financetom
Business
financetom
/
Business
/
CoreWeave in Partnership With Poolside on New AI Data Center in Texas
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CoreWeave in Partnership With Poolside on New AI Data Center in Texas
Oct 15, 2025 7:21 AM

10:10 AM EDT, 10/15/2025 (MT Newswires) -- CoreWeave ( CRWV ) is teaming up with Poolside to build a 2-gigawatt artificial intelligence data center in West Texas, the companies said in separate Wednesday statements.

The companies have signed a partnership agreement and CoreWeave ( CRWV ) said it will will provide a cluster of Nvidia (NVDA) GB300 NVL72 systems and cloud solutions for the project named "Horizon."

As part of the deal, CoreWeave ( CRWV ) agreed to be the anchor tenant and operational partner for Horizon's first 250 megawatts of capacity, the companies said, with an option to expand capacity by an additional 500MW, according to the statements.

Poolside said the project site is next to a major natural gas hub and is planned to have its own "energy and compute foundation." Horizon will be developed in eight phases of 250 MW each, the company added.

Shares of CoreWeave ( CRWV ) were up more than 4% in recent Wednesday trading.

Price: 138.88, Change: +4.82, Percent Change: +3.59

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Nokia beats estimates as it scales down venture fund investments
Nokia beats estimates as it scales down venture fund investments
Oct 22, 2025
(Reuters) -Finnish telecoms equipment maker Nokia reported third-quarter profit well ahead of expectations on Thursday as it said it will scale down its passive venture fund investments. Comparable operating profit in the quarter through September reached 435 million euros ($507 million). Analysts polled by LSEG expected the same metric to reach 342 million euros. U.S. tariffs, a market slowdown and...
Sodexo forecasts slower revenue growth in 2026 on US challenges
Sodexo forecasts slower revenue growth in 2026 on US challenges
Oct 22, 2025
(Reuters) -French caterer Sodexo on Thursday forecast slower revenue growth in 2026 than in 2025, citing challenges in its U.S. business. Sodexo now sees 2026 organic revenue growth of between 1.5% and 2.5%, from 3% and 4% previously, and expects underlying operating profit margin to be slightly lower than 2025. For fiscal 2026, we remain laser-focused on addressing these challenges,...
Heineken targets mid-single-digit revenue growth in 2030 plan
Heineken targets mid-single-digit revenue growth in 2030 plan
Oct 22, 2025
Seville, SPAIN -Dutch brewer Heineken said on Thursday it aims to deliver mid-single-digit organic net revenue growth each year until 2030, with profit growth ahead of that, as it laid out an updated strategic vision covering the next five years ahead of an investor event later in the day. The world's second-largest brewer by revenue said its sharpened EverGreen 2030...
MTU Aero Engines beats profit estimates on commercial demand
MTU Aero Engines beats profit estimates on commercial demand
Oct 22, 2025
Oct 23 (Reuters) - MTU Aero Engines reported a third-quarter adjusted operating profit that beat market expectations on Thursday, as revenue growth in its commercial engine business and commercial maintenance helped cushion the impact of U.S. tariffs. The Airbus and Boeing ( BA ) supplier said its adjusted earnings before interest and taxes were 339 million euros ($395 million) in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved