LANCASTER, PENN. — CoreWeave (NASDAQ: CRWV), a New Jersey-based data center owner-operator, plans to invest “more than $6 billion” in a new purpose-built artificial intelligence (AI) data center in Lancaster, about 80 miles west of Philadelphia. CoreWeave plans to lease the site, which will be co-developed by Chirisa Technology Parks and Machine Investment Group.
Located at 216 Greenfield Rd. and 1375 Harrisburg Pike, the Lancaster facility will replace the former LSC Communications and R.R. Donnelley printing plants, which comprises a combined 1.5 million square feet of industrial space across 144 acres, according to Lancaster Online.
The data center will have the capacity to consume 100 megawatts (MW) of power, with the potential to expand to 300 MW, representing one of the first large-scale data centers of its kind in the region, according to CoreWeave.
CoreWeave’s announcement came during the CEO roundtable with President Donald Trump at Senator Dave McCormick’s inaugural Pennsylvania Energy and Innovation Summit, hosted at Carnegie Mellon University in Pittsburgh.
“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,” says Sen. McCormick.
CoreWeave’s investment in data center expansion was part of an overall $90 billion contribution to the country’s AI and energy sectors, including $25 billion from Google and $25 billion from Blackstone.
The Lancaster data center is expected to create 175 full-time jobs and 600 construction jobs. It is estimated that each data center job generates more than six additional American jobs in the broader economy, according to the Data Center Coalition (DCC).
CoreWeave’s announcement also follows a recent statement from Amazon for a $20 billion investment for multiple future cloud computing and AI innovation campuses in Pennsylvania, beginning with Salem Township in Luzerne County and Falls Township in Bucks County.
The Lancaster facility will add to CoreWeave’s growing network of 33 AI data centers, including 28 located across the United States. CoreWeave’s stock price closed on Wednesday, July 16 at $139.67 per share, up more than 300 percent since the company’s initial public offering of $39 per share in late March.
— Abby Cox