Data Center Capital Atlas Update: September 3, 2026

This data center capital atlas update records what changed in the North American Data Center Capital Atlas, SAVRN’s primary-sourced record of who is funding data center capacity in North America, in what structure, at which site, and how much of that capital has been stopped. The atlas is refreshed every Tuesday, Thursday, and Saturday, and each refresh publishes a note like this one recording exactly what changed.

Where the record stands

Announced capital across the tracked cohort is reported as disclosed and is never summed into a single deployment figure: site commitments overlap one another and overlap reported capital expenditure. Blocked-and-delayed totals from different trackers cover different windows and definitions and are shown side by side rather than added.

Capital at risk, added this period, newly verified from earlier periods

These entries were added in this cycle but their own dates fall before the current month. They are documentation catching up, not new activity.

• Pinson one-year moratorium on data centers, Pinson (AL). Jurisdiction-wide measure with no named project; no dollar or megawatt figure disclosed. The City Council approved a 12-month moratorium at its first meeting of August 2026, following a first reading on July 16. No data center had been proposed in Pinson; Mayor Hoyt Sanders said the pause gives the council time to research zoning and confirm that infrastructure costs would fall on applicants rather than homeowners. (Source)
• Tulare County 45-day data center moratorium, Tulare County (CA). Jurisdiction-wide measure with no named project; no dollar or megawatt figure disclosed. The county adopted a 45-day moratorium covering unincorporated areas while it considers longer-term rules; local organizers are pushing for a permanent ban. (Source)
• Washington County one-year moratorium on data center applications, Washington County (FL). Jurisdiction-wide measure with no named project; no dollar or megawatt figure disclosed. The Board of County Commissioners approved a one-year moratorium on accepting, processing, reviewing and approving applications for data centers and large-scale data processing facilities in unincorporated Washington County at its Aug. 20, 2026 meeting. The county will study impacts and update its Land Development Code and Comprehensive Plan. (Source)
• Cherokee County data center moratorium extended by 180 days, Cherokee County (GA). Jurisdiction-wide measure with no named project; no dollar or megawatt figure disclosed. The Board of Commissioners voted unanimously on Aug. 20, 2026 to add 180 days to the county’s data center moratorium, which began as a 30-day pause in July 2026 and now runs into February 2027. Commissioners said staff need the time to research and draft data center regulations. (Source)
• Savannah 155-day moratorium on large-scale data centers, Savannah (GA). Jurisdiction-wide measure with no named project; no dollar or megawatt figure disclosed. The City Council voted unanimously on Aug. 27, 2026 to pause new development or conversion activity for large-scale data centers inside city limits for 155 days. The ordinance covers facilities with electrical capacity of 10 MW or greater and industrial buildings of 200,000 square feet or more being built or converted for data center use. Staff are to study grid, water, wastewater, stormwater and road impacts along with zoning and noise rules. (Source)
• Louisville-Jefferson County Metro six-month moratorium on new data centers, Louisville-Jefferson County Metro (KY). Jurisdiction-wide measure with no named project; no dollar or megawatt figure disclosed. Metro Council voted 24-1 on Aug. 13, 2026 to bar planners from approving new data center proposals for six months or until comprehensive zoning rules are adopted; amended on the floor to also cover conversions of existing buildings. (Source)
• Nicholasville six-month data center moratorium, Nicholasville (KY). Jurisdiction-wide measure with no named project; no dollar or megawatt figure disclosed. The city commission passed a six-month moratorium on data centers on Aug. 10, 2026, citing utility cost, property tax and water-consumption concerns in the surrounding farming community. (Source)
• Kalamazoo one-year data center moratorium, Kalamazoo (MI). Jurisdiction-wide measure with no named project; no dollar or megawatt figure disclosed. The City Commission approved a resolution pausing data center development for one year. Some residents pressed for a permanent ban instead. (Source)
