CoreWeave (CRWV) Plans $6 Billion AI Data Center in Pennsylvania

CoreWeave, Inc. (NASDAQ:CRWV) is one of the 12 Best Performing AI Stocks So Far in 2025. On July 15, CoreWeave, Inc. (NASDAQ:CRWV) announced that it plans to invest more than $6 billion in a new, advanced data center in Lancaster, Pennsylvania. This data center will be designed to support the most cutting-edge AI use cases.

The first phase of the project will have a capacity of 100 megawatts (MW), with the potential to expand to 300 MW. According to the report by CoreWeave, Inc. (NASDAQ:CRWV), this will be one of the first large-scale data centers of its kind in the region.

The Lancaster facility will feature modern equipment tailored for demanding AI workloads. CoreWeave, Inc. (NASDAQ:CRWV) expects this facility to help make Pennsylvania and the broader Mid-Atlantic region a key hub in the global AI industry.

This new data center will join CoreWeave, Inc.’s (NASDAQ:CRWV) growing network of 33 AI data centers, including 28 located across the US.

CoreWeave, Inc. (NASDAQ:CRWV) is an AI Hyperscaler that provides enterprises and leading AI labs with cloud solutions for accelerated computing. The company operates data centers across the US and Europe.

While we acknowledge the potential of CRWV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 12 Best Performing Stocks in the Last 6 Months and 12 Most Owned Stocks by Hedge Funds So Far in 2025.

Disclosure: None. This article is originally published at Insider Monkey.