CoreWeave Expands Major Contract with Meta Platforms
CoreWeave has expanded its agreement with Meta Platforms, now valued at $21 billion, to provide cloud computing capacity through December 2032. This follows a previous $14.2 billion deal set to run until December 2031, highlighting a growing relationship as Meta increases its AI infrastructure.
As of 2025, CoreWeave reported a revenue backlog of $66.8 billion, significantly bolstered by its contracts with Meta and OpenAI. With the latest contract, the backlog is projected to reach nearly $88 billion, representing more than 17 times CoreWeave’s 2025 revenue of $5.1 billion. The company has also increased its contracted power capacity to 3.1 GW, with plans to bring additional capacity online by the end of 2026.
CoreWeave’s aggressive capacity expansions and robust revenue pipeline position it for significant growth in the coming years. Capital expenditures are expected to double to $30 billion in 2026, which should further enhance its operational capabilities as demand for AI computing power continues to rise.