• Ypsilanti Township 180-day moratorium on major electric utility infrastructure, Ypsilanti Township (MI). Jurisdiction-wide measure with no named project; no dollar or megawatt figure disclosed. The Board of Trustees voted unanimously on Aug. 18, 2026 for a six-month moratorium on major electric utility infrastructure serving high-energy-demand uses, expressly including hyperscale and mid-sized data centers and AI computing facilities. The township, which had already paused water service for data centers, is seeking to slow a proposed University of Michigan and Los Alamos computing project and an associated 110 MW DTE substation. (Source)
• Town of Waxhaw 12-month data center moratorium, Town of Waxhaw (NC). Jurisdiction-wide measure with no named project; no dollar or megawatt figure disclosed. The Board of Commissioners voted unanimously on Aug. 11, 2026 for a 12-month halt on accepting, processing or approving applications for data centers, crypto-mining facilities and related digital infrastructure. No project had been proposed. (Source)
• East Brunswick ordinance banning data centers, East Brunswick (NJ). Jurisdiction-wide measure with no named project; no dollar or megawatt figure disclosed. The Township Council unanimously adopted an ordinance prohibiting data centers on Aug. 25, 2026, after a clerical correction changing ‘primary use’ to ‘principal use’ to match the land use code. East Brunswick acted the same night as North Brunswick and Stafford Township. (Source)
• Jersey City municipal ban on data centers, Jersey City (NJ). Jurisdiction-wide measure with no named project; no dollar or megawatt figure disclosed. Listed among the New Jersey municipalities that have adopted data center bans in a Climate Revolution Action Network New Jersey compilation reported by Patch in August 2026. The individual ordinance date and vote were not independently confirmed for this entry. (Source)
• North Brunswick ordinance banning data centers, North Brunswick (NJ). Jurisdiction-wide measure with no named project; no dollar or megawatt figure disclosed. The Township Council adopted an ordinance prohibiting data centers on Aug. 25, 2026, the same night East Brunswick and Stafford Township adopted their own bans. The three became the 35th, 36th and 37th New Jersey municipalities to ban the use. (Source)
• Stafford Township ordinance banning data centers, Stafford Township (NJ). Jurisdiction-wide measure with no named project; no dollar or megawatt figure disclosed. The Township Council unanimously adopted Ordinance No. 2026-22 on Aug. 25, 2026, adding data centers to the Additional Prohibited Uses section of the township code and barring them anywhere in Stafford. The ordinance defines a data center as a facility used to store and manage digital data. (Source)
• Town of Mohawk six-month moratorium on data center permitting, Town of Mohawk (NY). Jurisdiction-wide measure with no named project; no dollar or megawatt figure disclosed. The Town Board adopted a local law imposing a six-month moratorium on permitting or installing data centers, running through Feb. 13, 2027, while officials draft zoning laws. Town officials acted after concluding the state’s hyperscale threshold of 50 MW did not reach the scale of project they were concerned about. (Source)
• Cherokee Nation (tribal and trust lands) ban on hyperscale data centers, Cherokee Nation (tribal and trust lands) (OK). Jurisdiction-wide measure with no named project; no dollar or megawatt figure disclosed. Principal Chief Chuck Hoskin Jr. announced on Aug. 10, 2026 that the Cherokee Nation will not permit hyperscale data centers on tribally owned or trust lands, and will not consider reservation projects without tribal consultation. A task force survey found 64% of ~1,600 citizens opposed. (Source)
• Gregg Township (Union County) 180-day moratorium on data center applications, Gregg Township (Union County) (PA). Jurisdiction-wide measure with no named project; no dollar or megawatt figure disclosed. Supervisors adopted Resolution 2026-03 at a special meeting on Aug. 20, 2026, barring the acceptance, processing and approval of new data center or ‘technical development’ applications for a period not to exceed 180 days or until the board terminates it. The pending PNK Group application is excluded and continues to be processed separately. (Source)
• Anderson County six-month data center moratorium, Anderson County (SC). Jurisdiction-wide measure with no named project; no dollar or megawatt figure disclosed. County Council passed the third and final reading of a six-month data center moratorium on Aug. 20, 2026. (Source)
• Spokane County four-month data center moratorium, Spokane County (WA). Jurisdiction-wide measure with no named project; no dollar or megawatt figure disclosed. The Board of County Commissioners approved a four-month moratorium unanimously on Aug. 19, 2026, replacing an earlier nine-month proposal that had split the board 3-2, to give staff time to draft zoning rules. (Source)

