CoreWeave (NASDAQ:CRWV) saw its stock climb 6.3% in pre-market trading after revealing plans to invest up to $6 billion in a cutting-edge AI-focused data center located in Lancaster, Pennsylvania.
The initial phase involves building a 100-megawatt facility designed specifically for advanced artificial intelligence workloads, with capacity to expand to 300 megawatts. This project marks one of the region’s first large-scale data centers dedicated to AI, aiming to boost the United States’ competitive edge in the global AI arena.
The announcement coincided with a CEO roundtable featuring President Donald Trump at Senator Dave McCormick’s Pennsylvania Energy and Innovation Summit, with Governor Josh Shapiro and Senator John Fetterman also present.
Michael Intrator, CoreWeave’s Co-Founder, Chairman, and CEO, emphasized, “The demand for high-performance AI computing is unyielding, and CoreWeave is scaling a cloud infrastructure purpose-built for AI to reinforce U.S. leadership.”
The Lancaster data center construction is projected to create around 600 skilled jobs, with approximately 70 full-time technical and operational positions at launch, expected to grow to about 175 over time. The company noted that each data center job typically supports over six additional jobs in the U.S. economy.
This new facility will expand CoreWeave’s network to 34 AI data centers, including 28 across the U.S. CoreWeave will operate as the primary tenant, with the site co-developed by Chirisa Technology Parks and Machine Investment Group.
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