CoreWeave-Linked Data Center Raises $1.1 Billion in Bet on AI Compute

Odaily News: A data center developer backed by an affiliate of Blue Owl Capital has announced a $1.1 billion bond offering to bet on AI compute, funding a data center project on Digital Drive near Richmond, Virginia. The data center will have 76 megawatts of IT capacity and will be fully leased by CoreWeave under a 15-year, $2.94 billion contract. It is expected to become operational between 2027 and 2028. (Bloomberg)