June 23, 2026
AI money, storage panic
Backblaze Announces Five-Year Multi-Exabyte Agreement with CoreWeave
Wall Street cheers, commenters roast the buzzwords, and users worry cheap storage may vanish
TLDR: Backblaze signed a $335 million, five-year deal with CoreWeave to store huge amounts of data for artificial intelligence services. Commenters split fast: investors celebrated the stock jump, jokers mocked the buzzword-heavy press release, and everyday users worried cheap Backblaze storage could get harder to find.
Backblaze just landed a five-year, $335 million deal to help power CoreWeave’s giant artificial intelligence storage needs — and while the companies are selling it as a huge win for the AI boom, the comment section instantly turned into a mix of hype, eye-rolls, and mild panic. In plain English: Backblaze, the company people know for affordable online storage, is now helping one of the big AI cloud players handle absolutely massive amounts of data. Investors loved it. One commenter pointed out the stock was up 38% in a day, which is the kind of number that makes finance people scream into group chats.
But the real entertainment came from the community roasting the corporate language. One reader mocked the press release’s endless AI branding with a deadpan jab about the "AI era of AI," basically capturing the mood of everyone who’s exhausted by every company stuffing "AI" into every sentence. And then came the most relatable reaction of all: what happens to regular customers? One commenter immediately wondered whether this mega-deal means Backblaze users will no longer get cheap storage. That’s the tiny spark of drama here: is this a glow-up for Backblaze, or the beginning of "sorry, your bargain cloud is now enterprise-priced"?
So yes, this is a business story about huge servers and even huger contracts. But in the comments, it became something much juicier: stocks pumping, buzzwords getting clowned, and loyal users nervously clutching their backup plans.
Key Points
- •Backblaze announced a five-year, multi-exabyte storage agreement with CoreWeave valued at $335 million.
- •Backblaze will supply cost-efficient storage capacity for portions of CoreWeave’s managed storage infrastructure.
- •The agreement is intended to optimize data placement across storage performance tiers and preserve high-performance resources for AI workloads.
- •Backblaze technology will support HDD-based storage tiers in CoreWeave AI Object Storage.
- •CoreWeave customers already using AI Object Storage with the patented LOTA distributed cache will gain access to new service tiers without code modifications.