LANCASTER, PA — A joint venture backed by Blue Owl Capital, Chirisa Technology Parks, and Machine Investment Group has closed on $4 billion in funding to support CoreWeave’s previously announced data center campus in Lancaster, Pennsylvania.
CoreWeave, a fast-growing provider of cloud infrastructure for artificial intelligence, will lease the new campus as part of its nationwide buildout of AI-focused facilities. The Lancaster site will join the company’s expanding global network of data centers, designed to serve as infrastructure hubs for AI innovation across key U.S. economic regions.
Expanding a Strategic Partnership
The deal builds on Blue Owl’s ongoing relationship with Chirisa Technology Parks, extending up to $20 billion in potential funding for new developments. Current projects between the partners include nearly half a gigawatt of new capacity underway in Virginia and Pennsylvania.
Marc Zahr, co-president and global head of real assets at Blue Owl, said the partnership reflects a broader commitment to supporting mission-critical digital infrastructure. “Together, we are not just funding data centers, we are enabling the scalable, resilient, and secure digital backbone of the AI workloads that will underpin society and the economy well into the future,” he said.
Local and Economic Impact
David Kelly, managing director for North America at Chirisa Technology Parks, emphasized the broader benefits of the Lancaster development. He noted that building out AI infrastructure in Pennsylvania will generate high-quality jobs, partnerships with local schools, and new opportunities for area residents to participate in the digital economy.
Eric Rosenthal, managing partner at Machine Investment Group, added that the project aligns with the firm’s strategy of redeveloping underused commercial properties. He pointed to Pennsylvania’s location and infrastructure as strong advantages for data center expansion.
A Cornerstone for CoreWeave
CoreWeave has rapidly scaled into one of the leading providers of GPU-powered cloud infrastructure for AI workloads. The Lancaster facility, alongside new developments in Virginia, is expected to serve as a cornerstone of the company’s accelerating data center footprint.
Newmark Group Inc. advised on the Lancaster joint venture, underscoring the scale and complexity of the financing package.
With demand for AI infrastructure continuing to surge, the Lancaster project positions Pennsylvania as a key player in the race to build the digital backbone for next-generation computing.
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