CoreWeave CEO Plans $6B Data Center in Lancaster, PA, Amid $70B AI, Energy Investment

CoreWeave CEO Michael Intrator plans to invest up to $6 billion in a data center in Lancaster, PA, as part of a larger $70 billion investment in AI and energy announced by President Trump. Intrator discussed the company's plans with Bloomberg's Tyler Kendall on "Balance of Power."

CoreWeave, a leading AI cloud firm, has announced plans to invest up to $6 billion in developing a data center in Lancaster, Pennsylvania. This significant investment is part of a larger $70 billion initiative in AI and energy announced by President Trump. The data center, which will have an initial capacity of 100 MW and the potential to scale up to 300 MW, is designed to be "purpose-built" for AI use cases. The project, which will be co-developed by Chirisa Technology Parks and Machine Investment Group, is expected to create around 600 skilled jobs during the build phase and 70 full-time technical and operational roles at launch, scaling to 175 over time [1].

CoreWeave's CEO, Michael Intrator, discussed the company's plans with Bloomberg's Tyler Kendall on "Balance of Power," stating that the demand for high-performance AI compute is relentless, and this data center will accelerate innovation and drive economic growth across the region. The project is expected to help position Pennsylvania and the broader Mid-Atlantic region as a strategic hub for the global AI economy [2].

The Lancaster data center will be one of CoreWeave's 33 AI data centers, with 28 located in the US. The company currently leases space from various providers and is also acquiring data center developer Core Scientific for $9 billion [1]. The Lancaster facility will add to CoreWeave's growing network of AI data centers, contributing to the company's overall strategy to strengthen US leadership in AI.

The $70 billion AI and energy investment announced by President Trump includes new data centers, power generation expansion, grid infrastructure upgrades, AI training programs, and apprenticeships. The initiative aims to keep the US ahead of China in the AI race and ensure the country has enough power to run energy-hungry AI data centers [3].

The Lancaster data center project aligns with Pennsylvania's efforts to attract major investments and create good-paying jobs. Governor Josh Shapiro has expressed support for the project, highlighting the state's commitment to investing in its workforce, energy resources, and infrastructure to facilitate such investments [1].

References:
[1] https://www.datacenterdynamics.com/en/news/coreweave-plans-6bn-data-center-in-lancaster-pennsylvania/
[2] https://www.politicspa.com/coreweave-announces-6b-artificial-intelligence-data-center-project-for-lancaster/142115/
[3] https://finance.yahoo.com/news/trump-unveil-70-billion-ai-170310779.html