invest1 publisher
CoreWeave has brought 27% of its contracted power online behind a $66.8bn backlog
CoreWeave's revenue backlog reached $66.8bn at the end of 2025, or 13.4 times the $5bn of revenue it booked for the year. The contracts are conditioned on delivery, and 2.25 GW of its contracted power is not yet live.
Publishers:investors.coreweave.com
Reality
- Evidence52
- Adoption58
- Hype gap+32
- Incentives88
- Confidence60