Coreweave Inc. signaling in Times Square in New York, United States, Friday, May 9, 2025.
Yuki Iwamura | Bloomberg | Getty images
Core The shares climbed more than 9% on Tuesday after the company announced a project of artificial intelligence data center of $ 6 billion in Pennsylvania.
The engagement includes an initial data center of 100 megawatts built in Lancaster, a city about 70 miles west of Philadelphia. The data center can extend to 300 MW.
“The High Performance AI calculation request is relentless,” said Coreweave CEO Michael Intrator, in a press release, “and Coreweave is a cloud specially designed to meet the meeting and strengthens American leadership.”
The announcement is part of the Pennsylvania Energy and Innovation Summit in Pittsburgh organized by Senator Dave McCormick, R-Penn., Where President Donald Trump, members of his administration and managers meet to discuss AI and investment opportunities in the state.
Google On Tuesday announced a $ 25 billion data center and an AI infrastructure in collaboration with the summit, and promised $ 3 billion to improve two hydroelectric power stations in Pennsylvania.
Coreweave, which rents access to Nvidia AI CHIPS, has been in tears since its public return at the end of March. The shares have opened to $ 39 and increased by more than 250% since then.
The company has announced an acquisition of $ 9 billion from the Data Center infrastructure provider Scientific core Last week, an agreement that will strengthen Coreweave access to energy and real estate.
Coreweave was already a major Core Scientific customer and the agreement will reduce $ 10 billion in the future rental commitments, according to the company.
