Backblaze, Inc. entered into a Master Strategic Agreement with CoreWeave, Inc. effective June 16, 2026, with an estimated total contract value of approximately $335 million over five and seven-year terms. The agreement includes the provision of cloud object storage capacity via the B2 Cloud Storage platform and managed storage solutions. As part of the transaction, Backblaze issued two common stock purchase warrants to CoreWeave, Inc. to purchase a total of 4,194,876 shares of common stock at an exercise price of $7.60 per share. Backblaze, Inc. operates in the cloud storage and data center services industry.
