CoreWeave Signs Long-Term AI Infrastructure Contract with Meta, Executives Continue Stock Sales

CoreWeave, Inc. (Nasdaq: CRWV), a provider of AI cloud infrastructure, has signed a long-term deal with Meta Platforms to supply dedicated AI cloud capacity through December 2032. The agreement is valued at roughly $21 billion (about KRW 30 trillion). To meet Meta’s substantial AI inference needs, CoreWeave plans to deploy capacity across multiple regional data centers and to accelerate adoption of NVIDIA’s next-generation Vera Rubin platform for high-performance computing.

In mid-March, CoreWeave’s Chief Financial Officer and Chief Strategy Officer each sold tens of millions of dollars’ worth of common stock—equivalent to several hundred billion Korean won—under SEC Rule 10b5-1 trading plans. Despite these sales, both executives continue to hold significant indirect stakes through trusts and spousal ownership.

Recently, CoreWeave raised capital for large-scale infrastructure investments by privately placing $3.5 billion of convertible senior notes due 2032 (approximately KRW 4.7 trillion) and securing $8.5 billion (about KRW 11.9 trillion) in GPU-collateralized loans to fund the expansion of its AI cloud platform. (See: nasdaq.com/press-release/coreweave-prices-upsized-35-billion-convertible-senior-notes-offering-2026-04-10)

Founded in 2017 with backing from NVIDIA, CoreWeave operates GPU-based data centers that provide AI training, inference and high-performance computing services. Since its Nasdaq debut in March 2025, the company has expanded major long-term contracts with OpenAI, Meta and others, building a sales backlog of approximately $66.8 billion (around KRW 90 trillion) as of year-end 2025 and solidifying its position in the AI infrastructure market. (See: nasdaq.com/press-release/coreweave-reports-strong-fourth-quarter-and-fiscal-year-2025-results-2026-02-26)