Post Content
April 15 (Reuters) – Trading firm Jane Street has committed about $6 billion for CoreWeave’s cloud services, marking the third multi-billion-dollar deal for the Nvidia-backed neocloud company in a week and underscoring surging demand for computing capacity as AI use rises.
Jane Street also made a $1 billion equity investment in CoreWeave at a purchase price of $109 per share, representing a discount of 7% to CoreWeave’s last closing price.
The investment will bring Jane Street’s position in CoreWeave to about $1.44 billion, according to LSEG data, making the firm the fifth-largest shareholder in the company.
CoreWeave shares, which have surged nearly 64% so far this year, were down marginally in premarket trading.
Last week, the company struck a multi-year deal with Claude-creator Anthropic to supply the AI company with computing capacity and also announced an expanded $21 billion deal with Meta.
(Reporting by Deborah Sophia in Bengaluru; Editing by Tasim Zahid)