Overview
- CoreWeave and Hudson River Trading announced a multiyear, multibillion‑dollar expansion of a partnership that began in March, with companies describing the agreement as a material extension of their work together announced Thursday.
- Under the deal HRT will receive priority, large‑scale access to Nvidia’s next‑generation Vera Rubin NVL72 systems and HGX B200 platforms for training models and running trading research workloads.
- CoreWeave says it validated the Vera Rubin platform and raised prices about 25% in July, and it expects newer contracts to deliver higher contribution margins than older deals.
- The company has taken on financing and loan facilities tied to capacity growth and reported roughly 3.7 gigawatts of contracted power at quarter end, highlighting the capital and power demands of serving large quant clients.
- Investors reacted modestly with shares slipping after the announcement, and the deal underscores CoreWeave’s strategy to diversify away from a few big tech customers while raising the stakes on execution and timely capacity build‑out.