Authored by Steve Watson via Modernity.news,

Minneapolis city leaders are barreling ahead with plans to legalize adult bathhouses and sex venues where consenting adults can engage in sexual activity, scrapping a 38-year ban enacted during the AIDS epidemic.

The push, driven by activists, comes as the gay Somali community in Minneapolis has been clamoring to legalize bathhouses. City leaders are considering the proposal that would allow patrons to engage in sexual intercourse in the venues, the New York Post reports.

This latest development underscores the deepening assimilation issues in a city long transformed by mass Somali immigration.

Minneapolis may legalize adult bathhouses – allowing adults to engage in sexual activity https://t.co/OTnhxHth3q pic.twitter.com/Lt0nGeLKZP

— New York Post (@nypost) April 8, 2026

The Minneapolis City Council has referred a package of four proposed ordinances to staff for further development. These include creating licensing and business regulations for adult sex venues that facilitate sexual activity between consenting adults, updating zoning codes for sexually oriented businesses, revising health and sanitation standards related to contagious diseases, and adding exceptions to miscellaneous offenses provisions.

Activists from the Safer Sex Spaces Coalition have led the charge. They argue the 1988 ban, which targeted “high-risk sexual conduct” such as fellatio, anal intercourse, and vaginal intercourse in commercial settings, is outdated and stigmatizing.

“The Minneapolis Health Department and other public health organizations acknowledge this ordinance is no longer the tool needed to promote public health, “the coalition stated adding “Social science research tells us that commercial sex spaces, like gay saunas, are important for promoting safer sex practices, enhancing HIV prevention, and increasing access to testing and treatment. These spaces also enhance feelings of identity, camaraderie, authenticity, and belonging. They are spaces where people overcome isolation and develop a sense of community and pride.”

Creating a monkeypox epidemic wouldn’t be my first choice to distract attention from Minneapolis’s rampant fraud problem, but it just might work. pic.twitter.com/IbtZIKqjAK

— Thousands of Tiny Tyrants (@Tiny_Tyrants) April 8, 2026

Council Member Jason Chavez supported referring the measures, saying: “LGBTQIA+ gathering spaces, including bathhouses, have long been targeted by criminalization and policing, and our communities have paid a devastating price for that. That’s why we’re referring this to staff to begin building policy alongside community members and stakeholders.”

Council President Elliott Payne noted that such activities “already happen in the shadows, and we are trying to ensure that they are safe for patrons, especially when LGBTQ+ individuals are under attack by the federal government.” He pointed to potential regulations modeled on San Francisco, including condom availability and staff training on harm reduction.

A spokesperson for Mayor Jacob Frey indicated the mayor supports continued exploration of the issue.

Hardly surprising given that all he does is pander to Somalis.

The original 1988 ban drew backing even from within the LGBTQ+ community at the time, including the city’s first openly gay council member, Brian Coyle, who backed the measure before his death from AIDS-related complications in 1991. Activists now claim the rules disproportionately harmed same-sex partnerships and people with HIV/AIDS while driving gatherings into unsafe private spaces.

Recent coverage confirms the council delayed full debate on the ordinances this week but remains committed to directing staff research.

Tim Walz entering the bathhouse pic.twitter.com/AlMnwP8PHK

— GoshuAAAA (@Skipper1913) April 8, 2026

Critics view the effort as emblematic of misplaced priorities. While neighborhoods struggle with the social and economic fallout of rapid demographic change—including documented fraud schemes and parallel economies—the focus shifts to licensing orgy venues and updating “stigmatizing language” in city code.

Minneapolis—often called “Little Mogadishu”—has faced repeated exposure for hundreds of millions in Somali cash smuggling operations routed through Minneapolis-St. Paul International Airport, in addition to an explosion of Somali related fraud scandals.

TSA whistleblowers who highlighted these schemes faced pushback, including accusations of racism and Islamophobia from figures tied to the Walz administration aimed at silencing concerns over Somali fraud.

Legalizing commercial sex spaces in a city already wrestling with smuggling networks and identity politics does not signal enlightened governance. It signals a leadership class more attuned to activist coalitions than to restoring order and cohesion.

Voters across the heartland have grown weary of cities that import unassimilated populations and then contort public policy around every resulting demand.

