CoreWeave To Invest $6 Bln In Pennsylvania AI Data Center

(RTTNews) - CoreWeave, Inc. (CRWV), a cloud infrastructure technology company, on Tuesday announced that a new $6 billion investment is planned for a state-of-the-art data center in Lancaster, Pennsylvania, designed to support advanced AI applications.

The company will invest in creating hundreds of jobs and establishing the Mid-Atlantic as a key AI hub.

The initial phase will deliver 100 MW of capacity, with potential expansion to 300 MW. It is one of the first large-scale AI-focused data centers in the region and aims to boost U.S. global competitiveness in AI.

In the pre-market trading, 7.29% higher at $142.03 on the Nasdaq.