Storage provider Backblaze (BLZE) disclosed five- and seven-year CoreWeave orders totaling approximately $335.1 million, less $21.7 million warrant fair value.

Backblaze’s November 2 Form 10-Q describes a Master Strategic Agreement entered into with CoreWeave in June 2026. The agreement covers committed B2 Cloud Storage capacity and managed storage delivered on CoreWeave’s infrastructure.

The two initial order forms have terms of five and seven years, respectively. Their aggregate estimated total contract value is approximately US$335.1 million, less approximately US$21.7 million attributable to the fair value of warrants issued to CoreWeave as the customer.

The disclosed warrant component is distinct from a cash payment and is explicitly deducted in the filing’s contract-value presentation. The supplied excerpt does not provide warrant share counts, exercise prices, ownership-dilution percentages, or the agreement’s contribution to recognized quarterly revenue.

Backblaze separately reports more than 500,000 customers as of September 30, 2026, service usage in more than 175 countries, and more than six billion gigabytes of storage under management. These are company-wide metrics, not measurements of CoreWeave’s contracted capacity or customer concentration.