Jane Street buys CoreWeave capacity

Jane Street is spending about $6 billion on CoreWeave’s artificial intelligence cloud and adding another $1 billion to its equity stake. (coreweave.com) CoreWeave said on April 15 that the new commitment expands an existing relationship and gives Jane Street access to next-generation computing across multiple facilities, including Nvidia’s Vera Rubin systems. Jane Street bought CoreWeave Class A shares at $109 each as part of the deal. (coreweave.com) Reuters reported the new purchase lifts Jane Street’s CoreWeave position to about $1.44 billion, making the trading firm the company’s fifth-largest shareholder, according to London Stock Exchange Group data. Reuters also said the $109 share price was a 7% discount to CoreWeave’s previous close. (usnews.com) Cloud capacity is rented computing power in remote data centers, and CoreWeave sells large clusters of graphics processing units built for training and running artificial intelligence models. Jane Street said it uses machine learning across its business to train large models on “massive volumes of noisy data” tied to global financial markets. (sec.gov, coreweave.com) The deal lands a year after CoreWeave’s March 28, 2025 initial public offering on Nasdaq under the ticker CRWV. Since then, the company has pitched itself as a specialist cloud provider for customers that need faster access to scarce artificial intelligence chips than the biggest general-purpose clouds can always provide. (investors.coreweave.com, sec.gov) CoreWeave reported $5.131 billion in 2025 revenue on February 26 and said its revenue backlog had reached $66.8 billion as of December 31, 2025. The company also posted a 2025 net loss of $1.167 billion, reflecting how expensive it is to build and finance new data-center capacity. (investors.coreweave.com) Jane Street’s order follows two other large CoreWeave customer wins announced last week. CoreWeave said on April 9 that Meta expanded its agreement by about $21 billion through 2032, and on April 10 the company announced a multi-year deal to run Anthropic workloads starting later in 2026. (coreweave.com, coreweave.com) For CoreWeave, the latest contract adds another buyer outside the biggest technology platforms. For Jane Street, it locks in access to the same kind of specialized computing that has become a bottleneck for artificial intelligence labs, only this time for trading and research. (usnews.com, coreweave.com)