CoreWeave
A GPU-specialist cloud provider whose published cluster performance and contract structures are common reference points for AI-infrastructure economics.
Current numbers
~$40M/MW annualizedCoreWeave short-dated (3–6-month) contracts, Q3 2026: annualized revenue ÷ cluster power
$2.6B; Term SOFR + 5.50%CoreWeave DDTL 5.5 — published August parent-guaranteed terms
~$104BCoreWeave company-reported revenue backlog at 2026-06-30; excludes >$25B of early-Q3 commitments; not GAAP revenue or a concentration ratio