Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
CorewaveThe $19 billion cloud computing company that provides AI compute resources to companies has officially opened its first two data centers in the UK – the first outside of its home US market.
Corewave European headquarters opened in London last MayAfter a while a hit $19 billion valuation Behind the $1.1. Billion fund raising. At the same time, the company announced plans to open two data centers as part of a £1 billion ($1.25 billion) investment in UK Today. A separate announcement from the UK Government which details a five-year investment plan to increase government-owned AI computing capacity, as well as geographic “AI growth zones” that include private sector AI infrastructure.
“This investment is a huge vote of confidence in the UK’s digital technology sector, and one we look forward to seeing as we use AI to drive growth and efficiency in the economy.” Rachel ReevesUK Chancellor of the Exchequer, in a statement.
Corewave’s first UK data center quietly went live in Crawley in October, the company said, with a second hub opening in London Docklands in December. Use both positions Nvidia’s Hopper GPU (Graphical Processing Unit), based on its upgrade H200 series chip Designed for high-performance computing (HPC) and AI workloads.
From Crypto to AI Compute
Founded in 2017, CoreWeave began with a focus on crypto mining, but with the growing demand for AI computing — that is, the processing power and infrastructure needed to perform computational tasks like running algorithms and running machine learning models — the company has expanded to such workloads. GPU infrastructure is reused.
CoreWeave is one of several cloud infrastructure startups looking to capitalize on the AI hype wave, including domestic European players such as France’s FlexAI; DataCrunch, which Based in Finland; and Netherlands-based Nebius, which Rise from the ashes of Russian Internet giant Yandex.
CoreWave said it has opened 28 data centers by the end of 2024, including two new ones it has officially announced. Separately, it plans 10 new data centers in 2025, three of which will be in Europe, including Three previously announced locations In Norway, Sweden and Spain.
