Inc. is a financial technology company developing an integrated ecosystem of AI-enabled self-service financial centers, digital banking, digital payment solutions, cryptocurrency services, loyalty rewards, enterprise merchant technologies, and mobile financial applications. Through proprietary software, Artificial Intelligence, and strategic partnerships, PointsKash is building innovative financial solutions designed to empower consumers, merchants, and enterprise organizations throughout North America.

For more information, visit www.pointskash.com.

Media Contact

PointsKash, Inc.
Investor Relations
info@pointskash.com
www.pointskash.com

Forward-Looking Statements

This press release contains forward-looking statements regarding anticipated technology integrations, Artificial Intelligence initiatives, product development, future commercialization plans, expected operational efficiencies, business strategy, and future growth. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could affect actual results include, but are not limited to, technology development timelines, integration efforts, financing, regulatory developments, market conditions, and other risks facing the Company. PointsKash undertakes no obligation to update any forward-looking statements except as required by applicable law.

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SOURCE PointsKash Inc.

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As ADA Anniversary Approaches, University of Phoenix Survey Highlights AI’s Potential to Advance Accessibility in Work and Learning

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July 24, 2026

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Survey conducted by The Harris Poll on behalf of University of Phoenix finds among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.

PHOENIX, July 24, 2026 /PRNewswire/ — As artificial intelligence becomes part of how people work, learn and solve problems, a new University of Phoenix survey conducted by The Harris Poll finds that recent working learners see meaningful opportunities for AI to support accessibility. The survey was designed to understand the impact of AI in the workplace and learning environments on accessibility, defined as ensuring digital content, tools and resources, including AI tools and output, are usable by people with different abilities through inclusive design, use of assistive technology or conformance with accessibility standards, such as the Web Content Accessibility Guidelines (WCAG). The findings are being released ahead of the 36th anniversary of the Americans with Disabilities Act (ADA) on July 26.

The survey, conducted among 1,019 U.S. employed adults who completed a professionally presented training or school course in the past 12 months (“recent working learners”), found that, among workers already using AI in the workplace, 3 in 5 (60%) say AI has improved their knowledge of and ability to use accessibility standards and guidelines, including nearly 1 in 5 (19%) who report significant improvement. 

While the findings point to optimism about AI’s accessibility potential, they also reveal an opportunity for clearer organizational guidance: 45% of respondents say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.

“The reality is that accessibility benefits everyone,” shares Kelly Hermann, Vice President of Accessibility and Student Affairs at University of Phoenix. “If accessibility is built in from the beginning, organizations are more likely to create AI-enabled environments that are universally usable. Clearer content, better summaries, accurate captions, and multiple formats can help workers and learners with disabilities, but they also help busy adults, multilingual learners, mobile users, and anyone trying to absorb information quickly.”

Key findings from the survey include:

Workers see AI’s accessibility potential: 89% of recent working learners identify workflows that could benefit from AI and accessibility tools, especially creating accessible documents, presentations, websites or learning materials (38%), presenting information in different formats such as plain language, audio, summaries or translations (33%), and training employees or learners on accessibility practices (30%).AI may help build accessibility awareness: Among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.Accessibility is not always clear in workplace AI policies: 45% of recent working learners say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.AI tools may not yet fully support different access needs: Among those who use workplace AI tools, only about a quarter of survey respondents (27%) say AI tools available through their workplace or professional learning environment support people with disabilities very well.Human oversight remains important: 36% of recent working learners say human review for important decisions or high-impact work should be part of responsible AI use at work or school.Workers also recognize how AI and accessibility can have an impact on their own career journey: 90% of recent working learners identify AI and accessibility skills that would be valuable in their current or desired career field, including 45% who see value in understanding when AI-generated content needs human review.

Why accessibility is essential to responsible AI adoption

As AI tools are used to draft documents, summarize information, generate captions and transcripts, create image descriptions, support learning and assist with workplace tasks, accessibility becomes central to responsible use. Poorly implemented AI can also create or amplify barriers, including inaccessible content, inaccurate summaries, biased outputs and tools that do not work effectively with assistive technologies.

“Responsible AI is not only about productivity,” Hermann said. “It is about whether the technology works for the people who need to use it. AI can help create more accessible materials and more flexible ways to engage with information, but it still requires clear policies, practical training and human judgment to make sure the outputs are accurate, applicable and usable.”

What the findings mean for employers and educators

The survey suggests that organizations have an opportunity to align AI adoption with supportive design, accessibility practices and workforce training. Employers and educators can take immediate steps by:

Naming accessibility directly in AI policies and guidance.Choosing AI tools with accessibility and assistive technology compatibility in mind.Training workers and learners to create, check and improve accessible AI-generated content.Making support pathways clear for people who experience barriers using AI tools.Keeping human review in place for important decisions, high-impact work and accessibility-sensitive outputs.

The survey also found workers want practical AI training. The most helpful resources identified by recent working learners include real-world examples from their field or industry (36%), hands-on practice using realistic workplace scenarios (34%) and step-by-step demonstrations of common tasks (33%).

Accessibility insights from University of Phoenix

Hermann shared the survey findings ahead of the ADA anniversary in recent media interviews. Hermann oversees the University’s accessibility initiative, including evaluation and remediation of curricular resources, the Center for Access, Resources, Engagement and Support Services (CARES), and the Office of Collaborative Learning and Educational Engagement. Her work focuses on fostering accessible and welcoming educational environments for students, faculty and staff.

Hermann’s office at University of Phoenix also convenes accessibility conversations through initiatives such as Access Amplified™, a free, annual virtual event focused on advancing digital accessibility in web development. The event brings together engineers, developers, designers, content authors and digital strategists for practical strategies and human-centered conversations that address the gap between coding practices and how users with assistive technology experience the web.

About the survey

The survey was conducted online within the United States by The Harris Poll on behalf of University of Phoenix from June 22–29, 2026, among 1,019 employed adults ages 18 and older who have taken a professionally presented training or a school course in the past 12 months, referred to as “recent working learners.” Data were weighted where necessary by age, gender, race/ethnicity, region, education, employment, marital status, household size, household income and smoking status to bring them in line with their actual proportions in the population.

Respondents for this survey were selected from among those who have agreed to participate in surveys. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 3.8 percentage points using a 95% confidence level. This credible interval will be wider among subsets of the surveyed population of interest.

Review the complete survey at phoenix.edu/aiaccessibility.

About University of Phoenix

University of Phoenix is Built for Real Life. 50 Years Strong. The University innovates to help working adults enhance their careers and develop skills in a rapidly changing world through flexible online learning, relevant courses, academic AI pillars, and skills-mapped curriculum for associate, bachelor’s and master’s degree programs. Active students and alumni have access to Career Services for Life® resources including career guidance and tools. For more information, visit phoenix.edu. 

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SOURCE University of Phoenix

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