The specialized cloud provider plans to build three new data centers in Europe. In Norway, Sweden and Spain by the end of 2025.
AI hyperscaler CoreWeave has unveiled plans to invest $2.2 billion in expanding its operations with three new data centers across continental Europe by the end of 2025. This announcement follows CoreWeave’s recent UK expansion and significant financial milestones, including a $7.5 billion debt financing facility led by Blackstone Tactical Opportunities, a $1.1 billion Series C fundraising round in May 2024, and a $2.3 billion debt financing facility in August 2023. To date, the company has amassed over $12 billion in funding.
The new data centers will join CoreWeave’s existing two UK-based centers, reinforcing its commitment to providing advanced compute solutions. These solutions include NVIDIA’s Blackwell platform and NVIDIA Quantum-2 InfiniBand networking. CoreWeave’s rapid scaling is driven by the increasing global demand for accelerated compute solutions, essential for training and deploying sophisticated AI models.
CoreWeave’s strategic European expansion aims to meet the region’s regulatory and operational requirements, ensuring low-latency performance for AI workloads and offering a data-sovereign cloud for European and UK customers. The new facilities will be powered entirely by renewable energy and are expected to create job opportunities across the region.
"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 – our 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."
Swedish Minister for International Development Cooperation and Foreign Trade, Johan Forssell, echoed this sentiment, stating, "CoreWeave’s investments in Sweden will bolster critical AI infrastructure. We need to ensure that Sweden and Europe play a key role in building these facilities to drive economic growth, innovation, and productivity."
