Skip to content
Friday, October 23, 2026 · Today’s edition, 6:30 a.m. ETFri, Oct 23 · 6:30 a.m. editionSign inMy Desk 0EditionsSign in

Everpure signs second hyperscaler for DirectFlash storage

A top-five hyperscaler signs a master supply agreement, with revenue expected from fiscal 2028.

At a glance

  1. The customer is described as a top-five hyperscaler and has not been named.
  2. DirectFlash is a software-powered storage architecture that Everpure says lets hyperscalers run a single consistent setup across storage tiers.
  3. Meta adopted Everpure technology in late 2024.

Everpure, the flash-storage vendor formerly known as Pure Storage, has signed its second hyperscaler for DirectFlash. The customer is described as a top-five hyperscaler and has not been named. The contract takes the form of a master supply agreement covering software and non-NAND components, with no value disclosed, Data Center Dynamics reports.

DirectFlash is a software-powered storage architecture that Everpure says lets hyperscalers run a single consistent setup across storage tiers. The master supply agreement converts a hardware deal into a recurring relationship. Everpure forecasts hyperscale gross margins of 75 to 85 percent and expects the contract to be a significant contributor to revenue from fiscal year 2028.

Meta adopted Everpure technology in late 2024. The February rebrand from Pure Storage came with the planned acquisition of data-intelligence and orchestration firm 1touch. Everpure said it keeps customers anonymous, adding that two of the largest infrastructure environments in the world will use its technology. In April 2026, UK cloud provider BlackBox Hosting picked Everpure's all-flash storage for its platform, the report says.

Software margins, hardware calendar

The margin range carries software economics. The 2028 revenue date carries the real message: hyperscalers buy on long cycles, so a design win now functions as an annuity tied to a buildout. Once a fleet engineers around DirectFlash, switching grows expensive, which makes the deal sticky. Investors have already responded — shares were up more than 65 percent from the start of the month when the report was published. What remains private: the customer's name and the contract's value.

Reported by the Data centers & fiber desk from Data Center Dynamics. Published . Corrections

Related

Infrastructure

Meta files for 497 Tbps U.S.-Denmark subsea cable Aurora

The Aurora system would add an open cable to a crowded Atlantic, with a dark-fiber option that lets Meta sell capacity into the secondary market.

ETFs

THNQ returned 4.5% over three months; CHAT fell 6.2%

THNQ charges 68 basis points to CHAT's 75, and its average weighted market capitalization is less than half CHAT's, according to the comparison.

ETFs

GraniteShares takes five of eight slots on last week's leveraged and inverse ETF ranking

BlackBerry's 2x fund led with nearly 28%, with two SpaceX products and two inverse funds also on ETF Trends' weekly list.

Infrastructure

European Commission accuses KKR of misleading €22bn TIM NetCo merger review

The Statement of Objections alleges KKR misstated whether FiberCop's wholesale access terms were locked in place; KKR says it stands by the information it gave.

Infrastructure

Memphis City Council rejects 18-month data center moratorium, sets 135-day pause

The 18-month ban failed on a 6-6 vote with one member absent; the 135-day pause is tied to Mayor Paul Young's 90-day review.

Private Infrastructure Dailyfrom Private Wealth Daily

Energy transition, digital infrastructure and core-plus funds. Weekdays at 7:25 a.m. ET.

Free. Weekday mornings. Unsubscribe from any edition in one click.

From other sections