Minneapolis offers a cautionary tale of where such approaches lead—public health debates recycled from the 1980s, now layered atop deeper failures in border security and cultural integration.

Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

Authored by Debra Heine via American Greatness,

The U.S. Department of Justice (DOJ) has opened a criminal investigation into Cassidy Hutchinson, the former White House staffer who made a number of false claims about President Donald Trump before the January 6 Committee in June 2022.

The probe, led by the DOJ’s Civil Rights Division under Assistant Attorney General Harmeet Dhillon, began in early April 2026 after a criminal referral from Rep. Barry Loudermilk (R-Ga.).

In December 2024, the House Administration’s Oversight Subcommittee, which is chaired by Loudermilk, released a 128-page interim report concluding that the J6 star witness had lied under oath and that the Select Committee knew her outrageous claims were false when they publicly promoted her.

In a December 17, 2024  press release,  Loudermilk referred former Rep. Liz Cheney (R-Wy.) to the Department of Justice for an investigation into “potential criminal witness tampering based on the new information about her communication.”

Loudermilk accused Cheney of colluding with then-media darling Hutchinson without her attorney’s knowledge.

Hutchinson had testified that President Trump was aware that his supporters had weapons on the morning of January 6 but didn’t care because they weren’t there to hurt him.

She also falsely claimed that Trump tried to seize the wheel of the presidential limo and lunged at his former security detail when the Secret Service would not drive him to join protesters at the Capitol.

Loudermilk’s report concluded:

President Trump did not attack his Secret Service Detail at any time on January 6.

President Trump did not have intelligence indicating violence on the morning of January 6.

Cassidy Hutchinson falsely claimed to have drafted a handwritten note for President Trump on January 6.

Representative Cheney and Cassidy Hutchinson baselessly attempted to disbar Hutchinson’s former attorney.

Loudermilk’s report accused Cheney of “using the January 6 Select Committee as a tool to attack President Trump, at the cost of investigative integrity and Capitol security.”

As of now, the Justice Department has not announced any investigation into Cheney, and the report’s recommendations remain unacted upon by federal prosecutors.

Hutchinson’s  allegations were so flimsy even anti-Trump Special Counsel Jack Smith didn’t believe her and refused to use her as a witness in his prosecution of Trump.

The Department of Justice (DOJ) investigation will focus on whether she committed perjury during her “bombshell” televised testimony, particularly regarding claims that Trump encouraged violence on January 6 and attempted to seize the presidential limo’s steering wheel.

The assignment of the case to the Civil Rights Division is considered highly unusual, as perjury cases are typically handled by the U.S. Attorney’s Office in Washington, D.C., which is run by U.S. Attorney Jeanine Pirro.

The investigation will examine claims from other witnesses and internal testimony that contradict Hutchinson’s account, particularly the Secret Service’s denial of the limo incident.

During a news conference Tuesday, Acting Attorney General Todd Blanche stated that Trump has the “right” and “duty” to call for investigations into individuals he deems suspicious, including his former staffer turned anti-Trump fabulist.

After a solid 3Y auction and a tepid 10Y auction earlier this week, moments ago the Treasury concluded the final coupon auction of the week, when it sold $22 billion in a 30 year reopening in what was another average auction.

The sale stopped at a high yield of 4.876%, virtually unchanged from 4.871% a month ago and the highest since last July. It also tailed the When Issued 4.871% by 0.5bps, the first tail since November.

The bid to cover was 2.385, down from 2.452 in March and the lowest since December ’25. 

The internals were in line: Indirects were awarded 64.14%, up from 63.4% in March but below the six-auction average of 66.8%. And with Directs down to 24.23% from 27.23% (above the recent average of 22.9%), dealers were left holding 11.6%, the most since January.

Overall, this was a mediocre 30Y auction, with average stats resulting in the first tail for the tenor since last November, yet with markets still only focused on Iran there was virtually no little market reaction.

Authored by Bryan Hyde via American Greatness,

Democratic New York City Mayor Zohran Mamdani has introduced a “racial equity plan” directing city resources to “black and brown New Yorkers” in an attempt to “confront institutional and systemic racism within our city.”

