CoreWeave Enters Asia-Pacific with 360 MW Indonesia Data Center Buildout
CRWV sits 42% above its 52-week low of $60.55.
Summary
CoreWeave is expanding into Indonesia with three new data centers totaling 360 megawatts of contracted IT power, its first move into the Asia-Pacific region. The facilities are expected online in 2028 and will be owned and operated by CoreWeave, bringing its full AI cloud platform to Southeast Asia. This follows the company's rapid infrastructure growth—it already operates 49 data centers globally with over 1 GW of active power and more than 3.5 GW contracted. The expansion taps into accelerating AI demand in Asia, where enterprises and governments need local compute for latency-sensitive workloads. While the timeline is long, the move signals CoreWeave's ambition to capture a share of the fast-growing Asian AI market, adding to its $100 billion revenue backlog.
At the time of this announcement, CRWV was trading at $86.20 on NASDAQ in the Technology sector, with a market capitalization of approximately $46.8B. The 52-week trading range was $60.55 to $153.20. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.