CoreWeave

Recent news

• Jul 9, 2026

  Cerebras to deploy 200MW of compute in Europe by end of 2027

  Cerebras Systems has announced it will bring its first data center capacity online in Europe by the end of 2026 and aims to deploy 200MW across Europe by the end of 2027.

  • Europe expansion will focus on France and the Nordics, with data centers slated for Norway and Finland; CEO Andrew Feldman said the company is contracting significant capacity for 2027.
  • The article also notes prior and parallel capacity deals: 40MW leased from a Digi Power X data center in Alabama in May, plus deployments in the US, Canada, and other regions; no European operator partners were named.
• Jul 7, 2026

  Galaxy Digital completes first phase of pivoting cryptomine to AI hosting

  Galaxy Digital has announced completion of the first phase of its Helios campus pivot toward AI and HPC use, delivering power to CoreWeave.

  • Phase I at the Helios data center campus in West Texas is complete and has delivered about 200MW gross power and 133MW critical IT load to CoreWeave; Phase II greenfield development is underway with 260MW planned.
  • CoreWeave has committed to 526MW critical IT load (800MW gross power) across three phases under 15-year leases; Galaxy says the campus total approved power capacity has expanded to 1.63GW, with potential to reach 3.6GW. Galaxy acquired the campus in late 2022 from Argo Blockchain for about $65 million and later announced the pivot to AI use.
• Jul 6, 2026

  Anthropic signs $19bn, 20-year lease for Kentucky data center with TeraWulf

  TeraWulf has announced a long-term lease with Anthropic for its Justified Data campus in Hawesville, Kentucky, and separately said it is selling its 50.1% ownership interest in the Abernathy Joint Venture.

  • Anthropic lease: the agreement runs for 20 years and is expected to generate about $19 billion in revenue for TeraWulf; the campus is planned for up to 401MW of IT capacity, with initial capacity in the second half of 2027 and full operations by early 2028.
  • Abernathy JV sale: TeraWulf said it is divesting its entire 50.1% ownership in the JV with Fluidstack in Abernathy, Texas; the JV was formed in October 2025 for a 168MW data center on a 120-acre campus, and TeraWulf said the deal helps it realize value from its $450m investment.
• Jul 2, 2026

  Nvidia acts as backstop for customer GPUs in return for cut of cloud revenue

  Nvidia has announced a new credit-support and revenue-sharing model for AI cloud customers purchasing its AI chips.

  • Nvidia said the model lets AI clouds procure Nvidia infrastructure for AI-native, enterprise, and ISV customers through a revenue-sharing and credit-support model.
  • Under the partnership, Nvidia will rent back unused GPUs at a fixed rate and earn both standard product revenue and a share of cloud revenue on supported capacity; Firmus and Sharon AI are among the first adopters.
  • Firmus is deploying 170,000 GPUs in Batam, Indonesia; Sharon AI is deploying 40,000 GB300 GPUs.
  • The article also references earlier 2025 deals with CoreWeave and Lambda, including a September 2025 CoreWeave agreement valued at $6.3bn and a Lambda deal valued at $1.5bn.
• Jul 2, 2026

  Meta pushes ahead with plans to launch cloud business - report

  Meta is reportedly planning a new cloud computing business unit to sell access to AI computing power and models.

  • People familiar with the matter told Bloomberg that Meta is developing plans for a cloud business; Mark Zuckerberg had previously said the idea was “definitely on the table” but not an active plan.
  • Meta CFO Susan Li said 2026 capex expectations were raised to $120 billion-$135 billion, reflecting higher component pricing and additional data center costs; Meta Compute was created earlier this year to expand data center capacity, with Zuckerberg saying it is planning “tens of gigawatts this decade” and “hundreds of gigawatts or more over time.”
• Jul 2, 2026

  Bulk buys land in Arendal, Norway, for data center development

  Bulk Infrastructure has announced the acquisition of a plot in Arendal, Norway, where it plans to develop a data center with a 150MW grid connection by the end of 2029.

  • Arendal officials approved the sale of plot no. 25, block no. 121 on Longum Nord for NOK 600 million ($60.47m); the land is located in the Eyde Material Park and will be acquired via Bulk Data Centers Arendal AS.
  • The municipality bought the plot in 2024 for NOK 200 million ($20.16m) and had planned a recycling facility, but those plans were dropped; the park totals 250 hectares and claims 800MW of power availability, while the Longum Nord portion totals 82 hectares.
• Jun 26, 2026

  Galaxy Digital eyes second Texas data center site, buys land outside Waco

  Galaxy Digital has announced an agreement to acquire land in McGregor, Texas (Project Merlin) to develop a new data center campus.

