Blue Owl, Chirisa, PowerHouse Propel $5B AI JV with $750M Investment


Blue Owl, Chirisa, PowerHouse Propel $5B AI JV with $750M Investment

📅 - Blue Owl Capital, Chirisa Technology Parks (CTP), and PowerHouse Data Centers have announced the next phase of their landmark $5 billion joint venture to develop high-performance AI and HPC (high-performance computing) data center infrastructure. The group completed $750M funding to expand next-gen facilities, supporting AI cloud growth for AI-native cloud firms like CoreWeave.

The partnership, formalized in August 2024, is designed to allocate up to $5 billion for AI-focused data center developments. The most recent capital injection will support the construction of 120 megawatts (MW) of new data center capacity at CTP's expansive 350-acre Chesterfield, Virginia campus. This initial [...][... Check source for end of article ...]
Tags: AI

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