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Coreweave News: Blue Owl Secures $600 Million For CoreWeave Data Center

December 12, 2024

Coreweave Unicorn News - December 12, 2024

A Blue Owl Capital-led group has obtained $600 million in financing for a new data center in Virginia, leased to AI cloud provider Coreweave. This project underscores the rising demand for large-scale digital infrastructure, with completion expected in 2025.

( 00:00:00 ) Introduction

( 00:00:28 ) Blue Owl-Led Group Lands $600 Million Financing for CoreWeave Data Center

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Blue Owl Capital, leading a group of investors, has secured $600 million in financing to develop a state-of-the-art data center in Virginia, leased to AI cloud provider CoreWeave. Scheduled for completion in 2025, the project highlights the surging demand for large-scale digital infrastructure driven by AI advancements, positioning CoreWeave to expand its capabilities in the fast-growing AI cloud market.

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