Sites added this period

• Cosmos Technology Campus (Austin, TX). $999M, 50 MW, construction. SB Energy’s first data center campus, in Travis County, Texas, disclosed in the Form S-1 registration statement filed 1 September 2026. Cosmos and the Milam County data center are the company’s two projects under construction; no SB Energy data center capacity is in operation. SoftBank is both a strategic investor and the tenant at Cosmos. (SEC Form S-1 (SB Energy, Inc.))
• Borden County campus (pipeline) (Borden County, TX). announced. Named in SB Energy’s Form S-1 filed 1 September 2026 as part of the near-term data center pipeline, where the company has secured land and is actively pursuing development and lease negotiations. Neither county site is currently included in the Data Center Contracted Portfolio or in the backlog calculation. (SEC Form S-1 (SB Energy, Inc.))
• Scurry County campus (pipeline) (Scurry County, TX). announced. Named in SB Energy’s Form S-1 filed 1 September 2026 as part of the near-term data center pipeline, where the company has secured land and is actively pursuing development and lease negotiations. Neither county site is currently included in the Data Center Contracted Portfolio or in the backlog calculation. (SEC Form S-1 (SB Energy, Inc.))

Financing transactions added this period

• SB Energy, Inc., SoftBank, OpenAI and NVIDIA. equity raise, Offering size and price range are left blank in the registration statement as filed, so no dollar figure is recorded. SB Energy, Inc. filed a Form S-1 registration statement for an initial public offering of Class A common stock on 1 September 2026. The filing discloses a Data Center Contracted Portfolio of 8.8 GW-IT, comprising 0.8 GW-IT under construction (the Cosmos Technology Campus and Milam County Buildings 1 and 2) and 8.0 GW-IT contracted but not under construction (the PORTS-Pike Technology Campus), against 5.5 GWac of power that is operating, under construction or contracted, of which approximately 2.2 GWac of solar and battery storage was in service at 30 June 2026. No data center capacity is in operation. The company reports approximately $439 billion of backlog ($430 billion data center segment, $10 billion power segment) and approximately $178 billion of backlog-associated capex ($174 billion data center, $4 billion power), and states that approximately $357 billion of the backlog is expected to be recognized beyond 96 months. SoftBank and OpenAI are strategic investors and customers; NVIDIA is a strategic investor and residual value guarantor at PORTS-Pike and is expected to become a holder of Class N common stock in connection with the offering, subject to closing of a concurrent private placement and settlement of a prepaid forward contract. Underwriters named on the cover include J.P. Morgan, Goldman Sachs & Co. LLC, Morgan Stanley, Citigroup and Mizuho. The registration statement records total revenue of $138.7 million and a net loss attributable to SB Energy, Inc. of $3,208.9 million for the six months ended 30 June 2026. (SEC Form S-1 (SB Energy, Inc.))
• SB Energy and SoftBank. senior notes, $999.0 million aggregate principal amount of 8.875% senior secured notes due 2031. SB Energy issued $999.0 million aggregate principal amount of 8.875% senior secured notes due 2031 in May 2026 to finance the Cosmos Technology Campus in Travis County, Texas, a facility of approximately 50 MW of critical IT capacity. One of the company’s parent entities provided a completion guaranty for the benefit of the noteholders and the tenant. The campus is leased for a 15-year initial term to an affiliate of SoftBank on a triple-net basis with 100% operating expense pass-through and rent set as a percentage return on total project cost with annual escalators and limited tenant termination rights; expected aggregate rent over the initial term is approximately $2.5 billion. (SEC Form S-1 (SB Energy, Inc.))
• Google and Fervo Energy. ppa, No pricing, contract value or financial terms were disclosed. Fervo Energy and Google signed a 396 MW power purchase agreement for the Cape Station enhanced geothermal project in Utah, announced 1 September 2026 and reported by Fervo as the largest enhanced geothermal power purchase agreement signed to date. Google will purchase carbon-free energy described as a foundational building block for a potential data center in Utah; the facility is not named or located in the release. The agreement carries an option for Google to expand offtake by approximately 600 MW, for a total of nearly 1 GW, by June 2030. Cape Station is expected to come online in 2028. (Fervo Energy)
• Corvex, Inc., Goldman Sachs & Co. LLC, Morgan Stanley and Oppenheimer & Co.. equity raise, Approximately $33 million of gross proceeds before fees and expenses. Corvex, Inc. (Nasdaq: MOVE) announced a private placement of common stock and Series D Preferred Stock generating approximately $33 million of gross proceeds, with Goldman Sachs & Co. LLC, Morgan Stanley and Oppenheimer & Co. as joint lead placement agents and 4.258 million as-converted common restricted shares priced at $7.75. Proceeds fund an expansion of critical IT power capacity from approximately 1.5 MW to approximately 8 MW by year-end 2026, across a doubling at an existing Mid-Atlantic data center and a new deployment at an existing enterprise-scale Midwest data center, supporting approximately 3,000 GPUs. Corvex holds a right of first refusal on a further 12.5 MW at the Midwest site, anticipated ready for service in the third quarter of 2027, which if exercised would take total critical IT capacity above 20 MW. Neither data center is named or located beyond region. The company stated the transaction would take pro forma cash and cash equivalents to approximately $55 million against $22 million reported at 30 June 2026. (SEC Form 8-K EX-99.1 (Corvex, Inc.))

