Data Center Capital Atlas Update: September 12, 2026
98 capital providers, 197 named sites, 307 financing transactions and 196 blocked or delayed projects, each linked to its source.
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
| Measure | Previous | Current | Change |
|---|---|---|---|
| Capital providers | 97 | 98 | up 1 |
| Named sites | 193 | 197 | up 4 |
| Financing transactions | 298 | 307 | up 9 |
| Blocked or delayed projects | 181 | 196 | up 15 |
| Source citations | 2,361 | 2,424 | up 63 |
| States with a blocked or delayed project | 43 | 44 | up 1 |
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
- Clinton Township data center campus, Clinton Township (PA). 682 acres, 20 buildings of approximately 118,000 sq ft each, with generator yards at each building, two customer substations, two natural gas generation facilities and a water treatment facility, off Route 247 and Flat Rock Road. No megawatt or dollar figure disclosed.. Clinton Township supervisors voted unanimously to reject Linde Corporation’s preliminary land development plan after roughly six months of review, reported 10 September 2026. A township engineer concluded the plan was not environmentally sound, and the board chairman said the application was incomplete. The township planning commission had accepted the resubmitted application in early July 2026, starting a 90-day review period that ran to 28 September 2026. Attorneys were to meet the developer within 15 days to review the deficiencies, leaving open the possibility of a revised submission. A township supervisor resigned in July 2026 after residents questioned ties to the developer. (WNEP)
- Former Hynix site data center, City of Eugene (OR). No square footage, megawatt figure or dollar figure disclosed.. The City of Eugene planning department determined in a letter dated 8 September 2026 that the data center described by the prospective buyer of the former Hynix plant is prohibited in the site’s E-1 Campus Employment zone, reasoning that data centers are almost self-operating with little human presence at the site. The buyer’s attorney had argued the use qualified under information technology services permitted in E-1. A city planner stated the decision can be appealed to the Oregon Land Use Board of Appeals, which could uphold it, seek more information or overturn it. (KVAL)
- Levy County data center moratorium (Ordinance 2026-05), Levy County (FL). Applies to facilities with anticipated monthly peak electric demand of at least 50 MW. No dollar figure disclosed.. The Levy County Commission adopted Ordinance 2026-05 on 8 September 2026, a temporary moratorium on data centers, large-scale data centers and large load customer facilities in unincorporated areas, defined as facilities with anticipated monthly peak electric demand of at least 50 MW. The moratorium halts processing of new submissions and of pending applications not yet deemed complete, and runs from 1 October 2026 through 30 September 2027, taking effect on the later of 1 October or filing with the Florida Department of State. Exemptions cover ordinary server rooms supporting other uses, public telecommunications infrastructure, certain government facilities and previously approved projects. Commissioners directed staff to prepare the ordinance on 30 June 2026, citing electricity, water and infrastructure demands and impacts on the Floridan Aquifer. (Chronicle Online / Levy County Citizen)
- Springhill Township application bar and data center ordinances, Springhill Township (PA). Nadara holds a right-to-purchase agreement with the Fay-Penn Economic Council for 800 acres near Gans. No megawatt or dollar figure disclosed.. Springhill Township supervisors approved a resolution on 4 September 2026 prohibiting anyone from applying for a data center or power plant in the township until the next meeting, and tabled two ordinances regulating data centers and fossil fuel power plants to satisfy state notice requirements. The final vote was scheduled for 17 September 2026. As drafted, the ordinances would treat data centers and accompanying power plants as conditional uses in the heavy and light industrial districts, require data centers to sit 200 feet from property lines and 400 feet from occupied homes and power plants 500 feet and 1,500 feet respectively, and cap noise at 55 decibels by day and 45 at night measured at the nearest property line. The township began drafting the ordinances after being approached by Nadara. (Herald-Standard)
- Former Emerson campus technology hub and data center, City of Ferguson (MO). 217-acre former Emerson Electric campus; reported as a $1.8 billion technology hub and data center development, with a $1.5 billion tax incentive package and industrial revenue bonds of up to $22 billion. No megawatt figure disclosed.. The Ferguson City Council rejected the tax incentive package in May 2026 on a 3-3 vote with one abstention. On 10 September 2026 council members Nick Kasoff and LaMika Covington introduced legislation reviving it, with a final vote expected later in September 2026. The revived plan keeps a 75 percent abatement for the first ten years and adds a $7.5 million commitment to the Ferguson Neighborhood Improvement Program over ten years, $250,000 for an environmental mitigation fund and $700,000 for community impact mitigation and emergency services. Opposition continued from residents, the St. Louis County NAACP and the Ferguson-Florissant School District; the mayor said he would vote against the plan. (St. Louis Public Radio)