The mayor’s policy proposal targets housing, health, and economic opportunities, and seeks to address disparities by prioritizing neighborhoods and residents that have supposedly been historically marginalized by economic or structural factors.

Mamdani’s Preliminary Citywide Racial Equity Plan and True Cost of Living Measure prompted a warning from U.S. Assistant Attorney General Harmeet Dhillon, who called the measure “fishy” and promised to take a closer look at its legality under current civil rights laws.

Sounds fishy/illegal. Will review! https://t.co/HDT4FJdGwK

— AAGHarmeetDhillon (@AAGDhillon) April 6, 2026

The Daily Caller reports that during a Monday press conference, Mamdani told reporters the following: “And while today’s True Cost of Living Measure confirms that the affordability crisis touches every corner of our city, we know that these effects are not applied evenly. So often it is black and brown New Yorkers who are hit the hardest.”

Mamdani added, “This Preliminary Racial Equity plan is the first step in developing a whole-of-government approach to tackling that reality.”

NYC Chief Equity Officer Afua Atta-Mensah has been tasked with guiding the plan which focuses on narrowing the wealth gap and claims that white New Yorkers have a median net worth roughly 15 times higher than Black New Yorkers.

The goals of the initiative include expanding access to capital for businesses in underserved areas, using a racial equity framework to guide investment, and increasing access to primary healthcare and reducing pollution in communities of color.

Mamdani, an avowed socialist, has also increased the funding for the city’s Office of Racial Equity to $10.2 million, prompting concerns about race-based discrimination.

In his Monday press conference, the mayor sought to tie what he called “New York’s affordability crisis and its history of racial inequity” as justification for the proposal, claiming, “The wealth of a median white household in the city is more than $200,000, while that of a black household is less than $20,000 . . . We are reckoning with the long history of racism here and starting to act upon a framework that puts equity right at the center of it.”

🚨 MAMDANI: “The wealth of a median white household in the city is more than $200,000, while that of a black household is less than $20,000 … We are reckoning with the long history of racism here and starting to act upon a framework that puts equity right at the center of it.” pic.twitter.com/W53H10fmFm

— Chief Nerd (@TheChiefNerd) April 7, 2026

The Department of Justice’s Civil Rights Division will review Mamdani’s plan to determine if it violates any civil rights laws.

* * *

(Update 1245ET): House Republicans thwarted Democrats’ attempt to unanimously restrict President Donald Trump’s war powers in Iran, declining to recognize the lawmaker who sought to offer it during a pro forma session Thursday.

As Bloomberg reports, the forced-adoption attempt was destined to fail, but it previewed Democrats’ focus on rebuking the war in Iran when the chamber returns to session next week. Rep. Glenn Ivey (D-Md.) asked for unanimous consent to advance the Iran war powers resolution during a pro forma, or ceremonial, session held during the congressional recess.

Rep. Chris Smith (R-N.J.), who was presiding, didn’t acknowledge Ivey to speak.

Democrats can try to force a full House vote on the resolution next week when lawmakers return to Washington.

At least two of the four members of their party who opposed a similar resolution a month ago have said they plan to support it now.

*  *  *

As Nathan Worcester detailed earlier via The Epoch Times, Congressional Democrats will try to place guardrails on the Iran war when the floor is briefly open during a two-week break for Easter.

House Minority Leader Hakeem Jeffries (D-N.Y.) speaks during a press conferece on Capitol Hill in Washington on Feb. 9, 2026. Madalina Kilroy/The Epoch Times

House Minority Leader Hakeem Jeffries (D-N.Y.) detailed his intentions in an April 8 letter to colleagues.

During an April 9 session that would normally be a formality, Democrats will seek to advance a War Powers Resolution on Iran through unanimous consent. It’s a maneuver that House Republicans can easily block.

Senate Minority Leader Chuck Schumer (D-N.Y.) also announced that the Senate would take a vote on a War Powers Resolution related to Iran.

“The War Powers Act will cease hostilities and require the administration to get an AUMF before going to war after the hostilities cease,” Schumer said of the proposal.

The Democrats’ calls to pursue votes for restricting the president’s war powers come a day after President Donald Trump announced he was suspending attacks in Operation Epic Fury, on the condition that Iran reopens the Hormuz Strait to unimpeded maritime traffic.

