Key points
- CoreWeave (CRWV) signed a multi-year AI cloud deal with Hudson River Trading. Neither company disclosed a dollar figure.
- HRT will build its next research platform on CoreWeave's Nvidia Vera Rubin NVL72 and HGX B200 systems, linked to its own data centers over Spectrum-X networking.
- CRWV was up 0.55% at $91.37 shortly before 10 a.m. Eastern Thursday, versus Wednesday's $90.87 close.
CoreWeave (CRWV) announced Thursday that Hudson River Trading has selected its cloud platform for the quantitative trading firm's artificial intelligence and machine learning research. The companies characterized the agreement as multi-year but did not reveal its duration or financial terms. Bloomberg and several other news outlets have described the contract as a multibillion-dollar deal.
Hudson River Trading provides liquidity across global markets and trades directly with clients, and the firm already runs one of the more advanced computing environments in finance for research, modeling and risk management. CoreWeave called the agreement an expansion of an existing relationship between the two companies.
HRT will build its next research platform on CoreWeave's Nvidia (NVDA) Vera Rubin NVL72 and HGX B200 GPU systems, connected over Nvidia's Spectrum-X Ethernet networking. CoreWeave described the setup as dedicated, high-bandwidth infrastructure built to move data between HRT's own data centers and CoreWeave's platform.
"As we scale our AI and machine learning research, the AI platform we build on matters as much as the models we build," said HRT's head of R&D, Kevin Lee. "We chose CoreWeave because they understand what it takes to run AI in demanding production environments, and because we're confident they'll scale alongside us as our ambitions do."
CoreWeave's chief revenue officer, Jon Jones, called financial services "one of the most demanding proving grounds for AI," and said HRT is "one of the companies setting the standard for what it means to bring AI into production in a performance-critical environment."
CoreWeave's customer list keeps growing
The HRT deal is the latest in a run of large infrastructure agreements CoreWeave has signed this year. In April, the company extended its cloud capacity contract with Meta (META) through December 2032 at a cost of about $21 billion. In August, it signed a multi-year supply deal with SK Hynix's (SKHY) Solidigm unit for priority access to enterprise solid-state drives, also without disclosing terms. CoreWeave's revenue backlog reached $104 billion as of June 30, up from $99.4 billion three months earlier, when it reported second-quarter results that beat Wall Street's estimates.
CRWV was trading at $91.37 at 9:55 a.m. Eastern Thursday, up 0.55% from Wednesday's $90.87 close.
Sources
- CoreWeave and Hudson River Trading announcement, August 20, 2026, for the agreement terms, the Kevin Lee and Jon Jones quotes, and the infrastructure details
- CoreWeave Form 8-K exhibit filed April 9, 2026, for the $21 billion Meta agreement running through December 2032
- CoreWeave second-quarter 2026 earnings presentation, August 11, 2026, for the $104 billion revenue backlog as of June 30
- Price data via Robinhood as of 9:55 a.m. Eastern, August 20, 2026
