CoreWeave Announces $6 Billion AI Data Center Investment, Boosts Core Scientific Shares Ahead of $9 Billion Merger Deal

CoreWeave plans to invest up to $6 billion in building an AI data center in Lancaster, Pennsylvania, generating 600 skilled jobs and scaling to 175 permanent roles. The company will operate the center in partnership with Chirisa Technology Parks and Machine Investment Group. CoreWeave agreed to acquire Core Scientific in a definitive all-stock merger deal, valuing Core Scientific at $9 billion.

Title: CoreWeave's $6 Billion AI Data Center Plan: A Boon for Lancaster, Pennsylvania

CoreWeave, a leading AI cloud firm, has unveiled plans to invest up to $6 billion in developing an AI-focused data center in Lancaster, Pennsylvania. The data center, initially set to have a 100MW capacity with the potential to scale up to 300MW, will be "purpose-built" for AI use cases. This significant investment is expected to generate around 600 skilled jobs during the construction phase and 70 full-time technical and operational roles at launch, eventually scaling to 175 permanent roles [1].

The data center will be co-developed by Chirisa Technology Parks and Machine Investment Group, with CoreWeave serving as the sole tenant. The exact location and size of the facility have not been disclosed, but it is known that Machine Investment Group purchased two former printing press facilities in Lancaster in February 2025, totaling more than two million square feet across 144 acres, for redevelopment into AI and cloud computing data centers [1].

CoreWeave's CEO, Michael Intrator, highlighted the relentless demand for high-performance AI compute and the company's commitment to scaling a cloud platform tailored for AI. He emphasized that this investment will accelerate innovation and drive economic growth across the region. Intrator also expressed his anticipation of working with leaders like Senator McCormick and Governor Shapiro to ensure the project's meaningful and lasting impact [1].

Governor Josh Shapiro welcomed the investment, noting that it will continue to build on Pennsylvania's work in supporting the technology sector and creating good-paying jobs. Shapiro also mentioned that the state is investing in its workforce, building out energy resources, and speeding up permitting processes to attract major investments like CoreWeave's [1].

The announcement comes amidst CoreWeave's acquisition of Core Scientific, a blockchain infrastructure provider, for $9 billion. This merger will give CoreWeave control of approximately 1.3 gigawatts of power capacity, with more than 1 GW available for future expansion. The acquisition is expected to help CoreWeave verticalize its data center footprint and enhance its profitability [2, 3].

CoreWeave currently operates 33 AI data centers, 28 of which are located in the US. The company also leases space from various providers, including Lincoln, Chirisa, Flexential, TierPoint, Digital Realty, DataBank, Switch, DataBank, Galaxy, and Applied Digital [1].

Lancaster, located west of Philadelphia, is one of Pennsylvania's largest data center markets after Pittsburgh. The new data center is expected to be one of the region's first large-scale AI centers, contributing to the state's growing AI and cloud computing landscape [1].

References
[1] https://www.datacenterdynamics.com/en/news/coreweave-plans-6bn-data-center-in-lancaster-pennsylvania/
[2] https://finance.yahoo.com/news/core-scientific-corz-nosedives-30-191210851.html
[3] https://www.benzinga.com/markets/tech/25/07/46423337/coreweave-6-billion-ai-bet-boosts-core-scientific-9-billion-deal