Mentioned:
CRWV -7.06% CORZ -7.35%
CoreWeave is making their biggest bet ever on data centres. But, why?
What’s happening:
- CoreWeave (NASDAQ: CRWV) has officially committed up to $6B USD in funding for a new leading edge data centre campus located in Lancaster, Pennsylvania
By the numbers:
- The new data centre will launch will 100 megawatts of capacity, with the potential to scale up to 300 megawatts
Why it matters:
- The new data centre will be built with the support of the Pennsylvania state government and is widely expected to be one of the most advanced data centres in the United States of America once complete
Going deeper:
- Data centre development company Chirisa Technology Parks and real estate investment company Machine Investment Group will co-develop the new data centre in collaboration with CoreWeave
- CoreWeave has been making a flurry of moves lately to expand their data centre operations, including just recently entering into a new agreement to acquire Core Scientific (NASDAQ: CORZ) in an all stock deal
