01—Abstract
Summary
Summary of the 8-K filed September 15, 2025. Cited figures are marked; the original filing is the authoritative source.
CoreWeave, Inc. has entered into a significant new order form with NVIDIA Corporation, valued at $6.3 billiona, under their existing Master Services Agreement (MSA).
This agreement, effective September 9, 2025, primarily focuses on the sale of reserved cloud computing capacity by CoreWeave to its customers. A key element for investors is NVIDIA's commitment to purchase any unsold cloud computing capacity from CoreWeave through April 13, 2032, provided certain delivery and availability conditions are met. This substantial agreement underscores the strong demand for CoreWeave's cloud computing services and solidifies a crucial partnership with NVIDIA, which is also a supplier of GPUs and a stockholder.
The long-term nature of this commitment, extending nearly eight years, provides considerable revenue visibility and operational stability for CoreWeave, while securing access to potentially underutilized capacity for NVIDIA. The filing also details standard termination clauses for breach or insolvency.
02—Key points
Key Highlights
- CoreWeave and NVIDIA have entered into a new order form valued at $6.3 billion under their Master Services Agreement (MSA).
- The agreement secures the sale of reserved cloud computing capacity by CoreWeave to its customers.
- NVIDIA has committed to purchasing any residual unsold cloud computing capacity from CoreWeave through April 13, 2032.
- This long-term arrangement (nearly 8 years) provides significant revenue visibility for CoreWeave.
- The deal highlights the strategic importance of the partnership between CoreWeave and NVIDIA, who is also a GPU supplier and stockholder.
- Termination clauses for breach or insolvency are included in the MSA.
03—Questions
Frequently Asked Questions
What is the primary purpose of the new order form with NVIDIA?
The new order form is designed to formalize the sale of reserved cloud computing capacity by CoreWeave to its customers. It also grants NVIDIA the right to purchase any unsold capacity that CoreWeave's datacenters might have.
What is the financial significance of this agreement for CoreWeave?
The agreement has an initial value of $6.3 billion, providing substantial revenue visibility for CoreWeave over the term of the agreement, which extends until April 13, 2032. NVIDIA's commitment to purchase unsold capacity ensures a baseline level of utilization and revenue.
Are there any conditions for NVIDIA's purchase of unsold capacity?
Yes, NVIDIA is obligated to purchase the residual unsold capacity subject to the satisfaction of delivery and availability of service requirements, and assuming no termination of the agreement.
How long is this agreement in effect?
The commitment for NVIDIA to purchase unsold capacity runs through April 13, 2032, subject to the terms and conditions of the Master Services Agreement and any potential termination events.
04—Continue