Meta commits up to $14.2B to CoreWeave (NASDAQ: CRWV) cloud deal

Rhea-AI Filing Summary

CoreWeave, Inc. entered into a new order form with Meta Platforms, Inc. under their existing master services agreement. Under this order, Meta has initially committed to pay CoreWeave up to approximately $14.2 billion for cloud computing capacity through December 14, 2031, subject to delivery and service availability requirements and potential termination rights. Meta also has an option to materially expand its commitment through 2032 for additional capacity. The master services agreement will remain in place until all outstanding orders expire or are terminated, and it includes customary representations, warranties, indemnification and limitations of liability.

Positive

• Major long-term customer commitment: Meta has initially committed to pay CoreWeave up to approximately $14.2 billion for cloud computing capacity through December 14, 2031, with an option to materially expand the commitment through 2032.

Negative

• None.

Insights

Cloud infrastructure and large-contract analyst

CoreWeave secures a long-term Meta cloud commitment of up to $14.2B.

CoreWeave, Inc. has a new order form with Meta Platforms, Inc. under an existing master services agreement, where Meta has initially committed to pay up to approximately $14.2 billion for cloud computing capacity through December 14, 2031. This frames CoreWeave as a key infrastructure provider to a major technology customer, with a multi‑year revenue opportunity tied to reserved capacity orders.

The agreement states that Meta’s payments are subject to delivery and availability of services, and both parties can terminate the master services agreement and related orders for cause. The contract includes customary representations, warranties, indemnification, and liability limitations, which are typical for large enterprise cloud deals and help allocate operational and legal risks.

The filing also notes that Meta has an option to materially expand its commitment through 2032 for additional capacity, which could further increase volumes if exercised. Subsequent company filings may provide more detailed disclosure on how this commitment translates into recognized revenue and any updates on the size or term of Meta’s orders over time.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

FALSE000176962800017696282025-09-252025-09-25

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________________

FORM 8-K

___________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): September 30, 2025 (September 25, 2025)

___________________________________

CoreWeave, Inc.

(Exact name of registrant as specified in its charter)

___________________________________

Delaware			001-42563			82-3060021
(State or other jurisdiction of incorporation or organization)			(Commission File Number)			(I.R.S. Employer Identification Number)
290 W Mt. Pleasant Ave., Suite 4100 Livingston, NJ						07039
(Address of registrant's principal executive offices)						(Zip Code)
Registrant's telephone number, including area code: (973) 270-9737

___________________________________

Not Applicable

(Former name or former address, if changed since last report)

___________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class			Trading Symbol			Name of each exchange on which registered
Class A Common Stock, $0.000005 par value per share			CRWV			The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company    ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On September 25, 2025, CoreWeave, Inc. (the “Company”) and Meta Platforms, Inc. (“Meta”) entered into a new order form (the “Order Form”) under the existing Master Services Agreement (“MSA”) dated as of December 10, 2023, pursuant to which the Company provides Meta access to cloud computing capacity through fulfillment of reserved capacity orders submitted to the Company by Meta and as may be amended upon the Company’s and Meta’s mutual agreement. Subject to any termination described below and satisfaction of delivery and availability of service requirements, Meta has initially committed to pay the Company up to approximately $14.2 billion through December 14, 2031 under the Order Form, with the option to materially expand its commitment through 2032 for additional cloud computing capacity under the Order Form. As a result, the Company has determined that the MSA is a material agreement within the meaning of Item 1.01 of Form 8-K. The MSA will remain in place until either all outstanding orders under the MSA are expired or terminated, or the MSA is otherwise terminated in accordance with its terms. Either party may terminate the MSA (and any order thereunder) for cause. The MSA contains customary provisions regarding representations and warranties, indemnification, and limitations on liabilities.

The foregoing description of the MSA does not purport to be complete and is qualified in its entirety by reference to the full text of the MSA, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.						Description
10.1*†						Master Services Agreement between CoreWeave, Inc. and Meta Platforms, Inc., dated December 10, 2023.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Portions of the exhibit have been omitted from this filing (indicated by “[*]”) pursuant to Item 601(b)(10) of Regulation S-K, which portions will be furnished to the Securities and Exchange Commission (the “SEC”) upon request

† Schedules (or similar attachments) have been omitted from this filing pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule will be furnished to the SEC upon request.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: September 30, 2025

COREWEAVE, INC.
By:			/s/ Michael Intrator
Name:			Michael Intrator
Title:			Chief Executive Officer

FAQ

What new agreement did CoreWeave (CRWV) enter into with Meta Platforms?

CoreWeave entered into a new order form with Meta Platforms, Inc. under an existing master services agreement, providing Meta with access to CoreWeave’s cloud computing capacity through reserved capacity orders.

How much has Meta initially committed to pay CoreWeave (CRWV) under the new order form?

Meta has initially committed to pay CoreWeave up to approximately $14.2 billion under the order form, subject to delivery and service availability requirements.

Over what period does Meta’s up to $14.2 billion commitment to CoreWeave run?

Meta’s initial commitment to pay up to approximately $14.2 billion to CoreWeave runs through December 14, 2031 under the new order form.

Does Meta have an option to increase its cloud commitment with CoreWeave (CRWV)?

Yes. Meta has an option to materially expand its commitment for additional cloud computing capacity with CoreWeave through 2032 under the order form.

Can the CoreWeave–Meta master services agreement be terminated early?

Yes. The master services agreement can be terminated when all outstanding orders expire or are terminated, and either party may also terminate the agreement and any order thereunder for cause, in accordance with its terms.

What standard legal protections are included in the CoreWeave and Meta master services agreement?

The agreement contains customary provisions, including representations and warranties, indemnification, and limitations on liabilities for the parties.