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Blue Owl, Chirisa Close $4 Billion JV to Build CoreWeave’s Lancaster AI Campus

The financing expands Blue Owl’s commitment to Chirisa to $20 billion to support more than 1 gigawatt of data‑center capacity.

Overview

  • The partnership will fund roughly $200 million in local power‑grid improvements alongside the Lancaster build.
  • The Lancaster campus launches at 100 megawatts with company plans that allow expansion to as much as 300 MW.
  • CoreWeave will be the sole tenant in Lancaster and at a separate Chesterfield, Va., campus targeting about 120 MW that is under construction.
  • The project repurposes former printing‑press sites and is expected to support about 600 construction jobs and 70 full‑time operations roles.
  • CoreWeave, backed by Nvidia, specializes in GPU‑based cloud services for AI workloads that will run on the new facility.