Multiple parties have accused one another of violating the two-week ceasefire. Pakistani Prime Minister Shehbaz Sharif, whose country helped mediate the brief interruption in fighting, has called on the combatant nations “to exercise restraint and respect the ceasefire for two weeks.”

In his April 8 letter, Jeffries described the present ceasefire as “woefully insufficient.”

“We have demanded that the House come back into session immediately in order to vote on our resolution to permanently end the war in the Middle East,” he wrote.

A War Powers Resolution would mandate congressional authorization of U.S. involvement in the war.

A previous attempt to constrain the president’s actions failed in the House on March 5.

Almost all Republicans opposed that resolution, which drew the support of all but four Democrats in the lower chamber.

The Senate equivalent was shot down on March 4. That vote also mostly fell along party lines. Sen. Rand Paul (R-Ky.) broke with his party to support the measure, while Sen. John Fetterman (D-Pa.) crossed the aisle to oppose it.

Ongoing two-week breaks in the House and Senate have been punctuated by pro-forma sessions. Those brief assemblies of only a few members are held as a formality so the chambers technically remain in session.

On the Senate side, the meetings keep the individual breaks short enough that the president cannot make recess appointments.

The sessions are also how lawmakers avoid adjourning for longer than three days. Under Article I of the Constitution, anything longer would take an agreement between the House and Senate.

The Easter break of 2026 has already witnessed some minor drama during sessions where little is typically expected to happen.

Earlier in April, the House did not take up a Senate-passed bill that would partly fund the Department of Homeland Security (DHS).

Some Republicans have resisted the DHS deal, which excludes immigration enforcement and border funding.

House and Senate Republican leaders have vowed to fund those areas for multiple years through a separate, party-line budget vote.

Joseph Lord contributed to this report.

Authored by Travis Gillmore via The Epoch Times,

White House press secretary Karoline Leavitt addressed the situation in Cuba, where the population of nearly 10 million are impacted by rolling blackouts and instability, during a press briefing April 8.

She further clarified President Donald Trump’s recent statement that “Cuba is next,” after the U.S. military successfully detained former Venezuelan President Nicolás Maduro and his wife Cilia Flores Maduro before striking Iran in coordination with Israel.

“I think when President Trump said that and he later clarified after making that statement that he meant the Cuban regime is bound to fall,” Leavitt said in response to a question from The Epoch Times.

“The country is very weak. They’re in a very weak position economically, obviously, and financially.”

Cuba relied on Venezuela for much of its energy resources, but that supply dried up after the United States took control of the region’s oil industry following Maduro’s capture. A fuel crisis is threatening the nation, with scarce resources available, and nationwide power outages affecting homes and businesses.

Outdated energy infrastructure and a failure to maintain electricity grids are contributing to hardships, according to the U.S. State Department.

“The Cuban people are fed up with their government, as they should be,” Leavitt said.

She offered no policy updates but said administration officials are collaborating across departments to identify diplomatic solutions.

“These talks and discussions continue to happen at the highest level of our government,” Leavitt said.

Cuba has faced embargos and economic pressure from the United States since Fidel Castro led a communist revolution in 1959 toppled Fulgencio Batista, who led the island nation with U.S. support after taking power through a coup in 1952.

President Barack Obama eased some sanctions in a normalization process, but Trump began reversing those policies during his first term.

Since taking office for a second time, Trump has ramped up criticism against the Cuban regime.

Trump told an audience at the Future Investment Initiative Institute in Miami on March 27 that his peace through strength approach is built on a “great military,” while economic leverage and tough negotiating strategies can facilitate change without the use of force.

“I said, you’ll never have to use it, but sometimes you have to use it, and Cuba’s next, by the way,” Trump said, while adding the line might be a joke. “But, pretend I didn’t say that please. … Please, please, please media, please disregard that statement. Thank you very much. Cuba’s next.”

In an executive order signed Jan. 29, 2026, the president described the Cuban government’s actions as constituting an “unusual and extraordinary threat.”

The order cites Cuba’s support for and alignment with hostile nations, including China, Iran, and Russia, along with the terrorist groups Hamas and Hezbollah, as evidence of the threat.

