Exhibit 5.1
August 3, 2026
Backblaze, Inc.
2261 Market Street STE 81006
San Francisco, CA 94114
(650) 352-3738
Ladies and Gentlemen:
We have acted as counsel to Backblaze, Inc., a Delaware corporation (the “Corporation”), with respect to certain legal matters in connection with the filing with the Securities and Exchange Commission (the “Commission”)
of a registration statement on Form S-3 (the “Registration Statement”) under the Securities Act of 1933, as amended (the “Securities Act”).
The Registration Statement relates to the proposed resale from time to time by the selling stockholder named therein of up to (i) 3,053,314 shares (the “Initial Warrant Shares”) of the Corporation’s Class A
common stock, par value $0.0001 (“Common Stock”), issuable upon exercise of that certain Common Stock Purchase Warrant issued by the Corporation to CoreWeave, Inc. (“CoreWeave”) on June 16, 2026 (the “Initial Warrant”); and
(ii) 1,141,562 shares of Common Stock (the “Additional Warrant Shares”, and, together with the Initial Warrant Shares, the “Warrant Shares”) issuable upon exercise of that certain Common Stock Purchase Warrant issued by the
Corporation to CoreWeave on June 16, 2026 (the “Additional Warrant”, and, together with the Initial Warrant, the “Warrants”) (the shares of Common Stock registered pursuant to the Registration Statement, collectively, the “Securities”).
In connection with this opinion, we have examined and relied upon the originals, or copies certified or otherwise identified to our satisfaction, of
(i) the Restated Certificate of Incorporation of the Corporation, as amended to date (the “Certificate of Incorporation”); (ii) the Amended and Restated Bylaws of the Corporation, as amended to date (the “Bylaws”); (iii) certain
resolutions of the Board of Directors of the Corporation; (iv) the Warrants; (v) the Registration Statement; and (vi) such records, documents, certificates, and other instruments as in our judgment are necessary or appropriate to enable
us to render the opinion expressed below.
For purposes of this opinion, we have assumed, and express no opinion as to, the authenticity of original documents and the genuineness of all signatures, the conformity to the originals of all documents submitted to
us as copies, the truth, accuracy and completeness of the information, representations and warranties contained in the instruments, documents, certificates and records we have reviewed, the legal capacity of all natural persons or entities (except
for the Corporation), the absence of any undisclosed termination, modification, waiver or amendment to any document reviewed by us, the absence of any other extrinsic agreements or documents that might change or affect the interpretation or terms
of documents we have reviewed, and the due authorization, execution and delivery of all such documents where due authorization, execution and delivery are prerequisites to the effectiveness thereof. As to any facts material to the opinions
expressed herein that were not independently established or verified, we have relied upon oral or written statements and representations of officers and other representatives of the Corporation.
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Based upon and subject to the foregoing, and the further limitations set forth below, we are of the opinion that the Securities have been duly and validly authorized for issuance and, when issued and delivered by the
Corporation upon valid exercise of the Warrants, in accordance with and in the manner described in the Registration Statement and the Warrants, the Securities will be validly issued, fully paid and nonassessable.
Our opinion expressed above is subject to the qualifications that we express no opinion as to the applicability of, compliance with, or effect of any laws except the Delaware General Corporation Law
(“DGCL”).
We do not find it necessary for the purposes of this opinion, and accordingly we do not purport to cover herein, the application of the securities or “Blue Sky” laws of the various states to the
issuance of the Securities.
This opinion is limited to the specific issues addressed herein, and no opinion may be inferred or implied beyond that expressly stated herein. Our opinion expressed above is made as of the date
hereof and is subject to, and may be limited by, future changes in the factual matters set forth herein, and we undertake no duty to advise you of the same. The opinion set forth herein is based upon the law in effect (and published or otherwise
generally available) on the date hereof, and we assume no obligation to revise or supplement this opinion should such law be changed by legislative action, judicial decision or otherwise. In rendering our opinion, we have not considered, and
hereby disclaim any opinion as to, the application or impact of any laws, cases, decisions, rules or regulations of any other jurisdiction, court or administrative agency.
This opinion is furnished to you in connection with the filing of the Registration Statement in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act.
We hereby consent to the filing of this opinion as Exhibit 5.1 to the Registration Statement. We also consent to the reference to our firm under the heading “Legal Matters” in the Registration
Statement. In giving such consent, we do not believe that we are “experts” within the meaning of such term as used in the Securities Act or the rules and regulations of the Commission issued thereunder with respect to any part of the Registration
Statement, including this opinion as an Exhibit.
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Very truly yours,
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/s/ Bradley Arant Boult Cummings, LLP
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