GPU cloud provider CoreWeave has officially announced plans to expand into continental Europe.
The company this week said it will invest $2.2 billion in expanding and opening three new data centers on the continent before the end of 2025.
This is in addition to CoreWeave's previously announced $1.3 billion investment in the UK, bringing the total in the region to $3.5 billion.
The three planned new data centers will add to CoreWeave's two data centers based in the UK.
"Europe represents the next frontier for the AI industry and is an important milestone in the next phase of CoreWeave's growth," said Mike Intrator, co-founder and CEO of CoreWeave. "We see enormous opportunity for CoreWeave in Europe – CoreWeave's GPU infrastructure will provide the European cloud market the computing solutions and tools needed to meet the growing demand for next-generation AI applications."
Intrator said this is the first of what the company hopes to be "several significant investments" in the region.
Exact details weren’t shared, but CoreWeave will be investing in locations in Sweden and Norway.
DCD has also previously reported on the company’s plans to open a location in Spain. On its jobs board, the company is hiring for a data center technician in Barcelona, Spain, within an EdgeConneX data center. It hasn’t previously mentioned plans for a Spanish deployment.
"CoreWeave's investments in Sweden will bolster critical AI infrastructure," said Johan Forssell, Swedish Minister for International Development Cooperation and Foreign Trade. "This is also a huge vote of confidence in the Swedish technology sector and I am proud that the Swedish investment climate is attracting pioneering companies like CoreWeave."
Karianne Tung, Norwegian Minister of Digitalization, added: "I am pleased that significant investments into AI infrastructure are being made on Norwegian ground. Private investment into our technological infrastructure bolsters our position as a hub for technological development and AI."
The news follows the company’s plan to invest £1 billion ($1.25bn) in expanding its operations in the UK.
The funding will enable the launch of two data centers in the UK in 2024, with further expansion plans for 2025.
The company hasn’t said where its UK data centers will be located, but it is hiring data center technicians based at East London’s Docklands.
Founded in 2017 and originally focused on crypto and blockchain applications, CoreWeave has been investing heavily in its cloud offering, providing access to GPUs for AI applications. The company has since raised billions of dollars in equity and billions more in debt financing.
The company currently lists three data center regions on its website; US East in Weehawken, New Jersey; US West in Las Vegas, Nevada; and US Central in Chicago, Illinois. Its status page also lists a region in Reno.
The company has been on a major leasing spree in the last 18 months. CoreWeave previously said that it expects to operate 14 data centers by the end of 2023 and 28 by the end of 2024.
The company has signed leasing deals with the likes of Lincoln Rackhouse, Chirisa, Flexential, TierPoint, Digital Realty, and Core Scientific for data centers across the US, including in Texas, Virginia, Georgia, and Oregon.
CoreWeave job listings note open positions for data center technicians or security staff in Hillsboro, Oregon; Lynwood, Washington; Breinigsville, Pennsylvania; East Windsor, New Jersey; Alpharetta and Douglassville, Georgia; Chester and Clarksville, Virginia; Reno/Sparks, Nevada; and Cincinnati, Ohio.
This week CoreWeave signed a 200MW leasing deal with Core Scientific to host at a number of its US facilities and is reportedly bidding to acquire the crypto and HPC hosting company.
