03:33 PM EDT, 07/15/2025 (MT Newswires) -- CoreWeave ( CRWV ) shares jumped on Tuesday as the artificial intelligence cloud computing firm said it plans to invest more than $6 billion in a new data center in Lancaster, Pennsylvania, amid growing demand for AI infrastructure.

The company is looking to build a 100-megawatt facility, which it said can be expanded to 300-MW capacity. CoreWeave ( CRWV ) will be the tenant of the site to be co-developed by Chirisa Technology Parks and Machine Investment Group, according to a statement.

CoreWeave ( CRWV ) shares were up 7.3% in Tuesday late-afternoon trade.

"The demand for high-performance AI compute is relentless, and CoreWeave ( CRWV ) is scaling a cloud purpose-built for AI to meet it and strengthen US leadership," CoreWeave ( CRWV ) Chief Executive Michael Intrator said.

Last week, CoreWeave ( CRWV ) disclosed a $9 billion all-stock deal to acquire data center infrastructure provider Core Scientific ( CORZ ) . The Lancaster facility will expand CoreWeave's ( CRWV ) network of AI data centers to 34, including 29 in the US.

Amazon.com (AMZN) last month announced plans to invest at least $20 billion in Pennsylvania to expand its data center infrastructure.

Price: 142.94, Change: +10.57, Percent Change: +7.98