Coreweave Inks Whopping $14.2B AI Compute Deal With Meta - Crypto Infrastructure Plays Heating Up

Meta just placed one of the largest AI infrastructure bets in history—and crypto-native compute providers are cashing in.

The $14.2B Power Play

Coreweave's blockbuster agreement to supply Meta with computing capacity signals a seismic shift in how tech giants are sourcing processing power. Instead of building everything in-house, they're turning to specialized providers who've cut their teeth on crypto-scale operations.

Why Crypto Infrastructure Matters

While Wall Street obsesses over token prices, the real money's flowing into the picks-and-shovels of digital assets. Companies that mastered distributed computing for blockchain are now eating traditional cloud providers' lunch—proving once again that the smartest crypto investments sometimes wear infrastructure disguises.

Financial analysts are already scrambling to justify why their traditional cloud stock recommendations missed this trend—but then again, most still think 'GPU' stands for 'General Purpose Underperformance.'

CoreWeave shifts revenue away from Microsoft with Meta deal

The deal with Meta pushes Coreweave further away from relying heavily on Microsoft, which had been its largest customer. Microsoft made up 71% of Coreweave’s revenue in the quarter ending June.

This new agreement follows a separate multibillion-dollar commitment from OpenAI announced last week. Intrator said, “When we came out in the IPO, we got dinged because of our customer concentration. This is clearly a step in the right direction for diversification.”

Meta has become one of the biggest spenders on AI infrastructure as CEO Mark Zuckerberg invests in energy, computing power and staff to compete in the fast-moving AI race. In April, Meta said its capital expenditures may reach $72 billion this year, focusing on AI and the data centers needed to train and run the models. This spending shows how large the push for AI hardware has become.

Coreweave’s model also reflects how neoclouds rely on debt financing to build capital-heavy AI infrastructure. Intrator said, “We will tap the debt markets periodically as we continue to expand.” This strategy allows the company to keep up with the massive costs of hardware and data center expansion.

Meta and rivals fund data centers through debt financing

Big cloud providers are also leaning on debt financing to build infrastructure. Meta raised $29 billion in a financing package for a huge data center in Louisiana. Last week, Oracle issued $18 billion in bonds to support infrastructure for OpenAI. These moves show how companies are using large bond sales to fund data-heavy AI projects.

Coreweave’s agreement with Meta puts it deeper into the fight for high-end GPU power while breaking away from its old dependence on Microsoft. With Nvidia’s GB300 systems at the center of the deal, and Meta’s spending aimed at AI and data centers, the contract signals a new phase for both companies as they secure the computing resources needed to run large-scale models.

Join a premium crypto trading community free for 30 days - normally $100/mo.