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Benzinga

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Anusuya Lahiri

CoreWeave Commits $6 Billion To US AI Infrastructure In Lancaster

CoreWeave Lancaster United States CRWV Pennsylvania

Shanghai,china-oct.21st,2024:,Coreweave,Company,Brand,Logo,On,Phone,Screen

AI cloud-computing startup CoreWeave (NASDAQ:CRWV) surged on Tuesday after it announced plans to invest up to $6 billion in building a state-of-the-art AI data center in Lancaster, Pennsylvania. The center is designed to support advanced AI applications and strengthen U.S. global competitiveness.

Initially sized at 100 megawatts and expandable to 300 MW, the facility will be one of the region’s first large-scale AI centers and part of CoreWeave’s broader U.S. network of 33 data centers.

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