Financing transactions added this period, newly verified from earlier periods

These entries were added in this cycle but their own dates fall before the current month. They are documentation catching up, not new activity.

• IREN, Blue Owl and Pacific Investment Management Company LLC. debt facility, $2.8 billion of new GPU financings supporting non-investment-grade customer deployments, including a $2.4 billion financing led by Blue Owl and Pacific Investment Management Company LLC, as adviser to certain investors, at a 9.0% fixed rate. The $3.6 billion investment-grade GPU financing for the Microsoft contract at 6.0% is a separate facility and is not included in the $2.8 billion figure.. In its FY26 results release of 27 August 2026, IREN disclosed $2.8 billion of new GPU financings funding 90% of associated GPU capex for non-investment-grade customer deployments. The disclosed component is a $2.4 billion financing led by Blue Owl and Pacific Investment Management Company LLC at a 9.0% fixed rate for the Mackenzie air-cooled expansion in British Columbia; together with customer prepayments it provides funding in excess of GPU capex. Separately, a $3.6 billion investment-grade GPU financing at 6.0% supports the Microsoft contract and, with prepayments, funds 96% of associated GPU capex. (SEC EX-99.1 (IREN FY26 results))
• IREN and Undisclosed frontier AI lab. other, No contract value, term length or megawatt figure was disclosed, and the counterparty is not named. IREN disclosed a new multi-year AI Cloud contract with a leading frontier AI lab in its FY26 results release of 27 August 2026, alongside signings with Cohere, Prometheus, Perplexity, Figure AI, Fal AI and Higgsfield AI. The company reported $4 billion of contracted annualized run-rate revenue for 2026 capacity against $1 billion of operating ARR as at 26 August 2026, and described 2026 capacity as largely sold out. It also disclosed that recent three-year contracts were signed at more than $20 million of revenue per MW of IT capacity, representing an approximately two-year payback, with active discussions at approximately $25 million per MW, and that recent customer prepayments represent 45-55% of GPU capex. (SEC EX-99.1 (IREN FY26 results))

Site status changes

• Milam County Data Center (Stargate site). announced, now construction.

How to read this

Every figure in the atlas links to the page that states it. Where a value could not be confirmed from a fetched source, the entry reads n.a. rather than an estimate, and roughly two-thirds of the capital-at-risk rows carry either a dollar figure or a megawatt figure but not both, because local rezoning dockets disclose acreage and square footage while investment figures come from economic-development announcements that a withdrawn project never makes. The dollar total of the rows that do disclose a figure is therefore a floor, not a census.

The atlas sits alongside two companion references: the Nationwide Data Center Delay Watchlist, which tracks project-level slippage, queues, and securities filings, and the U.S. Data Center Moratorium Tracker, which maps state and local policy measures. All citations behind this atlas are listed on one page.