CoreWeave (NASDAQ: CRWV) announced an expanded agreement with Meta Platforms to provide AI cloud capacity valued at approximately $21 billion through December 2032, according to a company statement.

The deal extends the existing relationship between the two companies and will support Meta's AI development and deployment activities. The dedicated capacity will be distributed across multiple locations and include initial deployments of the NVIDIA Vera Rubin platform.

CoreWeave described the arrangement as designed to optimize performance, resilience, and scalability for Meta's AI operations. The company characterized the agreement as reflecting accelerating industry demand for high-performance infrastructure supporting large-scale AI workloads.

"This is another example that leading companies are choosing CoreWeave's AI cloud to run their most demanding workloads," said Michael Intrator, co-founder and CEO of CoreWeave.

CoreWeave completed its public listing on Nasdaq in March 2025. The company filed additional details regarding the Meta agreement with the U.S. Securities and Exchange Commission.

The New Jersey-based company positions itself as a specialized AI cloud provider, serving AI laboratories, startups, and enterprises. CoreWeave was established in 2017.