CoreWeave shares gained another 8.4% in morning trading on Thursday.

CoreWeave shares popped 19% after announcing a $2 billion debt offering.

The renter of artificial intelligence data centers powered by Nvidia chips said it had priced the notes at 9.25%, with a June 2030 maturity date. The deal represents a $500 million increase from its initial announcement.

CoreWeave said it plans to use the capital to pay off outstanding debt. The company confirmed to CNBC that the debt offering was five times oversubscribed.

In its first-quarter earnings report last week, CoreWeave said that it raised a total of $17.2 billion in equity and debt “to support its strategy to drive the next generation of cloud computing for the future of AI.” The company topped revenues expectations but posted wider-than-expected net loss and said it plans to spend big on capital expenditures to support infrastructure demand.

Citi analysts led by Tyler Radke boosted their price target to $94 from $43 while sticking to their neutral, high-risk rating. CoreWeave’s first quarterly earnings report as a public company, which beat on revenue, should ease worries that demand was waning, they said.