Key Takeaways:
- Coreweave signed a multi-year agreement with Anthropic to run Claude AI models on its GPU cloud platform starting later in 2025.
- The deal gives Coreweave 9 of the top 10 AI model providers as clients, reflecting rising infrastructure demand.
- Anthropic joins OpenAI and Meta as Coreweave customers, expanding the company’s $66.8 billion revenue backlog.
Coreweave Signs Anthropic to Multi-Year Cloud Pact as AI Demand Grows
Coreweave‘s (Nasdaq: CRWV) deal, announced Friday, will bring compute capacity online later this year in a phased rollout, with potential to expand over time. Financial terms were not disclosed.
Anthropic joins a client base that now includes nine of the world’s top 10 AI model providers on Coreweave’s platform. The New Jersey-based cloud company has built its business around GPU-accelerated infrastructure designed specifically for large-scale AI workloads.
Under the agreement, Anthropic will use Coreweave’s cloud platform to run production-scale workloads. Coreweave’s infrastructure stack covers GPU compute, high-throughput storage, low-latency networking, and managed software tools built for AI training and inference.
“We’re excited to work with Anthropic at the center of where models are put to work and performance in production shows up,” Michael Intrator, co-founder, CEO and chairman of Coreweave, remarked. “It’s exactly the kind of real-world deployment of AI that Coreweave was built for.”
Anthropic, founded in 2021 and headquartered in San Francisco, is among the leading AI research companies in the United States. Its Claude models compete directly with offerings from OpenAI and Google. The company has expanded its infrastructure partnerships as demand for its models grows across developers, startups, and enterprise customers.
Coreweave went public on the Nasdaq on March 28, 2025, raising approximately $1.5 billion in one of the largest AI-related listings to date. The company posted $5.13 billion in revenue for full-year 2025 and carries a revenue backlog of $66.8 billion. It projects revenue of $12 billion to $13 billion for 2026.
The Anthropic deal adds to a client roster that includes Microsoft, OpenAI, and Meta. OpenAI has a contract valued at more than $12 billion. Meta signed an expanded infrastructure agreement worth $21 billion. Microsoft has historically accounted for more than 60% of Coreweave’s revenue, though the company has worked to diversify that concentration.
Coreweave holds the top Platinum ranking in both Semianalysis ClusterMAX 1.0 and 2.0, which evaluate AI cloud performance, efficiency, and reliability. The company also holds an industry-leading MLPerf benchmark score for AI workloads.
The company operates 32 to 43 data centers across the United States and Europe, with hundreds of thousands of Nvidia GPUs deployed. Coreweave has set a target of 1.7 gigawatts of power capacity by end-2026, with a longer-term goal of multi-gigawatt expansion in partnership with Nvidia by 2030.
Coreweave was founded in 2017 as Atlantic Crypto, an ethereum mining operation. After the 2018 to 2019 crypto market downturn, the company shifted its GPU inventory toward rendering and machine learning workloads, rebranded to Coreweave, and moved fully into AI cloud infrastructure as generative AI demand accelerated.
Nvidia holds a strategic investment in Coreweave and committed an additional $2 billion in 2026. The chipmaker’s GPUs, including the H100, H200, and Blackwell series GB200 NVL72, form the core of Coreweave’s compute offering.
Coreweave plans capital expenditure of $30 billion to $35 billion in 2026 to fuel continued expansion, targeting a revenue run-rate above $30 billion by the end of 2027.
