Catenaa, Tuesday, August 04, 2026- AI cloud company CoreWeave is entering the rapidly growing Asian market with its first data centers in the region.
The US-based company is planning three new data centers in Indonesia with a total of 360 megawatts of capacity, it said in a statement.
They are expected to come online in 2028, CoreWeave said, adding that it will spend billions of dollars on the project but couldn’t provide a specific estimate.
CoreWeave stock rose over 6% on Tuesday following the statement; the stock is up by over 27% so far this year.
CoreWeave operates 49 data centers across North America and Europe that serve customers including OpenAI, Meta Platforms and Microsoft.
The company, which went public in one of the biggest stock offerings of 2025, said it has more than one gigawatt of power actively in use and an additional 3.5 gigawatts under contract.
It’s trying to add to its data centers to serve a market eager for more access to Nvidia’s AI chips and also sell more profitable software and services to its clients.
CoreWeave is largely sold out of AI capacity for this year, and the company is spending rapidly and securing financing packages to get new data centers up and running. It’s also targeting a wider array of customers beyond its traditional technology company clients.
The Indonesian data centers will target labs, startups and enterprise customers in Southeast Asia, as well as global customers.
Indonesia is emerging as a key hub in the AI buildout, propelled by a wave of cloud adoption, tightening data-localization requirements and billions of dollars in investment from US technology giants such as Amazon and Microsoft.
The country’s data center market is projected to more than double to $6.08 billion by 2031, according to Research and Markets data.
In 2021, Amazon committed $5 billion to AI and cloud infrastructure in Indonesia, while Microsoft plans to invest $1.7 billion by 2028, a move expected to generate tens of thousands of jobs and deepen the country’s role in the regional digital economy.
CoreWeave said a local team will run its new data centers, which will boost the domestic industry.
