CoreWeave: AI deals, investors and valuation

CoreWeave closes a new $2.6 billion delayed-draw loan for AI infrastructure.

Trading firm Jane Street commits to spend about $6 billion on CoreWeave's AI cloud, including on Nvidia Vera Rubin GPUs.

Alongside the cloud contract, Jane Street buys $1 billion of CoreWeave shares at a 7% discount and becomes the fifth-largest shareholder.

Multi-year GPU cloud agreement to support Claude, capacity arriving in 2026; value not disclosed.

Expansion through December 2032, with first Vera Rubin installations; Meta's total commitments to CoreWeave about $35 billion.

Following the Meta contract, CoreWeave places $2.75 billion of 9.75% bonds and $3.5 billion of convertibles.

First investment-grade-rated financing backed by GPUs, tied to the Meta contract; matures March 2032.

Private placement that doubles Nvidia's stake; target of 5 GW of new data centers with Rubin chips, with Nvidia helping to find land and power.

AI compute capacity contract through December 2031, with an expansion option.

Third expansion of up to $6.5 billion for training next-generation models; total contract value rises to about $22.4 billion.

CoreWeave added £1.5B to its UK commitment (£2.5B total), deploying Nvidia Grace Blackwell Ultra GPUs at DataVita's Lanarkshire campus.

Nvidia commits to buy all cloud capacity that CoreWeave's customers do not use through 2032: a safety net for the neocloud in which it is a shareholder.

CoreWeave adds 260 MW and takes the full approved capacity (800 MW) of Galaxy's Helios campus in Texas; Galaxy estimates over $1 billion in revenue a year for 15 years.

CoreWeave closes a $2.6 billion secured loan (Morgan Stanley and MUFG) to fund GPUs and infrastructure for the OpenAI contract.

CoreWeave closes a $1.75 billion senior notes offering to fund data center growth.

All-stock deal announced in July 2025; on 30/10/2025 Core Scientific shareholders vote it down and the agreement is terminated.

CoreWeave leases 400 MW at Applied Digital's Polaris Forge 1 campus (North Dakota) under contracts of about 15 years: $7 billion initially, rising to about $11 billion with the expansion.

Second expansion of the CoreWeave contract, up to $4 billion (May 2025).

IPO priced at $40, below the expected range of $47-55, raising about $1.5 billion.

Five-year, $11.9 billion contract for CoreWeave GPU capacity, signed shortly before CoreWeave's IPO.

CoreWeave acquires the AI development platform Weights & Biases; reported price around $1.7 billion.