Backblaze signs $335M multi-exabyte storage deal with CoreWeave, grants warrants

Backblaze, Inc.

Total contract value ~$335M over initial 5- and 7-year order forms for cloud storage services.
Backblaze issues warrants to CoreWeave for 4,194,876 shares at $7.60 exercise price.
Initial warrant vests quarterly over 5 years; additional warrant vests based on storage capacity contracted.
Deal positions Backblaze as key storage provider for AI workloads, leveraging HDD-based tiers in CoreWeave's AI Object Storage.
CoreWeave customers gain immediate access to new service tiers without code modifications.

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