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CoreWeave has announced plans to invest up to $6 billion in establishing an AI data center in Pennsylvania, Reuters reported. CoreWeave’s $6 billion investment is part of President Donald Trump’s push to drive US competitiveness in the rapidly growing tech sector. CoreWeave stocks rose by over 9% on July 15 following its commitment to invest billions in AI infrastructure in Pennsylvania.
CoreWeave’s Pennsylvania AI investment adds to the billions of dollars that tech companies have committed towards US AI infrastructure expansion. The investment will also contribute towards rising energy and computational demands in the country while supporting Trump’s efforts to grow onshore AI supply chains.
CoreWeave CEO announced the AI data center investment during a roundtable with the US President Donald Trump at the Pennsylvania Energy and Innovation Summit.
“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. This data center will accelerate innovation and drive economic growth across the region,” CoreWeave Co-Founder and CEO Michael Intrator said.
President Trump is expected to unveil $70 billion in investments in AI and energy on July 15.
CoreWeave’s investment will support the equipping of a new, state-of-the-art data center in Pennsylvania’s Lancaster area. The data center will be designed to power the most competitive AI use cases. The AI data center in Pennsylvania will initially utilize 100 megawatts of power. Its energy needs will later expand to 300 megawatts, becoming one of the large scale data centers in the region.
“I’m thrilled to welcome this transformative investment in our great Commonwealth. This Energy and Innovation Summit is a powerful testament to Pennsylvania’s readiness and ability to lead—to generate thousands of good-paying jobs, to unleash our incredible energy resources, and to power the next AI and economic revolution, further strengthening America’s resilience and independence. I’m deeply grateful to CoreWeave for their tremendous commitment to Pennsylvania’s future,” Senator Dave McCormick.
During the construction phase, the Lancaster data center will create around 600 jobs. 70 full-time operational and technical positions will be available when the AI facility launches. This number is expected to increase to 175 employees over time. The project is expected to have a real economic impact, with each data center position generating more than six jobs.
“Pennsylvania is competing again and bringing in billions of dollars in new investment to the Commonwealth to support our technology sector, and CoreWeave’s $6 billion investment will continue to build on that work — creating good-paying jobs as Pennsylvania workers build, maintain, and operate a new AI data center in Lancaster County,” said Governor Josh Shapiro.
Investment in AI has been increasing gradually across the US. In June this year, Amazon.com announced plans to invest $20 billion in Pennsylvania to expand its AI infrastructure. On July 14, Google announced a $25 billion data center deal and committed an additional $3 billion to support upgrades in two hydropower factories in Pennsylvania.
CoreWeave’s latest investment is a result of continuous engagement with policymakers who are committed to strengthening AI and energy in the US through policies that boost investment and strategic investment in vital infrastructure.
The AI investment announcement comes barely a week after the company said it will be acquiring Core Scientific, a crypto mining firm in a $9 billion deal. The company was one of Core Scientific’s top customers. The acquisition deal includes $10 billion in future lease commitments.
The Lancaster data center was co-developed by Machine Investment Group and Chirisa Technology Parks. Both companies partner in all aspects of community engagement, recruitment of workforce, and development of an AI infrastructure that delivers impact and long-term economic benefits.
CoreWeave will be hosted on the project site. Once complete, the Lancaster facility will push the company’s AI infrastructure to 38 data centers. Out of these, 28 are located in the US.