Compute · Datacenter Dynamics
Revealed by the neocloud today, April 9, the agreement will see CoreWeave providing Meta with AI cloud capacity
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In addition to the new contract, CoreWeave is raising $4.25bn in convertible and senior notes, as it continues to raise capital to fund its ongoing build-out.
Key facts
- This year so far, CoreWeave has secured $1bn in financing from Morgan Stanley, an $8.5bn loan for GPU purchases, and $2bn in investment from Nvidia
- Of the raise, $1.25bn will be senior notes due 2031 and $3bn convertible senior notes due 2032
- Revealed by the neocloud today, April 9, the agreement will see CoreWeave providing Meta with AI cloud capacity through to December 2032 for approximately $21 billion
- At the time of the loan being revealed, that the $14.2bn contract had been increased by $5bn
Summary
AI cloud firm CoreWeave has secured another massive AI compute capacity contract from Meta. Revealed by the neocloud today, April 9, the agreement will see CoreWeave providing Meta with AI cloud capacity through to December 2032 for approximately $21 billion. The dedicated capacity for Meta will be deployed across multiple locations and will include deployments of the Nvidia Vera Rubin platform. The contract builds on an existing agreement between the two companies, signed in September 2025 and valued at $14.2bn for cloud services through to December 2031.