📋 Tender Overview
Scope :
CoreWeave plans $1.6bn AI cloud data center in Plano, Texas. At an existing Lincoln Rackhouse data center.
GPU-focused cloud company CoreWeave plans to spend $1.6 billion on a data center in Plano, Texas.
The company will have to invest at least $800m a year for the next two years to be eligible for a tax rebate that was passed this week by the Plano City Council. In 2025 and 2026, 50 percent of the total minimum of $1.6bn spent on improvements will be returned to CoreWeave. The data center at 1000 Coit Road is publicly listed as being owned and operated by Lincoln Property Company's Lincoln Rackhouse, and has gone through several iterations.
CoreWeave for details on Lincoln Rackhouse's continued involvement in the facility, with the company's initial announcement making the project sound like a new-build. The 450,000 square foot (42,000 sqm) facility will help meet the unprecedented demand for high-performance cloud solutions for artificial intelligence, machine learning, pixel streaming, and other emerging technologies that CoreWeave is uniquely positioned to deliver.
