CoreWeave, Inc. (NASDAQ:CRWV) shares are up during Friday’s premarket session. The company disclosed a multi-year agreement with Anthropic to support the development and deployment of AI models.

This partnership highlights CoreWeave’s growing role in the AI infrastructure space, as it is expanding its cloud platform to meet increasing demand.

Anthropic Multi-Year Deal

As per the deal, Anthropic will utilize CoreWeave’s cloud platform to run workloads at production scale, benefiting from its high performance and reliability.

The partnership between Anthropic and CoreWeave will start with a staged deployment of infrastructure, with further expansion expected as the collaboration progresses. The multi-year deal will begin bringing compute capacity online later this year.

With this collaboration, CoreWeave expects to boost its position in the rapidly evolving and expanding AI market.

Upsizes Convertible Notes, Prices Parallel Debt Deal

CoreWeave priced an upsized $3.5 billion offering of 1.75% convertible senior notes due 2032, raising the deal size from $3.0 billion, with closing expected April 14, 2026.

The notes carry a 1.75% coupon, a conversion price of about $119.60 per share (≈30% premium), and flexible settlement in cash or stock. Proceeds will largely fund general corporate purposes, ...