Cloud-computing provider CoreWeave said it will spend up to $6 billion to build a new artificial-intelligence data center in Lancaster, Pennsylvania. The facility will start with 100 megawatts of power and can be expanded to 300 MW, giving the Nvidia-backed company additional capacity to meet what Chief Executive Officer Michael Intrator called “relentless” demand for high-performance AI computing. CoreWeave plans to announce the project on Tuesday during a CEO roundtable with President Donald Trump at the first Pennsylvania Energy and Innovation Summit in Pittsburgh. The company expects the build-out to support about 600 construction jobs and create roughly 70 permanent technical and operational positions at launch, rising to as many as 175 as the site scales. The commitment deepens the state’s emergence as an AI infrastructure hub, following other multibillion-dollar data-center pledges. CoreWeave shares rose roughly 8% in pre-market trading after the news, extending a rally that has lifted the stock more than 250% since its March IPO.
CoreWeave $CRWV is planning to invest up to $6B for an AI data center in Pennsylvania, with an initial capacity of 100MW with potential to expand up to 300MW. $NVDA $NBIS $GOOG
CoreWeave commits $6 billion to Pennsylvania data center amid Trump AI push https://t.co/wFirNmNePb https://t.co/wFirNmNePb
$CRWV CoreWeave Plans to Commit More Than $6 billion to Equip New, State-Of-The-Art Data Center in Lancaster