CoreWeave Enters India With 240 MW AI Data Center Buildout
CRWV sits 49% above its 52-week low of $60.55.
Summary
CoreWeave is expanding into India through a collaboration with AdaniConneX, planning 240 MW of AI data center capacity in Navi Mumbai. The company will deploy NVIDIA Vera Rubin Platform and establish a local office, with first phase expected mid-2028. This follows its recent entry into Indonesia and adds to its 4.2 GW contracted power base. The move signals continued global expansion to meet AI demand, though the timeline is long-dated and capital-intensive.
Updates
· Benzinga — CoreWeave shares slipped nearly 8% Thursday after OpenAI disclosed roughly $50 billion annualized revenue, lower than the $68 billion widely reported.
- India Capacity — India capacity is across three 80 MW buildings at AdaniConneX’s Taloja campus. CoreWeave will be the sole tenant and has the option to double capacity by up to 240 MW.
- OpenAI Revenue — The $68 billion OpenAI figure included gross revenue from partners. The $50 billion figure allows direct comparison with Anthropic.
All 6 details
- India capacity is across three 80 MW buildings.
- India capacity is at AdaniConneX’s Taloja campus.
- CoreWeave will be the sole tenant for the India capacity.
- CoreWeave has the option to double India capacity by up to 240 MW.
- The $68 billion OpenAI figure included gross revenue from partners.
- The $50 billion OpenAI figure allows direct comparison with Anthropic.
At the time of this announcement, CRWV was trading at $90.28 on NASDAQ in the Technology sector, with a market capitalization of approximately $50.6B. 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.