Blaze Soars 43% on $335M Five-Year AI Cloud Storage Deal
BLZE•Blaze secured a $335 million, five-year cloud storage agreement with CoreWeave, driving its shares up 43.6% after trading between $9.62 and $11.85 in the session. The contract targets AI workloads and marks a significant expansion of Blaze’s enterprise storage footprint.
1. Agreement Overview
Blaze has signed a $335 million, five-year cloud storage agreement with CoreWeave to support AI processing workloads, marking the company’s largest enterprise contract to date.
2. Stock Performance
Shares of Blaze climbed 43.6%, trading between $9.62 and $11.85 and reaching a session peak of $11.66 as investors reacted positively to the new contract.
3. Strategic Impact
The agreement reinforces Blaze’s position in AI-focused cloud storage, significantly expanding its enterprise storage footprint and delivering multi-year revenue visibility for future growth.