  • Main announcement: Galaxy Digital aims to acquire 500 acres in McGregor’s industrial park (Project Merlin) and invest some $400 million to develop up to eight buildings, with the site to use closed-loop cooling systems to reduce water usage and Galaxy covering infrastructure upgrade costs.
  • Background and other details: The move would be Galaxy’s second Texas campus after its 160-acre Helios campus (acquired from Argo Blockchain for approximately $65 million in late 2022); Helios has an 800MW approved capacity (fully leased to CoreWeave) and a lease projected to generate average annual revenue of more than $1 billion over a 15-year term.
• Jun 24, 2026

  CoreWeave signs colocation agreement with Conapto in Sweden

  CoreWeave has signed a colocation agreement to lease capacity from Conapto in Sweden.

  • Colocation agreement signed: CoreWeave will lease capacity from Conapto’s Stockholm campuses, with initial capacity already online at Stockholm 4 South; CoreWeave will deploy Nvidia Blackwell and Vera Rubin GPUs connected via Nvidia Quantum-X800 InfiniBand, and the deal brings CoreWeave’s European presence to eight sites.
  • Site and operational details: Stockholm 4 South is Conapto’s newest and largest data center with 32MW IT capacity across 3,000 sqm; Conapto provides 100% renewable energy and heat recovery to Stockholm’s district heating network, with power supplied via Vattenfall 24/7 matching; CoreWeave reported operating in 49 data centers globally with >1GW active power and 3.5GW contracted as of March 31, 2026.
• Jun 8, 2026

  The AI Demand Dilemma: Utilities Confront Speculative Growth

  Utilities across the US are rewriting tariffs, demanding financial guarantees, and altering transmission and procurement plans to avoid building infrastructure for speculative AI-related data center load requests.

  • Main action: Utilities (notably AEP and Duke Energy) are tightening large-load rules and requiring financial commitments to move projects forward: AEP winnowed more than 30 GW of preliminary requests to ~13 GW for formal studies and 5.6 GW with signed Electric Service Agreements; AEP proposed requiring customers to commit to paying for 90% of requested capacity for a decade before the utility builds supporting infrastructure. These measures include specialized large-load tariffs, collateral/minimum-usage guarantees, and phased energization schedules to limit ratepayer exposure.
  • Background and implementation details: Regulators and reliability bodies (NERC, ERCOT, FERC) are developing new categories and study frameworks (e.g., Computational Load Entity, batch study processes) and reliability guidance. Utilities are expanding financing and procurement: Duke extended a $10 billion master credit facility through 2031 and raised its five-year capital plan to $103 billion; AEP raised its five-year capital plan to $78 billion. Industry forecasts and planning estimates include Wood Mackenzie projecting the US data center electrical equipment market could grow to $65 billion by 2030, and Grid Strategies/ACEG estimating roughly 5,000 miles of new high-capacity transmission annually through 2035 (fewer than 1,000 miles built in 2024).
• Jun 1, 2026

  The Case For Pragmatism in the AI Infrastructure Boom

  The article argues that the AI boom is driving substantial data centre investment while creating financing, power, permitting and skills challenges for European data infrastructure.

  • Main point: The piece synthesises findings from reports (McKinsey, SoEDC 2026, Moody’s, Gartner) that AI workloads require far larger CapEx (McKinsey: $5.2 trillion for AI vs $1.5 trillion for traditional IT) and that hyperscale construction investment in Europe is expected at €7 billion (~$8.1 billion) per year to 2031; it emphasises power demands (1–5 GW campuses, double rack densities, expansion from 7.6 GW colocation IT power in 2024 with 27% CAGR to 2031) as central constraints.
  • Context and sourcing: This is an analytical commentary referencing multiple published reports and news items (SoEDC 2026, McKinsey, Moody’s, Gartner, ECB statements) rather than a single new corporate announcement; it highlights modular/phased builds, neocloud providers (CoreWeave, Global AI, Nebius), and regional power projections (southern Europe: 682 MW in 2024 to ~5.9 GW by 2031) as concrete implementation details.
• May 27, 2026

  Texas May Have Accidentally Built the Perfect Grid for AI

  ERCOT and industry filings show CREZ-era West Texas transmission corridors are increasingly guiding hyperscale AI campus siting as developers seek bulk power and expandable transmission capacity.

