CoreWeave Announces Three New Data Centers in Indonesia

Shares of CoreWeave surged on Tuesday, August 4, following the company's announcement of its first major expansion into the Asia-Pacific region with three new data centers in Indonesia. The AI cloud infrastructure provider said the facilities will deliver a total of 360 megawatts of contracted computing power and are scheduled to come online throughout 2028.

The stock closed at $91.90, up 7.2% from its previous close, on elevated trading volume. The move marks a strategic geographic diversification for CoreWeave, which has previously operated data centers only in North America and Europe. As of March 31, the company operated 49 data centers globally.

Company officials stated the expansion addresses growing regional demand for AI computing resources located closer to end-users, driven by needs for low-latency performance and data residency requirements. CoreWeave will maintain full ownership and operational control of the Indonesian sites. As part of the initiative, the company also plans to build and train a local workforce to manage the facilities, aligning with Indonesia's national objectives to bolster its digital infrastructure and AI capabilities.