CoreWeave CEO Expects No Election Impact on Data Centers Serving Its Backlog

CoreWeave CEO Michael Intrator said he expects election-related regulatory changes to leave data centers serving the company’s backlog unaffected, citing their permitting and construction status.

Intrator made the remarks during CoreWeave’s third-quarter earnings call on Nov. 11. He said he did not anticipate an impact from the regulatory shift and was comfortable with the company’s pipeline, referring to the facilities where its backlog would be served.

Intrator said some ongoing projects were already permitted. He also said CoreWeave had more than 1.3 GW of capacity established outside the United States.

Election results had heightened concerns about data center expansion and weighed on U.S. compute-cloud shares, including in a prior midterm-driven sell-off.

CoreWeave has also sought cooperation with Texas Gov.-elect Gina Hinojosa on permitted projects and future development standards in a separate outreach effort.