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Benzinga

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Anusuya Lahiri

CoreWeave's $6 Billion AI Bet Boosts Core Scientific Shares Ahead Of $9 Billion Merger Deal

CoreWeave Core Scientific CRWV Donald Trump Pennsylvania Lancaster Nvidia

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

Core Scientific (NASDAQ:CORZ) gained on Tuesday in solidarity with CoreWeave (NASDAQ:CRWV) after the latter announced plans to invest up to $6 billion in building an AI data center in Lancaster, Pennsylvania.

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

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One subscription that gives you access to news from hundreds of sites

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