CoreWeave Expands into Indonesia, Shares Leap

CoreWeave, Inc. (NASDAQ: CRWV) today announced its expansion into Indonesia, the company's first data center presence in the Asia-Pacific region. The expansion adds three new facilities totaling 360 megawatts of contracted IT power, expected to come online in 2028.

CoreWeave will own and operate the compute environment across all three sites, bringing its full AI cloud platform to labs, startups and enterprise customers deploying workloads in Southeast Asia.

Demand for AI cloud services is accelerating well beyond CoreWeave's existing U.S. and European markets. Across Asia, enterprises, AI-native companies, and governments increasingly need AI compute located close to their data and users, driven by both latency-sensitive workloads and data locality requirements. CoreWeave's move into Indonesia reflects this shift, extending the company's ability to serve AI pioneers in the Asia-Pacific region.

"CoreWeave goes where we can bring AI pioneers the capacity, performance, and reliability they need to build and scale their ideas," said CEO Sachin Jain.

"Indonesia is investing heavily in AI education and digital capacity, and it’s paying off – the country is becoming one of Southeast Asia's fastest-growing destinations for global tech investment. Now, this expansion gives enterprises, AI-native companies and governments more compute locally and globally, wherever they need it, to turn that into a competitive advantage."

CRWV shares popped $42.22, or 6.5%, to $606.63.