CoreWeave signs about $14.2B cloud agreement with Meta

CoreWeave/CoreWeave Cloud

CoreWeave secured a cloud computing capacity agreement worth up to $14.2 billion with Meta through December 2031, with an option to expand through 2032. The deal diversifies CoreWeave's revenue beyond Microsoft and OpenAI.

• Meta commits to pay CoreWeave up to $14.2B for reserved GPU cloud capacity; agreement runs through December 2031.
• Includes an option for Meta to expand the commitment materially through 2032 for additional capacity.
• CoreWeave gains a second hyperscaler anchor customer alongside Microsoft and OpenAI, reducing concentration risk.