CoreWeave (NASDAQ:CRWV) stock rose 4.6% on Wednesday morning after The Wall Street Journal reported that the company is teaming up with AI startup Poolside to build a large-scale, self-powered data center complex in West Texas.
The upcoming site, named “Horizon,” will be developed on more than 500 acres owned by the Mitchell family—an area roughly two-thirds the size of Central Park. The facility will use natural gas from the Permian Basin to generate its own electricity and power a two-gigawatt AI computing hub, comparable in capacity to the Hoover Dam.
According to the report, Poolside will begin using a cluster of NVIDIA AI computing resources provided by CoreWeave starting in December. From there, both companies plan to jointly expand the Horizon project, aiming to lower operating costs and improve long-term efficiency by integrating power generation directly into the site’s infrastructure.
The initiative signals a new model for financing and developing AI infrastructure, blending data center construction with energy production. Poolside is reportedly in the process of raising $2 billion in new funding, which would boost its valuation to about $14 billion—up from $3 billion a year ago when it secured $500 million.
Backed by Nvidia, CoreWeave has established itself as a major player in AI cloud infrastructure, and the Horizon project could significantly expand its footprint in the rapidly growing AI computing sector.
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