CoreWeave Secures $335M Five-Year Multi-Exabyte Storage Capacity Deal
CRWV•CoreWeave has entered a $335 million, five-year agreement with Backblaze to expand its storage capacity to multi-exabyte levels. Existing CoreWeave AI Object Storage customers can immediately access the expanded capacity without code updates, supporting the company’s global data center build-out.
1. Storage Agreement Details
CoreWeave signed a $335 million, five-year contract with Backblaze for multi-exabyte object storage capacity, equating to billions of gigabytes to support AI workloads.
2. Customer Access and Implementation
Existing CoreWeave AI Object Storage customers can tap into the expanded storage immediately without requiring code changes, ensuring a seamless upgrade to higher capacity.
3. Strategic Growth and Capacity Scaling
This deal underpins CoreWeave’s aggressive global data center expansion, preserving high-performance compute resources for heavy AI tasks while offloading storage to specialized infrastructure.
4. AI Data Center Market Opportunity
The global AI data center market is projected to grow from $147.3 billion in 2025 to $810.6 billion by 2033 at a 23.9% compound annual growth rate, highlighting escalating demand for cloud storage and computing platforms.
