Backblaze (NASDAQ:BLZE) rose 43.60% on June 23, 2026, as CoreWeave storage deal created a major revenue opportunity, with shares closing at $11.66.

Key Highlights

  • Rose 43.60%: Backblaze closed at $11.66 on June 23 after moving $3.54 per share.
  • Catalyst: During the session, CoreWeave storage deal created a major revenue opportunity.
  • Company: Backblaze provides cloud storage, backup and data infrastructure services to businesses and developers.
  • Session: The stock finished at $11.66, while the available company record showed a disclosed catalyst for the move.

Backblaze (NASDAQ:BLZE) rose 43.60% on June 23, 2026, closing at $11.66 after a $3.54 per-share move. The session’s advance came as CoreWeave storage deal created a major revenue opportunity, based on the available company disclosures and trading context.

Backblaze announced a five-year, multi-exabyte data storage agreement with CoreWeave valued at approximately $335 million, establishing Backblaze as a key storage provider for AI workloads. The deal covers B2 Cloud Storage in Backblaze data centers and managed storage within CoreWeave facilities, with the structure including equity upside for CoreWeave via two warrants covering up to 4.19 million common shares at $7.60 per share.

Backblaze provides cloud storage, backup and data infrastructure services to businesses and developers.

The agreement validates Backblaze's positioning as an independent cloud storage provider capable of winning large AI infrastructure contracts alongside major neocloud providers. The deal represents a step-change revenue opportunity relative to the company's approximately $150 million annual revenue run rate.

The session reflected a company-specific operating, product or commercial development described in the available disclosures. The information affected how the market assessed current business activity without constituting a new earnings report unless explicitly stated.

The stock closed at $11.66, a 43.60% advance from the prior session. No additional guidance change was identified beyond the developments already disclosed.

For the June 23 close, the defining facts were the 43.60% advance, the $11.66 closing price and the catalyst described above. Any further change in the investment record would require a new filing, financial update, regulatory communication or transaction announcement from the company.