CoreWeave secured $4 billion in a joint venture to expand its Lancaster, Pennsylvania campus, according to Benzinga. The deal includes funding from Blue Owl Capital, Chirisa Technology Parks, and Machine Investment Group, with Blue Owl also committing to finance up to $20 billion in future developments. The investment comes as debate grows over the sustainability of AI infrastructure growth. A Rittenhouse Research analysis countered skepticism about CoreWeave’s debt strategy, emphasizing that its debt is tied to long-term customer contracts rather than speculative spending. The firm reported that 98% of its revenue stems from contracts lasting more than four years, underscoring a de-risked model.
