Bradley Sills

Brad Zelnick

Gregg Moskowitz

Keith Weiss

Mark Murphy

Michael Turrin

Raimo Lenschow

Tyler Radke

Kash Rangan

Mike Cikos

Benjamin Reitzes

Brent Thill

Kasthuri Rangan

Michael Cikos

- CoreWeave, Inc. (CRWV) entered into a **Fifth Amendment to its Credit Agreement** on **September 29, 2025**, with CoreWeave Compute Acquisition Co., IV, LLC as the Borrower and CoreWeave, Inc. as the Parent, alongside various lenders.  **[1769628_0001193125-25-227562_d910811dex101.htm:0]** 
- This amendment modifies the existing Credit Agreement, originally dated May 16, 2024, and previously amended four times.  **[1769628_0001193125-25-227562_d910811dex101.htm:0]** 
- The changes introduce **Fifth Amendment Financial Covenants** and a **Fifth Amendment Minimum Liquidity** requirement.  **[1769628_0001193125-25-227562_d910811dex101.htm:151]** 
- Additionally, a Permitted Takeout is **not allowed** for the **Fifth Amendment Delayed Draw Loan Facility**.  **[1769628_0001193125-25-227562_d910811dex101.htm:147]**

CoreWeave Amends Credit Agreement

- On **September 25, 2025**, CoreWeave, Inc. entered into a new order form with Meta Platforms, Inc. under an existing Master Services Agreement dated December 10, 2023.  **[1769628_0001769628-25-000050_crwv-20250925.htm:1]** 
- Under this new order form, Meta has initially committed to pay CoreWeave **up to approximately $14.2 billion** through **December 14, 2031**, for access to cloud computing capacity.  **[1769628_0001769628-25-000050_crwv-20250925.htm:1]** 
- Meta also has the option to materially expand its commitment for additional cloud computing capacity through 2032.  **[1769628_0001769628-25-000050_crwv-20250925.htm:1]**

CoreWeave Secures Significant Cloud Computing Contract with Meta Platforms

- CoreWeave, Inc. and OpenAI OpCo, LLC entered into a new order form on **September 23, 2025**, under an existing Master Services Agreement dated May 8, 2025.  **[1769628_0001193125-25-216497_d17274d8k.htm:1]** **[1769628_0001193125-25-216497_d17274d8k.htm:1]** 
- Under this new order form, OpenAI has committed to pay CoreWeave **up to approximately $6.5 billion** through **May 31, 2031**, for cloud computing capacity.  **[1769628_0001193125-25-216497_d17274d8k.htm:1]** **[1769628_0001193125-25-216497_d17274d8k.htm:1]** 
- CoreWeave has determined that this Master Services Agreement is a **material agreement**.  **[1769628_0001193125-25-216497_d17274d8k.htm:1]** **[1769628_0001193125-25-216497_d17274d8k.htm:1]**

CoreWeave enters into a significant cloud computing agreement with OpenAI

- CoreWeave is positioned as the **sole "platinum bucket" provider** for GPU AI infrastructure by independent research, building purpose-built cloud solutions for AI workloads that are distinct from general-purpose clouds.  **[1769628_tx_376104_0]** **[1769628_tx_376104_1]** 
- The company's financing strategy relies on **98% of revenue from committed long-term customer contracts** (3-5 years, take-or-pay), enabling it to fund infrastructure through asset-backed structures and achieve **over $25 billion in committed funding** since 2024 at continuously lower costs of capital.  **[1769628_tx_376104_2]** **[1769628_tx_376104_7]** 
- CoreWeave is experiencing **relentless demand** for its AI compute, with customer conversations now at **gigawatt-plus scale deployments**, and projects to increase active power to **over 900 megawatts** by year-end from 470 megawatts at the end of Q2.  **[1769628_tx_376104_6]** 
- Strategic growth initiatives include the acquisition of Weights and Biases to build up-stack capabilities and the planned acquisition of Core Scientific, which is expected to add **1.3 gigawatts of gross power** and generate **$500 million in annualized run rate savings by 2027**.  **[1769628_tx_376104_4]** **[1769628_tx_376104_7]** **[1769628_tx_376104_9]**

CoreWeave Discusses AI Infrastructure Demand, Financing Strategy, and Growth Initiatives at Deutsche Bank Conference

CoreWeave (CRWV)