CoreWeave Continues to Contract New Compute Capacity at Higher Prices

CoreWeave, Inc. has continued to contract new compute capacity at higher prices since June 30, 2026. In the third quarter of 2026, the company signed short-dated customer contracts spanning three to six months at pricing of approximately $40 million per megawatt, calculated as annualized revenue divided by power required to service the related clusters.

The company added more than $25 billion of net new customer commitments early in the third quarter of 2026. These commitments are not reflected in the revenue backlog as of June 30, 2026. CoreWeave increased its total contracted power to approximately 4.2 gigawatts as of August 11, 2026, compared to approximately 3.7 gigawatts as of June 30, 2026.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, including CoreWeave's ability to continue contracting new capacity, to improve pricing, and to deliver on customer commitments and revenue backlog. The forward-looking statements are subject to risks including capital markets conditions, the cost and availability of financing, supply chain constraints, the timing of power and capacity deliveries, customer concentration, contract performance, and pending litigation. These statements are based on current expectations, forecasts, and assumptions and may differ materially from actual results. Factors affecting these results are discussed in CoreWeave's Securities and Exchange Commission filings, including the sections titled "Special Note Regarding Forward-Looking Statements" and "Risk Factors" in its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2026. CoreWeave does not assume any obligation to update these statements as a result of new information or future events.