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Investing.com -- CoreWeave (NASDAQ:CRWV) stock rose 6.3% in pre-market trading after the AI Hyperscaler announced plans to invest up to $6 billion in a new state-of-the-art data center in Lancaster, Pennsylvania.
The initial 100 megawatt data center, with potential to expand to 300 MW, will be purpose-built to power advanced AI workloads. This facility represents one of the first large-scale data centers of its kind in the region and aims to support U.S. global competitiveness in artificial intelligence.
The announcement will be made during a CEO roundtable with President Donald Trump at Senator Dave McCormick (NYSE:MKC)’s Pennsylvania Energy and Innovation Summit. Pennsylvania Governor Josh Shapiro and Senator John Fetterman were also in attendance.
"The demand for high-performance AI compute is relentless, and CoreWeave is scaling a cloud purpose-built for AI to meet it and strengthen US leadership," said Michael Intrator, Co-Founder, Chairman of the Board, and Chief Executive Officer of CoreWeave.
The Lancaster project is expected to create approximately 600 skilled jobs during construction, with about 70 full-time technical and operational roles at launch, scaling to approximately 175 over time. According to the company, each data center job typically generates over six additional American jobs.
This facility will add to CoreWeave’s expanding network of 33 AI data centers, including 28 located across the U.S. The company will be the tenant of the site, which is being co-developed by Chirisa Technology Parks and Machine Investment Group.