CoreWeave and Meta Announce $21 Billion Expanded AI Infrastructure Agreement
Meta to leverage CoreWeave's AI cloud platform to scale inference workloads, underscoring the surging demand for large-scale AI compute
This is a Press Release edited by StorageNewsletter.com on June 10, 2026 at 2:01 pmCoreWeave, an essential cloud for AI, announced an expanded, long-term agreement with Meta Platforms, Inc. to provide AI cloud capacity through December 2032 for approximately $21 billion.
With this deal, the two companies are continuing their existing relationship, increasing support for Meta’s development and deployment of AI.
The dedicated capacity will be deployed across multiple locations and will include some of the initial deployments of the Nvidia Vera Rubin platform. This distributed approach is designed to optimize performance, resilience, and scalability for Meta’s AI operations.
The new agreement is a clear signal of the industry’s accelerating demand for high-performance infrastructure capable of supporting increasingly complex, large-scale AI workloads.
“This is another example that leading companies are choosing CoreWeave’s AI cloud to run their most demanding workloads,” said Michael Intrator, co-founder, CEO, chairman, CoreWeave.
Additional details regarding the agreement are available in CoreWeave’s filing with the U.S. Securities and Exchange Commission.
Comments
Second Order Form under December 2023 MSA pushes total Meta commitment to ~$35.2 billion; first Vera Rubin deployments included.
CoreWeave and Meta have signed a second Order Form under their December 10, 2023 Master Services Agreement, committing Meta to approximately $21 billion in additional AI cloud capacity, according to a Form 8-K filed by CoreWeave on April 9, 2026.
The new commitment was actually signed in March 2026, as disclosed in CoreWeave's Q1 2026 earnings release. It runs through December 20, 2032 and also formalizes the exercise of an expansion option Meta held under the prior September 25, 2025 Order Form (the $14.2 billion arrangement that ran through December 14, 2031). Combined, Meta's total contractual commitment to CoreWeave now reaches approximately $35.2 billion.
Per the 8-K, the new Order Form covers reserved capacity orders submitted by Meta to CoreWeave under the existing MSA. Either party may terminate the MSA or any order under it for cause. CoreWeave reiterated that the MSA is a material agreement under Item 1.01 of Form 8-K.
Where the September 2025 deal was framed around "next-generation workloads," the April 2026 announcement is explicit: Meta will use CoreWeave's capacity to scale inference. The deployment will include the first installations of Nvidia's Vera Rubin platform and will be distributed across multiple CoreWeave sites for resilience and scalability. Spending under the new commitment runs from 2027 through 2032, after the prior Order Form's delivery schedule.
CoreWeave's revenue backlog reached $99.4 billion at March 31, 2026, up from $55.6 billion at September 30, 2025. The Meta uplift alone accounts for roughly $21 billion of that sequential increase. The Q1 2026 release also disclosed a multi-year agreement with Anthropic and expanded relationships with Cohere, Jane Street, Mistral, Perplexity and others. Active power crossed 1GW during the quarter.
Funding the buildout continues to expand CoreWeave's debt stack. On April 16, 2026, the company priced a $1.0 billion tap of its 9.750% senior unsecured notes due October 2031, issued at 102% of principal under the April 14, 2026 indenture under which $1.75 billion of the same series was already outstanding. CoreWeave entered 2026 with approximately $21 billion of debt on the balance sheet and added an $8.5 billion facility in March to fund infrastructure tied to new contracts.
Meta has guided 2026 capex of $115–135 billion, against a 2025 outlay of $72 billion, and continues to build its own data center footprint (including a $10 billion Texas site) in parallel. CoreWeave CEO Michael Intrator characterized the dual-track approach as a risk-management decision by Meta, the hyperscaler will continue self-building, but also keeps contracting external capacity because, in his words, "there is too much risk not to."
Sources: CoreWeave Form 8-K dated March 31, 2026 (filed April 9, 2026); CoreWeave Form 8-K dated September 25, 2025; CoreWeave Q1 2026 earnings press release; CoreWeave Q3 2025 earnings press release; CoreWeave Exhibit 99.2, April 16, 2026.
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