Blockchain
CoreWeave invests $2.2 billion in expanding Europe’s AI infrastructure
CoreWeave, the company renowned for its AI hyperscaling capabilities, has announced a substantial investment of $2.2 billion to expand its operations with three new data centers across continental Europe, according to PR Newswire. This strategic move aims to meet the growing demand for advanced AI infrastructure in the region.
New data centers to be established
The expansion will see the creation of cutting-edge data centers in Norway, Sweden and Spain by the end of 2025. These facilities will be equipped with NVIDIA Blackwell GPUs and NVIDIA Quantum-2 InfiniBand networks, marking the first large-scale deployment of these technologies in Europe.
This development follows CoreWeave’s recent opening of its European headquarters in London, along with two data centers in the UK and a $1.3 billion investment in the UK. With this new investment, CoreWeave’s total commitment in Europe now stands at $3.5 billion.
Strategic importance of European expansion
Rapid scalability aligns with CoreWeave’s strategy to meet the growing global demand for accelerated computing solutions essential for training and deploying sophisticated AI models. The European expansion is designed to meet stringent regulatory and operational requirements, ensuring low latency performance and data sovereignty for both European and UK customers.
Mike Intrator, co-founder and CEO of CoreWeave, highlighted the importance of this move, saying: “Europe represents the next frontier for the AI industry and is an important milestone in CoreWeave’s next phase of growth . We see huge opportunities for CoreWeave in Europe: CoreWeave’s GPU infrastructure will provide the European cloud market with the computing solutions and tools needed to meet the growing demand for next-generation AI applications.”
Commitment to sustainability and job creation
The new data centers will be powered entirely by renewable energy, in line with CoreWeave’s commitment to sustainability. This expansion is expected to create numerous job opportunities in various roles, including engineering, operations, finance and market positions.
Johan Forssell, Sweden’s Minister for International Development Cooperation and Foreign Trade, praised the investment, saying: “CoreWeave’s investments in Sweden will strengthen critical artificial intelligence infrastructure. This is exactly the kind of infrastructure and data power that is a prerequisite for innovative AI companies.”
Karianne Tung, Norway’s minister for digitalisation, echoed similar sentiments, expressing optimism about the potential of artificial intelligence and supercomputing to drive economic growth and innovation in Norway.
Support from industry partners
Jaap Zuiderveld, Vice President of Sales and Marketing for Europe, Middle East and India at NVIDIA, highlighted the role of NVIDIA technologies in this initiative. “The NVIDIA Blackwell platform and NVIDIA Quantum-2 InfiniBand network, available through the CoreWeave platform, will help set a new standard for AI performance in Europe by making supercomputing more accessible,” he said.
CoreWeave’s European expansion builds on its recent momentum, including a $7.5 billion debt financing facility led by Blackstone Tactical Opportunities, a $1.1 billion Series C funding round in May 2024 and a $2.3 billion debt financing facility in August 2023.
As CoreWeave continues to expand its footprint, these new data centers will further solidify its position as a leading provider of advanced AI infrastructure globally.
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