CoreWeave's data center campus project in Lancaster, Pennsylvania, is getting a $4 billion injection. The funding comes from a joint venture between Blue Owl Capital, Machine Investment Group and affiliates of Chirisa Technology Parks.
Already, CoreWeave has invested in the campus, as it plans to lease the site, adding to its AI infrastructure globally. The Livingston, New Jersey-based firm operates 33 data centers in total; in the U.S., it has a presence in the Mid-Atlantic.
"CoreWeave's cutting edge GPU as a service capability, combined with CTP's deep expertise in AI data center development make this a uniquely powerful alliance, all supported by Blue Owl's differentiated scale and structuring capabilities," Marc Zahr, co-president and global head of real assets at Blue Owl, said in a statement.
"Together, we are not just funding data centers, we are enabling the scalable, resilient, and secure digital backbone of the AI workloads that will underpin society and the economy well into the future."
Eric Rosenthal, managing partner at Machine, added that Pennsylvania's "strategic location and robust infrastructure make it an ideal setting to deploy capital into attractive new data center developments."
Chirisa Technology currently has new facilities under development in Virginia, in addition to Pennsylvania. Moreover, Blue Owl is planning to invest as much as $20 billion into Chirisa's developments.
The funding comes after Vantage Data Centers made headlines last week after announcing that it would pour more than $25 billion into building a 1.4 gigawatt campus in Shackelford County, Texas. That marks the digital infrastructure firm's largest investment to date. That comes after Vantage announced its entrance in Nevada, with plans to spend almost $3 billion on a 224 megawatt campus.
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