Overview
- The deal expands a prior arrangement that obligates Nvidia to buy up to $6.3 billion of CoreWeave’s unsold capacity through April 2032.
- CoreWeave targets more than 5 gigawatts of AI data‑center capacity by 2030 using Nvidia’s Rubin platform, Vera CPUs and BlueField systems.
- The neocloud provider reported roughly $55.6 billion to $56 billion in contracted backlog, anchored by customers such as Microsoft, Meta and OpenAI.
- Recent figures show heavy investment needs, including $1.9 billion in Q3 capex, $6.9 billion in construction in progress and $841.4 million in 2025 year‑to‑date interest expense.
- Operating income through the first nine months of 2025 fell to $43.6 million even as quarterly revenue topped $1.3 billion, underscoring reliance on external financing.