CoreWeave prices short-dated Q3 contracts at about $40 million per megawatt
CoreWeave said that since June 30, 2026 it has continued to contract new compute capacity at higher prices. In the third quarter of 2026 it signed short-dated customer contracts of roughly three to six months at pricing of about $40 million per megawatt, defined as annualized revenue divided by the power needed to serve the related clusters. The same release restates points from its August 11 second-quarter call: more than $25 billion of net new customer commitments early in the third quarter that were not in the June 30 revenue backlog, and total contracted power of about 4.2 gigawatts as of August 11, up from about 3.7 gigawatts as of June 30.
Why it matters
This is a primary-source pricing print for short-duration GPU cloud capacity, paired with a still-rising contracted-power figure ahead of the same-day financing announcements.
Companies
- CoreWeave
Risks
- Short-dated contracts can reprice or churn.
- Delivery still depends on financing, supply chain, and power timing.