Jane Street Secures $6 Billion Cloud Deal to Power Artificial Intelligence Trading
New York, Wednesday, 15 April 2026.
On April 15, 2026, Jane Street committed $6 billion to CoreWeave for cloud computing, simultaneously acquiring a $1 billion equity stake to aggressively expand its artificial intelligence capabilities.
Scaling Quantitative Models in the Cloud
The comprehensive 7 billion agreement, finalized on Wednesday, April 15, 2026, dramatically expands the existing relationship between the two entities [2][3]. Beyond the primary cloud services contract, Jane Street secured an additional $1 billion equity stake in CoreWeave (Nasdaq: CRWV) by purchasing Class A common stock at $109.00 per share [1][2][4]. This purchase price represents a 7% discount, elevating the proprietary trading firm’s total equity position in the cloud provider to approximately $1.44 billion and cementing its status as CoreWeave’s fifth-largest shareholder [1][3][5][6].
Infrastructure Demands and Strategic Diversification
To support these rigorous computational requirements, CoreWeave will provide Jane Street with access to next-generation computing power across multiple data center facilities, specifically integrating Nvidia’s highly sought-after Vera Rubin technology [2][3][4]. This hardware allocation highlights a broader trend of top-tier financial institutions racing to secure artificial intelligence infrastructure [GPT]. For CoreWeave, this marks the third major deal secured in just one week, demonstrating a surging, industry-wide demand for specialized computing capacity capable of developing and running advanced AI models [1]. The cloud provider has been actively working to diversify its client portfolio; while Microsoft accounted for approximately 70% of CoreWeave’s revenue in 2025, recent mega-deals—including a massive $21 billion contract to supply Meta with cloud capacity through 2032—indicate a successful broadening of its customer base [3].