“Cuba has long provided defense, intelligence, and security assistance to adversaries in the Western Hemisphere, attempting to thwart United States and international sanctions designed to enforce the stability of the region, uphold the rule of law, and safeguard the national security and foreign policy of the United States,” the order reads.

Furthermore, the executive order states the Cuban government is spreading communist ideology across the Western Hemisphere, “threatening the foreign policy of the United States.”

“The communist regime persecutes and tortures its political opponents; denies the Cuban people free speech and press; corruptly profits from their misery; and commits other human-rights violations,” the order states.

U.S. Secretary of State Marco Rubio called for regime change in Cuba while reiterating concerns about communism during remarks to the media on March 27.

“The only thing worse than a communist is an incompetent communist,” Rubio said. “So, their system of government has to change, because they will never be able to develop economically without those changes.”

Governor Mikie Sherrill signed legislation that scraps New Jersey’s 40-year de facto moratorium on new nuclear power plants, clearing the way for expanded baseload generation in a state long plagued by some of the nation’s highest utility bills. 

The bill, S3870/A4528, amends the Coastal Area Facility Review Act to remove an outdated permitting roadblock tied to Nuclear Regulatory Commission waste-disposal rules that no modern project could satisfy.

The NJ Department of Environmental Protection can now approve permits based on proven, NRC-compliant storage methods that have maintained a 100% safety record.

Speaking after a tour of the Salem Nuclear Power Plant, Sherrill launched the state’s new Nuclear Task Force by executive order.

The group, which includes officials from PSEG Nuclear, labor unions, business groups, and environmental stakeholders, will focus on five priorities: financing, supply chains and technology, workforce development, regulatory streamlining, and public trust. 

“For costs to come down, we need more energy supply,” Gov Sherrill said.

“By lifting outdated barriers and bringing together leaders across government, industry, and labor, we’re setting the stage for our state to pursue new advanced nuclear power.”

Existing reactors at Salem and Hope Creek already supply more than 40 percent of the state’s electricity and roughly 80 percent of its pollution-free power.

A 2020 Brattle Group analysis found those plants save ratepayers more than $400 million annually while running at 90-95 percent capacity on just 740 combined acres.

Authored by Jill McLaughlin via The Epoch Times,

The FBI arrested a former Fort Bragg civilian contractor April 7 for allegedly providing top secret details about the Delta Force special forces unit to a journalist who later published the information in an article and book.

Courtney Williams, 40, of Wagram, North Carolina, was indicted by a federal grand jury and charged with violating the Espionage Act in connection to the alleged transmission of classified national defense information to the journalist in violation of federal law.

“Let this serve as a message to any would-be leakers: we’re working these cases, and we’re making arrests,” FBI Director Kash Patel posted on X.

“This FBI will not tolerate those who seek to betray our country and put Americans in harm’s way.”

Officials say Williams worked for a Special Military Unit from 2010 to 2016 supporting top-level military warfighters. During that time, she held a top secret, sensitive compartmented information security clearance, according to prosecutors.

Williams allegedly had daily access to a wide range of classified information, according to the U.S. Department of Justice.

As a clearance holder, Williams was trained to know about proper handling, safeguarding, and storage of classified information, prosecutors said. She also allegedly signed a nondisclosure agreement that confirmed she understood that disclosing it could constitute a criminal offense.

Investigators allege Williams repeatedly communicated with a journalist by phone and through text messages between 2022 and 2025. The two had over 10 hours of phone calls and exchanged more than 180 messages, according to prosecutors.

In one message, the reporter identified himself as a journalist and said he was seeking information about the unit to support an upcoming article and book, according to prosecutors.

After the communications, the journalist published a book and article that named Williams as a source and attributed specific statements to her, per court documents.

Prosecutors didn’t name the journalist in the complaint, but Seth Harp, an investigative reporter and foreign correspondent, published a Politico article on Williams on Aug. 12, 2025.

The article was an excerpt from his New York Times best-selling book, “The Fort Bragg Cartel: Drug Trafficking and Murder in the Special Forces.”

Harp didn’t immediately return a request for comment about Williams’s arrest but posted statements about it on X.

