CoreWeave announced on Thursday that it has entered into an expanded agreement to supply Meta Platforms with $21 billion in cloud capacity, as the social media company scales its infrastructure to support increasingly complex AI workloads.
CoreWeave, Inc. plans to issue $3.0 billion in “convertible senior notes” due 2032 via a private offering. Additionally, the company intends to grant initial purchasers an option to buy up to $450 million more in “notes” within a 13-day window starting from the first day of issuance.
The deal, which extends through December 2032, strengthens the existing partnership between the two companies, said CoreWeave in a press release.
CoreWeave shares rose nearly 8% in premarket trading following the announcement.
By CEO NA Editorial Staff