  • Main announcement/action: Galaxy Digital’s Helios campus (previously an Argo Blockchain site) has ERCOT approval for an additional 830 MW, bringing total approved load above 1.6 GW after completion of Large Load Interconnection Studies (LLIS); the project has service agreements with AEP Texas and transmission coordination with WETT, but current physical deployment is phased (initial lease: 133 MW to CoreWeave).
  • Background and details: Filing documents indicate a 327.2 MW self-generator registration (backup power) including 121 Caterpillar diesel generators tied to roughly 252 MW of emergency generation, a currently identified 200 MW co-located load, and broader system context where ERCOT’s large-load queue has ballooned above ~230 GW and industry reports cite transformer shortages (~30%), multi-year lead times, and average global power-delivery timelines of ~4.4 years.
• May 19, 2026

  Does Google’s $5B TPU Deal Signal a New Neocloud Era?

  Blackstone and Google have announced a new US-based AI infrastructure venture built around Google’s Tensor Processing Units (TPUs).

  • Main announcement: The venture will provide data center capacity, networking, operations, and Google Cloud TPUs as a compute-as-a-service offering; Blackstone committed $5 billion in initial equity, and the partners plan to bring 500 MW of capacity online in 2027. Benjamin Treynor Sloss (longtime Google infrastructure executive) will lead the company as CEO.
  • Background and details: The deal structure separates TPU infrastructure from the traditional hyperscale cloud model and echoes the neocloud trend (players like CoreWeave, Crusoe, Lambda). Reuters reported the broader venture could involve up to $25 billion including leveraged financing. Locations and power sourcing for facilities were not disclosed.
• May 15, 2026

  Earnings Roundup: Neoclouds Shift From GPU Race to Power Wars

  CoreWeave and Nebius announced Q1 earnings showing rapid revenue growth and massive capex increases to industrialize AI infrastructure.

  • Main announcement:CoreWeave reported Q1 revenue of $2.08 billion, adjusted EBITDA $1.16 billion, crossed 1 GW of active power, expanded contracted power to >3.5 GW, posted $6.8 billion Q1 capex and disclosed a $21 billion Meta commitment; Nebius reported Q1 revenue $399 million (AI revenue $390 million), adjusted EBITDA $129.5 million, Q1 capex $2.5 billion, and raised FY capex guidance to $20–$25 billion, planning a Pennsylvania AI campus up to 1.2 GW and >4 GW contracted power by year-end.
  • Background and implementation details:Both firms raised multi-year capex plans (CoreWeave flagged up to $35 billion 2026 capex low end), shifting competition from GPU procurement to power, cooling, networking, and deployment velocity; the article cites utility interconnection queues, transformer shortages, transmission access, and substation construction as concrete execution bottlenecks.
• May 14, 2026

  Land and Expand: NVIDIA, IREN, Coatue, Microsoft, Switch, Cerebras, Core Scientific

  NVIDIA announced two major partnerships to accelerate industrial-scale AI infrastructure deployment with IREN and Corning Incorporated.

  • Main announcement: NVIDIA partnered with IREN to target deployment of up to 5 gigawatts of NVIDIA DSX-aligned AI infrastructure (focus on IREN’s 2-gigawatt Sweetwater campus in Texas) and separately partnered with Corning Incorporated to expand U.S. optical connectivity manufacturing (10x optical connectivity capacity increase; >50% domestic fiber production increase; construction of three new advanced manufacturing facilities in North Carolina and Texas). The IREN deal includes a five-year right for IREN to sell NVIDIA up to 30 million ordinary shares at $70 per share (potential consideration up to $2.1 billion).
  • Background and details: The article details additional industry moves into powered land, gigawatt campuses, crypto-to-AI conversions, and domestic supply-chain expansion, including Coatue/Next Frontier & Fluidstack’s 430 MW Indiana campus backed by $5.7 billion in senior secured notes (first 65 MW online by July 2027), Digi Power X’s 10-year MSA with Cerebras for a 40 MW Columbiana, AL campus (initial contract ~$1.1 billion, potential $2.5 billion, Phase 1 ready-for-service targeted Dec. 15, 2026), CloudBurst’s Texas campus ($14.5 billion investment; 1.2 GW planned), and Core Scientific’s acquisitions and campus expansions (e.g., $421 million cash acquisition of Polaris DS LLC; Muskogee and Pecos expansions to ~1.5 GW gross power).