CoreWeave to Invest Up to $6 Billion in Pennsylvania AI Data Center
A new $6 billion artificial intelligence data center planned by CoreWeave in Pennsylvania signals a major commitment to bolstering U.S. leadership in the rapidly expanding AI sector, coinciding with a broader push by the Trump administration to onshore critical technology supply chains. Shares of the AI cloud computing firm experienced a surge of over 8% in premarket trading following the announcement.
The investment underscores the escalating demand for AI infrastructure within the United States, driven by increasing energy and computational needs. This development is part of a larger trend, with companies committing hundreds of billions of dollars to expand their AI capabilities domestically.
Trump Administration Highlights AI Investment
The announcement is scheduled to be made during a CEO roundtable with former President Donald Trump at Senator Dave McCormick’s inaugural Pennsylvania Energy and Innovation Summit. According to reports, Trump is expected to unveil $70 billion in combined AI and energy investments on Tuesday.
“The demand for high-performance AI compute is relentless, and CoreWeave is scaling a cloud purpose-built for AI to meet it and strengthen U.S. leadership,” stated CoreWeave CEO Michael Intrator.
Data Center Capacity and Job Creation
The planned data center will initially operate on 100 megawatts (MW) of power, with the potential for expansion up to 300 MW. The project is anticipated to generate approximately 600 jobs during the construction phase and create around 70 full-time technical and operational positions upon completion.
Pennsylvania Attracts Major Data Center Investment
This announcement follows closely on the heels of Amazon.com’s commitment to invest at least $20 billion in Pennsylvania to expand its own data center footprint, made last month. The influx of investment highlights Pennsylvania’s growing importance as a hub for data infrastructure.
CoreWeave Expands Through Acquisition
Just last week, CoreWeave finalized an agreement to acquire crypto miner Core Scientific in a deal valued at approximately $9 billion. This strategic acquisition is intended to secure the necessary energy and data center capacity to support the increasing demands of AI.
The continued expansion of AI infrastructure represents a significant shift in the technology landscape, with companies racing to meet the growing computational needs of this transformative technology.
