Compute · the Ledger · Capacity contract
OpenAI expands CoreWeave capacity agreement by up to $4B under a new MSA dated May 8, 2025
Amended · announced 8 May 2025 · the week to 9 May 2025
- Size
- $4B
Up to $4B (a ceiling).
The parties
- OpenAIcompany pageBuyer
- CoreWeavecompany pageProvider
The source
CoreWeave press release, 2025-09-25Company press release
CoreWeave's 2025-09-25 release describes an expanded agreement with OpenAI worth up to $4 billion in May 2025; its 8-K of the same day dates the Master Services Agreement May 8, 2025. Expands openai-coreweave-capacity-2025-03.
The same parties, other deals
- Nvidia gives SB Energy residual value guaranties, capped at $105B, on ~4.25 GW of Ohio data center leases to OpenAI$105B · 17 Aug 2026
- Jane Street commits ~$6B to CoreWeave's AI cloud and buys $1B of CoreWeave stock at $109.00$6B · 15 Apr 2026
- Meta signs a new CoreWeave order form; Meta's initial commitment is ~$21B through December 20, 2032$21B · 9 Apr 2026
- CoreWeave closes $8.5B DDTL 4.0, rated A3/A (low), to finance GPU servers for a customer contract$8.5B · 31 Mar 2026
- Amazon agrees to invest $50B in OpenAI: $15B in the current round plus a $35B commitment tied to milestones or an IPO$50B · 27 Feb 2026
- OpenAI expands its AWS agreement by $100B over eight years, including ~2 GW of Trainium capacity$100B · 27 Feb 2026