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CoreWeave’s first Asian data centres are two years out — and it won’t own the buildings

CoreWeave will lease three Greater Jakarta data centres, and SoftBank's telecom arm signed a memorandum with two partners. Neither plan will process anything before 2028, and in both, the compute and the concrete belong to different companies.

Illustration of linked server racks forming one computing cluster

CoreWeave said on 4 August it will take three data centre facilities in Greater Jakarta, its first in the Asia-Pacific, carrying a combined 360 megawatts of what the company calls contracted IT power. The sites are expected online in 2028. CoreWeave told Bloomberg the project will run to billions of dollars but that it could not give a specific figure, and its announcement named no locations, no financing structure and no committed customer. The facilities will target labs, startups and enterprises in Southeast Asia — and, the company told Bloomberg, global customers as well.

What it did clarify is the structure. A CoreWeave spokesperson told Data Center Knowledge that the company will lease the three facilities from a colocation provider it declined to identify, will own and operate only the compute environment inside them, and that the 360MW figure is the combined critical IT load across the three sites. Data Center Dynamics has reported the same arrangement in Texas, where CoreWeave leases capacity in an EdgeConneX facility.

CoreWeave’s arrangement — compute in someone else’s building — is one of several ways the layers of an AI deployment are being split apart across the region. China’s Runjian keeps the token factory in Nanning and ships inference across the border; NTC × Data Vault has the Pakistani government buying the GPUs outright.

For scale: in its H1 2026 Asia Pacific update, Cushman & Wakefield put Jakarta’s total development pipeline at 1,699MW, with under-construction capacity more than doubling in six months to 395MW.

Three days earlier, a second plan. SB Telecom Singapore, a wholly owned subsidiary of SoftBank Corp, said it had signed a memorandum of understanding with SC Zeus Data Centers Pte Ltd and Malaysia’s Robust HPC Group, effective 1 August, covering AI data centre development in Malaysia, Thailand, Indonesia and Vietnam. According to that statement, SC Zeus sources land and builds and operates the facilities, Robust HPC Group procures and manages the GPU clusters, and SB Telecom handles data-hall fit-out, ICT integration and connectivity. The parties disclosed no value, no site, no capacity figure and no timeline, and Data Center Dynamics noted that an MoU of this kind is preliminary and non-binding.

SC Zeus Data Centers, the platform SC Capital Partners established for the sector, lists no operating facility in its public portfolio. Its Seoul project, a 45MW build costed at around US$500m when announced, and its Osaka facility, which SC Capital said broke ground in December 2025 for a 2028 start, are both still under construction.

CoreWeave reports second-quarter results on 11 August. Whether the Indonesian lease turns up there as an obligation, and on what terms, is the first externally checkable fact about any of this.

Published 6 August 2026 · Last updated 7 August 2026 · Corrections to corrections@southwardtech.com

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