CoreWeave signs short-dated compute contracts at about $40 million per megawatt

CoreWeave said it has kept contracting new compute capacity at higher prices since June 30. The new customer contracts run three to six months at roughly $40 million of annualized revenue per megawatt of power required. More than $25 billion of net new commitments were added early in the third quarter and sit outside the June backlog, lifting contracted power to about 4.2 GW.

• About $40M of annualized revenue per MW, on contracts of three to six months
• More than $25B of net new customer commitments, outside the June 30 backlog
• Contracted power about 4.2 GW as of August 11, up from about 3.7 GW at June 30