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← CoreWeave
Thu, Sep 17, 2026

CoreWeave says new compute capacity is contracting at higher prices

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Key points

  • Since June 30, CoreWeave has kept contracting new compute capacity at higher prices
  • Third-quarter short-dated customer contracts of about three to six months are priced at about $40 million per MW (annualized revenue divided by the power needed to serve the clusters)
  • More than $25 billion of net new customer commitments added early in Q3, not yet in the June 30 revenue backlog
  • Total contracted power increased to about 4.2 GW as of August 11 from about 3.7 GW as of June 30