US’s artificial intelligence firm CoreWeave, Inc. announced Tuesday its expansion into Indonesia, the company’s first data center presence in the Asia-Pacific region.
The expansion adds three new facilities totaling 360 megawatts of contracted information technology (IT) power, expected to come online in 2028, the firm said in a statement.
CoreWeave will own and operate the compute environment across all three sites, bringing its full AI cloud platform to labs, startups and enterprise customers deploying workloads in Southeast Asia.
According to the statement, demand for AI cloud services is accelerating well beyond CoreWeave’s existing U.S. and European markets.
Across Asia, enterprises, AI-native companies, and governments increasingly need AI compute located close to their data and users, driven by both latency-sensitive workloads and data locality requirements.
CoreWeave’s move into Indonesia reflects this shift, extending the company’s ability to serve AI pioneers in the Asia-Pacific region.
“CoreWeave goes where we can bring AI pioneers the capacity, performance, and reliability they need to build and scale their ideas,” said Sachin Jain, chief operating officer, CoreWeave.
“Indonesia is investing heavily in AI education and digital capacity, and it’s paying off – the country is becoming one of Southeast Asia’s fastest-growing destinations for global tech investment,
“Now, this expansion gives enterprises, AI-native companies and governments more compute locally and globally, wherever they need it, to turn that into a competitive advantage,” he added.
The investment also supports Indonesia’s national priorities to strengthen its digital infrastructure, expand domestic AI capability, and position the country as a leading regional digital economy.
In addition to the physical buildout, CoreWeave plans to build and train an on-the-ground team in Indonesia to operate the new facilities, supporting local technical talent development as part of the expansion.
The Indonesia facilities add to the firm’s rapidly growing global infrastructure footprint. As of March 31, 2026, CoreWeave operated 49 data centers globally, with more than 1GW of active power and over 3.5GW of contracted power supporting AI workloads at scale.
Meanwhile, Moody’s Ratings said in a note that this announcement represents CoreWeave’s first expansion beyond its existing US and European footprint and should support greater geographic diversification and a broader addressable market by positioning the company closer to enterprise, sovereign, and AI- native customers in Southeast Asia.
“While the company has no prior operating history in the region, Indonesia is generally viewed as a relatively stable market and an important strategic partner of the United States in Southeast Asia,
“As a result, CoreWeave’s entry into Indonesia presents lower sovereign, geopolitical, and regulatory risks than expansion into some higher-risk jurisdictions, although operating in a new market nonetheless introduces execution and regulatory compliance risks,” said the rating agency.
Moody’s also said the announced capacity is relatively modest compared with CoreWeave’s existing platform, representing approximately 10 percent of the company’s more than 3.5 gigawatts of contracted power as of March 31.
In addition, owning and operating all three facilities increases CoreWeave’s exposure to development, operating, and execution risks associated with entering a new geographic market and adds to the company’s already substantial multi-year capital investment requirements, it added.
While the announcement did not disclose any anchor customer commitments, project costs, or financing arrangements, Moody’s said historically, CoreWeave’s growth strategy has been supported by significant contracted demand and customer-backed infrastructure deployments.
To the extent the Indonesian capacity is developed ahead of customer commitments, the project could introduce incremental utilization, execution, and lease-up risk relative to the company’s historical operating model.
“Over the longer term, the expansion could have positive credit implications if CoreWeave successfully establishes and scales its presence in the APAC region, secures meaningful customer demand, and generates attractive returns on invested capital,
“Successful execution would further diversify the company’s revenue base, strengthen its business profile, and reduce its dependence on demand from the US and Europe,” Moody’s concluded.
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