Quantitative trading firm Jane Street has signed on to secure $6 billion in AI cloud capacity from CoreWeave.

The company has also made an equity investment into CoreWeave to the tune of $1 billion, comprising Class A common stock at $109 per share.

The contract will offer Jane Street capacity across multiple facilities and will include Nvidia Vera Rubin hardware. No timeline for the capacity agreement has been provided.

“We are deeply committed to investing in cutting-edge technologies that support our research in global financial markets, training large, complex models on massive volumes of noisy data, refining them continuously, and deploying at a scale to help make markets more efficient,” said Jane Street. “Access to CoreWeave’s leading AI cloud platform enables our researchers to move at the pace our competitive business demands.” 

Max Hjelm, senior vice president of revenue at CoreWeave, said: “Jane Street operates like a frontier lab, continually breaking new ground in deep learning and pushing the scale and complexity of their models. CoreWeave was built for this purpose, and we’re excited to expand our collaboration with Jane Street.”

Jane Street's data center footprint isn't publicly shared, but the company is currently hiring data center engineers in New York and Chicago in the US; London, UK; Hong Kong; Singapore; and Mumbai, India. The listing requires experience with multi-megawatt GPU deployments.

Besides its quant trading efforts, Jane Street also invests in companies, including leading a previous $650m funding round for CoreWeave in 2024. Others include AI chip startup MatX, SMR firm X-energy, and Anthropic.

This is the third major contract CoreWeave has announced this month. Other multi-billion-dollar contracts have been signed with Anthropic and Meta.