CoreWeave plans to spend up to $6 billion on a new AI data center in Pennsylvania
CoreWeave plans to invest up to $6 billion in building a new artificial intelligence data center in Pennsylvania as part of U.S. President Donald Trump’s efforts to maintain the country’s advantage in the rapidly growing tech sector, the company said on Tuesday.
Shares of the AI cloud computing firm rose more than 8% in pre-market trading.
CoreWeave’s investment adds to the hundreds of billions of dollars companies have already committed to expanding AI infrastructure in the U.S., amid growing demand for power, compute capacity, and Trump’s push to secure local AI supply chains.
The announcement will be made during a CEO roundtable with Trump at the first Energy and Innovation Summit in Pennsylvania, organized by Senator Dave McCormick, according to the company.
Trump is expected to announce $70 billion in AI and energy investments on Tuesday, according to Reuters.
“Demand for high-performance AI computing continues to rise, and CoreWeave is scaling a cloud purpose-built for AI to meet that demand and reinforce U.S. leadership,” said CoreWeave CEO Michael Intrator.
The data center will initially use 100 megawatts (MW) of power, with plans to scale up to 300 MW.
Construction is expected to create around 600 jobs, with about 70 permanent technical and operational positions after the launch.
Last month, cloud giant Amazon.com said it plans to invest at least $20 billion in Pennsylvania to expand its data center operations.
The announcement comes a week after CoreWeave agreed to acquire crypto-mining company Core Scientific in a deal valued at about $9 billion, aimed at securing the energy resources and data centers needed to meet rising AI demand.