Backblaze rally leaves CoreWeave deal below stated price
Backblaze surged 43.6% after landing a $335 million CoreWeave contract—4.2 times its 2025 B2 Cloud Storage revenue—but the stock’s $213 million equity gain values the deal at just 63 cents per contract dollar, as investors weigh costs, timing, and potential dilution from CoreWeave warrants covering up to 7% of shares.