CoreWeave expands AI cloud capacity in Stockholm through Conapto partnership with renewable energy

CoreWeave expands Stockholm data center capacity with Conapto By Investing.com

STOCKHOLM - CoreWeave, Inc. (NASDAQ:CRWV) announced a co-location agreement with Conapto to expand its data center capacity in Stockholm, according to a press release statement. The arrangement covers two campuses in Stockholm, with initial capacity already operational at Stockholm 4 South. Both facilities will be powered by renewable energy sources.The expansion comes as CoreWeave, with a market capitalization of $57.68 billion, continues aggressive growth despite its stock declining 8.24% over the past week to $102.12. The deployment will utilize NVIDIA Blackwell Architecture and NVIDIA Vera Rubin Platforms connected with NVIDIA Quantum-X800 InfiniBand. The expansion brings CoreWeave's total European sites to eight. "Sweden has been central to CoreWeave's European strategy since our first continental investment," said Sachin Jain, chief operating officer at CoreWeave. Håkan Björklund, CEO of Conapto, stated the company is committed to 100 percent renewable energy and heat recovery to Stockholm's district heating network. As of March 31, 2026, CoreWeave operates 49 data centers globally, with more than 1GW of active power and over 3.5GW of contracted power. The company posted revenue growth of 130% in the last twelve months, reaching $6.23 billion. According to InvestingPro analysis, the stock appears slightly undervalued at current levels, with additional insights available through comprehensive Pro Research Reports covering over 1,400 US equities. CoreWeave and Conapto will participate at the Tech Arena at Almedalen on June 25, 2026. Conapto operates four data centers with its headquarters in Stockholm. CoreWeave completed its public listing on Nasdaq in March 2025. In other recent news, CoreWeave, Inc. has completed a significant financial maneuver by privately offering $1.25 billion and €2 billion in senior notes due in 2032. The proceeds from this offering are intended for general corporate purposes, including debt repayment and covering related expenses. Additionally, CoreWeave has entered into a five-year, $335 million data storage agreement with Backblaze Inc., which will enhance CoreWeave's AI Object Storage capabilities. This collaboration will optimize data placement and support high-performance storage resources for AI workloads. CoreWeave has also become the official AI cloud partner of BattleBots, providing AI cloud platform access for developing and training robots for the 2027 Pro League season. Furthermore, CoreWeave achieved a milestone in the MLPerf Training v6.0 benchmark suite by completing DeepSeek-V3 model training in record time using NVIDIA GPUs. Cantor Fitzgerald has reiterated an Overweight rating on CoreWeave, highlighting the company's backlog and providing a price target of $167.00. These developments indicate CoreWeave's ongoing efforts to expand its technological capabilities and financial resources. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

CoreWeave Partners With Conapto for AI Cloud Capacity in Sweden

CoreWeave, Inc. is an American technology company founded in 2017, specializing in cloud infrastructure designed for compute-intensive workloads. It has positioned itself as a niche player in a market dominated by generalist giants. Its offering is built on a vertical specialization in artificial intelligence (AI) and related applications, notably high-performance computing (HPC) and graphical rendering. CoreWeave operates a GPU-first architecture, optimized for training and inference of generative AI models. It also targets scientific and financial computing, as well as real-time 3D rendering needs. With its own data centers located in the United States and Europe, the company maintains full control over its infrastructure. This control enables it to deliver high performance, low latency, and flexible deployment capabilities. Some facilities are shared among clients, while others are fully dedicated to a single customer. CoreWeave serves a diverse clientele, ranging from AI startups to research labs, as well as production studios and financial institutions. In addition to its hardware infrastructure, the company develops its own GPU management software. These tools enable intelligent resource allocation, continuous performance optimization, and better cost control. This vertical integration, from hardware to software, enhances the company's competitiveness. CoreWeave stands out through its tailored approach and its ability to meet clients' specific needs. It aims to become the leading provider for AI workloads on a global scale. In a context of surging demand for computing power, its model is appealing due to its specialization and agility.

Coreweave Announces Co-Location Agreement with Conapto to Deliver Ai Cloud Capacity in Sweden Powered by Renewable Energy

CoreWeave entered into a co-location agreement with Conapto, a provider of scalable, secure, and sustainable data centers. The arrangement encompasses two campuses in Stockholm, with initial capacity already online at Stockholm 4 South. Both campuses will be powered by renewable energy sources. The Stockholm deployment will provide AI innovators with access to CoreWeave's AI cloud platform, designed specifically for the demands of modern AI workloads. CoreWeave Cloud combines high-performance compute, networking, storage and software orchestration to help customers scale AI development and deployment. This capacity, powered by NVIDIA Blackwell Architecture and NVIDIA Vera Rubin Platforms connected with NVIDIA Quantum-X800 InfiniBand, further expands CoreWeave's European footprint, as demand from AI labs, enterprises, and developers building at scale across the continent continues to accelerate. As AI moves from experimentation to production, customers across Europe require high-performance infrastructure that is readily available, and can match the pace of their workloads. CoreWeave consistently delivers industry-leading infrastructure performance, demonstrated by record-breaking MLPerf benchmark results, its position as the only AI cloud to earn the top Platinum ranking in both SemiAnalysis ClusterMAX? 1.0 and 2.0, and its #1 ranking for inference speed and price-performance for Moonshot AI's Kimi K2.6 in independent inference benchmarking conducted by Artificial Analysis.