CoreWeave secured $4 billion in funding for a $6 billion AI data center campus development project in Lancaster, Pennsylvania. The funding is through a new joint venture with Blue Owl Capital, Chirisa Technology Parks (CTP), and Machine Investment Group (MIG).
The 100 megawatts at launch is planned for the campus with growth to 300 MW possible. CoreWeave hinted at the development in July at a White House-hosted event in Pittsburgh, where elected officials pointed to growing AI investment in Pennsylvania.
CoreWeave said the Lancaster development will support approximately 600 construction jobs and create approximately 70 full-time operations jobs. As part of the data center investment, the JV is making an estimated $200 million in local power grid infrastructure investments to serve the campus. CoreWeave has invested in the campus and will sublease the land, positioning Lancaster in the company’s expanding global network of AI data centers.
Partnership Perspectives
The partners aimed at both community and infrastructure gains. Blue Owl labeled the collaboration as building the secure, resilient, and scalable foundation required for AI workloads. CTP centered on high-performance digital campuses that were sustainable and the potential for jobs and education partnerships in host communities. MIG stated the Lancaster project aligns with its focus on repositioning underutilized commercial buildings located in strategic markets. MIG reports having invested around $2.4 billion of capital to date.
Pennsylvania is hosting significant AI-related commitments. The Pittsburgh meeting also included mention of a $25 billion infrastructure commitment by Blackstone in northeast Pennsylvania and a coal-to-natural-gas conversion facility by Frontier Group. CTP noted that new facilities under construction in Virginia, Texas and Pennsylvania are anchor developments in CoreWeave’s rapidly expanding footprint for AI infrastructure.
CoreWeave Lancaster AI Data Center Campus: Project Factsheet
Project Overview
Total Project Value: $6 billion
Secured Financing: $4 billion
Additional Infrastructure Investment: ~$200 million for local power grid upgrades
Funding Structure: Joint venture financing
Location & Capacity
Location: Lancaster, Pennsylvania
Initial Capacity: 100 megawatts at launch
Expansion Potential: Up to 300 MW
Property Strategy: Repurposing underutilized commercial properties
Employment Impact
Construction Jobs: Approximately 600 positions during development
Permanent Operations Roles: Around 70 full-time positions
Community Benefits: Planned jobs and education partnerships
Infrastructure Investments
Power grid upgrades totaling roughly $200 million
Strategic positioning within CoreWeave’s expanding global AI data center network
Focus on sustainable, scalable infrastructure for AI workloads
