capexScore 100/100Watch
CoreWeave 2026 capex raised to $35-39B; power ramp to 8GW by 2030 with new long-term 'Solidine' supply agreement
“we now expect 2026 capex in the range of 35 to 39 billion... our recent long-term agreement with Solidine is one illustration of how we are derisking access to the critical inputs needed to serve our customers.”
Why it matters
$35-39B of annual capex and 500MW of power added in a single quarter — more than any other neocloud's total footprint — shows the pace of AI data center and power procurement, now extending into long-term direct component supply agreements.
Investment implication
Bullish for data center power, cooling, electrical equipment, and GPU/OEM suppliers capturing CoreWeave's spend; the unnamed 'Solidine' agreement signals vertical integration of the supply chain by hyperscale neoclouds.