Blow Owl Closes $4B Deal For Coreweaves Pennsylvania Data Center

CoreWeave’s data center campus in Pennsylvania is seeing funding pour in from Blue Owl Capital.

Blue Owl Capital, affiliates of Chirisa Technology Parks, and Machine Investment Group LP just closed a $4 billion joint venture deal for the previously announced CoreWeave site in Lancaster, Pennsylvania.

Blue Owl has been very active in the space, with plans to fund up to $20 billion worth of developments for CTP. Right now, the pair currently support almost 500MW worth of new projects across Virginia and Pennsylvania.

We are seeing more and more private investment in data centers, with growth only expected to increase over the coming years. AI requires massive, power hungry data centers, with buildouts costing tens of billions.