“The FBI is incapable of solving real crimes, like all the murders on Fort Bragg involving elite soldiers trafficking drugs, so they settle for retaliating against courageous whistleblowers like Courtney Williams, whose only ‘crime’ was telling the truth about Delta Force,” Harp wrote.

The article names Williams and describes her decision to take a job as a contractor at Fort Bragg after ending a four-year enlistment in the Army, where she had served as an interrogator and Arabic linguist.

Her position in Southern Pines, North Carolina, was in mission support and was run by former members of Delta Force, the Army’s component of Joint Special Operations Command. Williams told Harp the job was to create and maintain fictitious cover identities for Delta Force operators to use on clandestine missions.

She also described her grievances about the unit, claiming she was discriminated against and sexually harassed. She lost her security clearance after a dispute with leadership in 2016, according to the article.

Williams and her husband allegedly burned through their savings defending herself in the dispute before settling with the unit’s lawyers and retiring from the position, she told Harp.

FBI Special Agent in Charge of the North Carolina Field Office Reid Davis said Williams faced serious charges.

“The tradecraft, tactics, and techniques used by the U.S. military unit in this case are classified and should be shared only with those with proper clearances and a need to know in order to protect American lives and safeguard classified National Defense information,” Davis said in a press release.

“These are serious accusations. Anyone divulging information they vowed to protect to a reporter for publication is reckless, self-serving and damages our nation’s security.”

Williams was not reachable for comment.

Israel has on Thursday warned civilians in south Beirut to evacuate their homes and neighborhoods, amid fears of a fresh impending aerial assault, after IDF strikes across Lebanon and the capital the day prior led to at least 250 Lebanese deaths and over 1,400 people wounded. These were the heaviest strikes of the war.

“Just a short while ago, the Israeli military issued new forced evacuation orders, warning of air strikes this time for the southern suburbs, expanding the area where it says strikes may be conducted, including the Jnah neighborhood, which is south of a previously evacuated area,” Al Jazeera reports. Panic and a mass exodus is being reported:

Mass exodus from Beirut’s Jnah area after Israeli threat pic.twitter.com/92uE9CrdmQ

— RT (@RT_com) April 9, 2026

The effected area is densely populated with civilians and lies adjacent to Beirut’s lone international airport. People who fled Wednesday’s strikes on central Beirut in some places came to the Jnah area.

If Israeli bombs on Lebanon start flying again, this could re-trigger Iranian attacks on Israel. The Houthis in Yemen have also threatened to act, and all of this could collapse the fragile US-Iran ceasefire, amid impending talks expected to begin in Pakistan on Saturday.

Hezbollah now says it is engaged in ground clashes with the Israeli military in southern Lebanon’s Bint Jbeil area, per Al Jazeera, which lies a mere 3 miles from the Israeli border. Israel is seeking to de facto annex the area, Lebanon believes.

Israel’s Defense Minister Israel Katz has meanwhile stated the operations have dealt a “very strong blow to Hezbollah’s face, leaving it stunned and confused by the depth of the penetration and the scope of the blow.” Meanwhile:

TRUMP ASKED NETANYAHU TO REDUCE BOMBING IN LEBANON TO AID SUCCESSFUL IRAN NEGOTIATIONS, ACCORDING TO NBC REPORTS.

Referencing hundreds of ballistic missiles which were sent on Israel in the last weeks, Katz said the IDF is “prepared and ready to act forcefully if Iran fires at Israel.” Hezbollah had also by mid-March joined the fight.

via UPI

Currently, Lebanese hospitals are said to be overwhelmed while treating victims of the latest Israeli air raids, and are said to be in short supply, also seeking blood donations.

Reuters details, “Some of Lebanon’s hospitals could run out of life-saving trauma medical kits within days ​as supplies near depletion following mass casualties from large-scale Israeli strikes over ‌the past day, the World Health Organization said on Thursday.” The WHO outlined that “The life-saving trauma kits include bandages, antibiotics and anaesthetics to treat patients who sustained war-related injuries.”

CoreWeave has expanded its agreement to supply Meta with AI computing capacity, lifting the total value of the deal to $21 billion, as reported by Bloomberg. The updated terms extend AI cloud services through December 2032.

This means that circular financing circle jerk we’ve been tracking since last year continues.

