CoreWeave Welcomes Texas Governor-Elect’s Support for Permitted Data Center Projects

CoreWeave $CRWV welcomed Texas Governor-elect Gina Hinojosa’s assurance that data center projects with existing permits can proceed to completion.
CEO Michael Intrator pledged to work with Hinojosa on long-term standards that protect residents. The company says it funds the substations and grid upgrades required by its facilities rather than shifting those costs to households. CoreWeave operates six Texas locations, including in Austin and Plano.
Despite the developments, $CRWV shares remain down 45% over the past three months.