How Backblaze’s Multi-Exabyte CoreWeave Deal At Backblaze (BLZE) Has Changed Its Investment Story

Simply Wall St.06-24

Backblaze, Inc. recently announced a multi-exabyte, US$335 million agreement to provide HDD-based storage capacity for CoreWeave, Inc.’s AI Object Storage, enabling more efficient tiering of data and ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2645860225?lang=en_US&edition=fundamental","thumbnail":"https://images.simplywall.st/asset/industry/8030001-choice1-main-header/1585186837196","is_english":true,"pubTime":"2026-06-24 14:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2645860225","market":"nz","top_or_hot":-1,"title":"How Backblaze’s Multi-Exabyte CoreWeave Deal At Backblaze (BLZE) Has Changed Its Investment Story","media":"Simply Wall St.","content":"<div>\n<p>Backblaze, Inc. recently announced a multi-exabyte, US$335 million agreement to provide HDD-based storage capacity for CoreWeave, Inc.’s AI Object Storage, enabling more efficient tiering of data and ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/software/nasdaq-blze/backblaze/news/how-backblazes-multi-exabyte-coreweave-deal-at-backblaze-blz\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Backblaze’s Multi-Exabyte CoreWeave Deal At Backblaze (BLZE) Has Changed Its Investment Story</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Backblaze’s Multi-Exabyte CoreWeave Deal At Backblaze (BLZE) Has Changed Its Investment Story\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-24 14:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/software/nasdaq-blze/backblaze/news/how-backblazes-multi-exabyte-coreweave-deal-at-backblaze-blz><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Backblaze, Inc. recently announced a multi-exabyte, US$335 million agreement to provide HDD-based storage capacity for CoreWeave, Inc.’s AI Object Storage, enabling more efficient tiering of data and ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/software/nasdaq-blze/backblaze/news/how-backblazes-multi-exabyte-coreweave-deal-at-backblaze-blz\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4116","symbol_name":"互联网服务与基础架构","start_time":0,"source_url":"https://simplywall.st/stocks/us/software/nasdaq-blze/backblaze/news/how-backblazes-multi-exabyte-coreweave-deal-at-backblaze-blz","article_id":"2645860225","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/8030001-choice1-main-header/1585186837196"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/software/nasdaq-blze/backblaze/news/how-backblazes-multi-exabyte-coreweave-deal-at-backblaze-blz","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2645860225","pubTimestamp":1782282776,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Backblaze, Inc. recently announced a multi-exabyte, US$335 million agreement to provide HDD-based storage capacity for CoreWeave, Inc.’s AI Object Storage, enabling more efficient tiering of data and preserving high-performance resources for intensive AI workloads across the model lifecycle.\nThe deal deepens Backblaze’s role in AI infrastructure by plugging its cost-focused cloud storage into CoreWeave’s platform, where 9 of the top 10 AI model providers already run workloads, potentially...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4116":"互联网服务与基础架构","BLZE":"Backblaze, Inc."},"translate_title":"Backblaze与Backblaze(BLZE)的多Exabyte CoreWeave交易如何改变其投资故事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLZE":1.97},"content_text":"Backblaze, Inc. recently announced a multi-exabyte, US$335 million agreement to provide HDD-based storage capacity for CoreWeave, Inc.’s AI Object Storage, enabling more efficient tiering of data and preserving high-performance resources for intensive AI workloads across the model lifecycle. The deal deepens Backblaze’s role in AI infrastructure by plugging its cost-focused cloud storage into CoreWeave’s platform, where 9 of the top 10 AI model providers already run workloads, potentially broadening Backblaze’s reach among large, data-intensive customers. We’ll now examine how this multi-exabyte CoreWeave agreement could influence Backblaze’s AI-focused growth narrative and evolving enterprise storage positioning. The future of work is here. Discover the 31 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation.AdvertisementBackblaze Investment Narrative RecapTo own Backblaze, you need to believe its transition from legacy Computer Backup toward B2 Cloud as an AI-focused storage partner can offset pressure from declining backup revenues and moderating net revenue retention. The CoreWeave deal looks material to that thesis in the near term, reinforcing AI as the key catalyst while also heightening concentration risk if a few very large AI workloads drive a disproportionate share of usage and revenue. The CoreWeave agreement lines up closely with earlier AI-focused moves such as the launch of B2 Overdrive in 2025, which targeted multi-petabyte AI and high-performance workloads with higher priced, high-throughput storage. Together, these developments reinforce AI and large enterprise deals as the main potential growth drivers, while the legacy backup business and intense cloud pricing competition remain important constraints on the story. Yet, against this AI-driven opportunity, investors also need to be aware that... Read the full narrative on Backblaze (it's free!)Backblaze's narrative projects $201.4 million revenue and $15.7 million earnings by 2029. This requires 10.3% yearly revenue growth and a $38.1 million earnings increase from -$22.4 million today.Uncover how Backblaze's forecasts yield a $9.34 fair value, a 14% upside to its current price.Exploring Other PerspectivesBLZE 1-Year Stock Price Chart The most bullish analysts already expected revenue to reach about US$213 million by 2028, and saw large AI alliances as a key upside catalyst, so this CoreWeave deal may either validate that optimism or force you to reassess how concentrated that AI bet really is.Explore 5 other fair value estimates on Backblaze - why the stock might be worth over 2x more than the current price!Decide For YourselfDisagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.A great starting point for your Backblaze research is our analysis highlighting 2 important warning signs that could impact your investment decision.Our free Backblaze research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Backblaze's overall financial health at a glance.Ready For A Different Approach?Our daily scans reveal stocks with breakout potential. Don't miss this chance:Rare earth metals are the new gold rush. Find out which 29 stocks are leading the charge.Outshine the giants: these 14 early-stage AI stocks could fund your retirement.Invest in the nuclear renaissance through our list of 89 elite nuclear energy infrastructure plays powering the global AI revolution.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're here to simplify it.Discover if Backblaze might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2645860225","isCrawlerRequest":true}