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CoreWeave now holds $35 billion in contracts with Meta, making the tech firm one of its largest customers.
CoreWeave signed a $21 billion deal to supply AI cloud capacity to Meta through 2032.
KEY POINTS
- CoreWeave now holds $35 billion in contracts with Meta, making Meta one of its largest customers.
- CoreWeave is offering $3 billion in convertible senior notes and $1.25 billion in senior notes to fund expansion.
- The $1.25 billion in senior notes will offer just above 10% interest and may be sold imminently.
- CoreWeave sought $8.5 billion in bank financing earlier this year to expand cloud capacity for Meta.
COMPANIES
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