Summary
CoreWeave, Inc. (CRWV) has announced a significant expansion of its cloud computing capacity services for Meta Platforms, Inc. (Meta). Under a new order form executed on March 31, 2026, and governed by their existing Master Services Agreement, Meta has committed to approximately $21 billion for cloud computing capacity. This substantial commitment spans through December 20, 2032, and includes access to new computing capacity as well as the exercise of an existing option for additional capacity extending through April 10, 2032. This $21 billion order highlights Meta's continued reliance on CoreWeave for its substantial computing needs and represents a major revenue affirmation for CoreWeave. The agreement's long-term nature, extending nearly eight years for the new capacity, provides significant revenue visibility and underscores CoreWeave's critical role in supporting the infrastructure demands of major technology players. The filing also notes customary termination clauses for cause and standard contractual provisions.
Key Highlights
- 1Meta Platforms, Inc. has committed approximately $21 billion to CoreWeave for cloud computing capacity.
- 2The new order form was executed on March 31, 2026, under an existing Master Services Agreement.
- 3The commitment covers access to new computing capacity through December 20, 2032.
- 4It also includes the exercise of an existing option for additional computing capacity through April 10, 2032.
- 5This agreement significantly extends the long-term revenue visibility for CoreWeave.
- 6The Master Services Agreement includes standard provisions for termination for cause, representations, warranties, indemnification, and limitations on liabilities.