# Who are Vertiv's customers? Who does Vertiv earn revenue from?
Canonical: https://valuechain.wiki/vertiv · Facet: customers · Updated: 2026-07-12T04:06:32.328615+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Vertiv's confirmed revenue counterparties include CoreWeave, 마이크로소프트, Equinix plus 2 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 5 revenue edges, backed by 7 dated sources, 2 of them primary filings (as of 2026-07-12).

### 하이퍼스케일러·콜로 (전력·냉각) (high)
- metric: Revenue ~$10.2B · 2025 · FY2025 revenue (+28%)
- note: Supplies AI-datacenter power and liquid-cooling infrastructure to hyperscalers and colos.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-01) https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001674101&type=10-K: "Vertiv FY2025 revenue $10.23B (+28%), $15B backlog."
- [confirms] e4ds news (KO, news, published 2025-09-01) https://www.e4ds.com/sub_view.asp?ch=22&t=0&idx=19276: "At 100kW+ per rack, liquid cooling is mandatory; Vertiv leads."
- [confirms] Vertiv (EN, ir, published 2025-06-01) https://www.vertiv.com/en-us/solutions/learn-about/liquid-cooling-options-for-data-centers/: "At 100kW+ per rack, liquid cooling is mandatory; Vertiv leads."

### CoreWeave (high)  → /coreweave.md
- note: Supplies power/cooling to CoreWeave AI datacenters (GB200 NVL72 reference).
- [confirms] Vertiv (EN, news, published 2025-01-01) https://www.vertiv.com/en-us/about/news-and-insights/articles/blog-posts/how-vertiv-and-coreweave-are-orchestrating-ai-innovation/: "Supplies power/cooling to CoreWeave AI datacenters (GB200 NVL72 reference)."
- [confirms] Vertiv (EN, news, published 2024-10-17) https://www.vertiv.com/en-emea/about/news-and-insights/news-releases/vertiv-codevelops-with-nvidia-complete-power-and-cooling-blueprint-for--nvidia-gb200-nvl72-platform/: "Supplies power/cooling to CoreWeave AI datacenters (GB200 NVL72 reference)."

### AI 데이터센터·통신 (전력·열) (mid)
- note: Supplies power and thermal infrastructure to AI/HPC data centers and telecoms — a direct beneficiary as surging rack heat makes liquid cooling mandatory.
- [confirms] KHARN (KO, news, published 2025-01-01) https://www.kharn.kr/news/article.html?no=30314: "Surging AI-datacenter heat drives power/cooling demand."

### 마이크로소프트 (mid)  → /microsoft.md
- note: Supplies power and cooling to hyperscaler data centers like Microsoft — the infrastructure channel of large cloud capex.
- [confirms] Vertiv (EN, news, published 2024-10-17) https://www.vertiv.com/en-emea/about/news-and-insights/news-releases/vertiv-codevelops-with-nvidia-complete-power-and-cooling-blueprint-for--nvidia-gb200-nvl72-platform/: "Supplies power/cooling to hyperscaler datacenters (Microsoft, etc.)."

### Equinix (mid)  → /equinix.md
- note: Supplies power and cooling to colocation leader Equinix — covering colo demand beyond hyperscalers to broaden the customer base.
- [confirms] Equinix (EN, filing, published 2025-10-29) https://investor.equinix.com/news-events/press-releases/detail/1086/equinix-reports-strong-third-quarter-2025-results: "Power and cooling to colocation datacenters."

Reverse side: https://valuechain.wiki/vertiv/suppliers.md · Ripple: https://valuechain.wiki/vertiv/ripple.md

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Full node: https://valuechain.wiki/vertiv.md · JSON: https://valuechain.wiki/vertiv.json