CoreWeave Inc. (NASDAQ:CRWV) is one of the AI stocks on Wall Street’s radar.
On June 24, CoreWeave entered a co-location partnership with Conapto to expand its AI cloud capacity in Stockholm, Sweden
The agreement covers two data center campuses powered entirely by renewable energy, with the initial infrastructure already operational. This expansion aims to meet the growing demand from European AI labs and enterprises for HPC platforms capable of scaling modern, intensive AI workloads. The new deployment features advanced hardware, including NVIDIA Blackwell Architecture and Vera Rubin Platforms connected via NVIDIA Quantum-X800 InfiniBand.
By using Conapto’s sustainable infrastructure, which includes heat recovery for the local district heating network, CoreWeave provides European customers with the necessary compute power while maintaining strict environmental credentials. This move brings CoreWeave’s total number of European sites to eight. This partnership is part of CoreWeave Inc.’s (NASDAQ:CRWV) broader international growth strategy, supporting its position as a leading provider for foundation model developers.