LOL

*COREWEAVE INKS $14 BILLION META DEAL TO SUPPLY COMPUTING POWER

ye daily circle jerk

— zerohedge (@zerohedge) September 30, 2025

This builds directly on the $14.2 billion pact the companies struck last September, which originally ran through 2031 with an option for extension. The additional capacity will come from multiple data centers equipped in part with Nvidia’s next-generation Rubin AI chip systems.

The move gives Meta more assured access to specialized GPU clusters as it scales training and inference workloads for its expanding lineup of large language models.

It also means that CoreWeave now holds $35 billion in contracts with Meta, a firm that has made SPV private credit financing into an art form, making the tech firm one of Coreweave’s largest customers.

CoreWeave will provide AI cloud capacity to Meta from multiple data centers powered in part by the Rubin systems of chips, through December 2032, the company said in a statement Thursday. 

As billion-dollar commitments have become almost routine, this latest expansion offers another glimpse into the staggering sums being funneled into AI infrastructure. Meta and the rest of the hyperscalers continue to chase AI dominance, committing vast resources even as it pours money into its own massive data center buildout. The numbers keep climbing with seemingly no ceiling in sight.

Goldman’s head of Delta One slams Nvidia’s increasingly grotesque vendor financing circle jerk

“… definitely not old enough to have been around trading during the tech bubble and let’s level set, multiples are now where near that point in time. That said, vendor financing was… https://t.co/Dt6th2Eobt

— zerohedge (@zerohedge) September 23, 2025

CoreWeave, a cash-incinerating provider of GPU-accelerated cloud computing and a longtime Nvidia investment darling, has carved out a lucrative niche in the frenzy. The company – part of a group of “neoclouds” or  businesses that, among other things, rent out access to leading AI chips – has landed nearly every big ticket name from Microsoft to OpenAI, positioning itself as an alternative to the traditional hyperscalers for the most demanding AI jobs. Its backlog of long-term contracts continues to swell, supporting rapid expansion even as the broader market watches the leverage closely. Nebius and Nscale are some of its smaller rivals.

CoreWeave has dramatically ramped up borrowing in recent years to finance deals in which it rents access to high-end artificial intelligence processors, joining an industrywide debt binge that has unsettled some investors. CoreWeave has turned to multiple financing channels to fund the capital-intensive expansion needed to keep pace with the AI boom.

And just in case its already massive debt load – at last check around $30 billion, triple what it was a year earlier – wasn’t enough, CoreWeave separately said it plans to offer $3 billion in convertible senior notes due 2032 and $1.25 billion in senior notes due 2031 to cover general business including the repayment of outstanding debt.

The company is offering a 1.5% to 2% coupon on the latest $3 billion in bonds that investors can choose to convert into stock later at a premium, Bloomberg reported on Thursday, citing people familiar with the situation. Coreweave is also tapping the junk-bond market for the $1.25 billion in notes, offering just above 10% on the deal that may be sold as soon as Thursday, according to a person with knowledge of the matter.

In February, the company was seeking to raise about $8.5 billion from banks including Morgan Stanley and Mitsubishi UFJ Financial Group Inc. to help finance its buildout of cloud computing capacity for Meta, Bloomberg reported at the time. 

Meanwhile, Meta has emerged as one of the top spenders on AI infrastructure. CEO Mark Zuckerberg is planning to drop hundreds of billions of dollars over the next few years on the energy, computing power and talent needed to build, train and run AI models. In its latest earnings call, Meta raised its 2026 capex projections to $115-$135 billion, nearly doubling its 2025 capex spend. 

Earlier this year we noted Nvidia’s additional $2 billion investment in the firm to speed construction of new AI factories, and the company’s revenue forecast adjustments last fall amid shifting contract timing. CoreWeave also carries roughly $21 billion in debt, a figure that coincidentally matches the scale of its enlarged Meta pact.

Biggest circle-jerk in history https://t.co/JlJrpyH06Y

— zerohedge (@zerohedge) April 1, 2026

The deal underscores a broader truth in the current cycle: hyperscalers are willing to lock in enormous, multi-year contracts to guarantee scarce high-performance computing resources. Nvidia itself has repeatedly highlighted the exponential growth in demand, and contracts of this size keep materializing to feed it.