- Burgin hyperscale campus annexation, City of Burgin (KY). More than 1,000 acres. No megawatt or dollar figure disclosed.. Burgin’s earlier attempt to annex more than 1,000 acres for a Panattoni Data Centers hyperscale campus was declared null and void. The city restarted the process in September 2026 with adjusted boundary lines, and the city council was scheduled to vote at a special meeting on 8 September 2026 to begin drafting a new annexation ordinance for the revised land. Residents opposing the project called for basic protections and third-party expertise during the drafting. (WKYT)
- Escambia County large-scale data center ban, Escambia County (FL). Applies to unincorporated Escambia County outside the City of Pensacola and the Town of Century. No dollar figure disclosed.. The Escambia County Commission approved an ordinance on 7 August 2026 banning large-scale data centers in the unincorporated areas of the county outside the City of Pensacola and the Town of Century, with small data centers permitted as an accessory use at institutions such as Navy Federal, the University of West Florida and hospitals. The county attorney noted the ordinance was acceptable but not required because the Land Development Code already did not include data centers as a permitted use. In September 2026 the commission considered advertising hearings for a further 12-month moratorium covering facilities with anticipated monthly peak load of at least 10 MW but less than 50 MW, then took no action, saying the existing ban already applies. (NorthEscambia.com)
- Oregon pause on state land for data centers, State of Oregon (OR). Applies to all state agencies and all state-owned property. No dollar figure or megawatt figure attaches to the action itself.. Governor Tina Kotek directed all state agencies on 8 September 2026 to immediately pause unapproved requests for state-owned property for data center projects. The pause covers easements, rights-of-way, leases, rentals, land-use permits and sales or transfers of state property, and runs through 1 July 2027 unless the Governor’s Office or the Legislature directs otherwise by statewide action. The stated purpose is to allow a coordinated statewide evaluation of large-scale data center development covering infrastructure capacity, environmental sustainability, water use, job creation and long-term community effects. Kotek announced the pause at a Capitol rally where demonstrators sought a three-year statewide pause; she said she supports a moratorium until data center development is done on the state’s terms but stopped short of endorsing the length and breadth the demonstrators sought. The directive reaches state land only and does not bind private-land siting decisions. (KTVZ)
- Woodford County permanent data center ban, Woodford County (KY). County-wide permanent prohibition. No dollar figure or megawatt figure disclosed.. The Woodford County Fiscal Court passed an ordinance unanimously on Tuesday 8 September 2026, reported 10 September 2026, permanently banning construction of landfills, data centers and large battery storage systems within the county. It is the first Kentucky county to adopt a permanent ban rather than a temporary moratorium. Judge-Executive James Kay said no developer had pitched a specific data center proposal in the county but that developers were looking everywhere, and cited the divisive debate over the proposed hyperscale campus in Burgin, Mercer County, as the reason for choosing a permanent ban. The measure follows a years-long effort to preserve farmland, including Thoroughbred horse farms. (LINK nky)
- Chatham County large-scale data center moratorium, Chatham County (GA). Applies to data centers of 10 MW or larger and to conversion of warehouses and industrial space for data center use. No dollar figure disclosed.. Chatham County commissioners enacted a 155-day moratorium on 11 September 2026 covering data centers of 10 MW or larger and the conversion of warehouse and industrial space to data center use in unincorporated parts of the county. It expires 16 February 2027 and may be extended by up to 60 further days. The county will conduct a study during the moratorium to set conditions for future development. Commissioner Dean Kicklighter, who proposed the measure, said the county has nothing addressing the relationship between residential areas and this scale of commercial development and needs to look at electricity and water usage. (The Current GA)
- Trumbull two-year data center moratorium, Town of Trumbull (CT). Applies to all new data centers town-wide and explicitly excludes the existing $200 million modernization of the former Nasdaq data center at 80 Merritt Boulevard by 365 Data Centers.. The Trumbull Town Council approved a two-year moratorium on new data centers unanimously by voice vote on 11 September 2026, effective immediately. The resolution reaches only newly built data centers and expressly does not apply to work under way at Trumbull Corporate Park on Merritt Boulevard, where 365 Data Centers of Norwalk is carrying out a $200 million modernization of the former Nasdaq facility at 80 Merritt Boulevard under a 15-year tenant commitment. Residents had expected the measure to halt that project, which they regard as an AI-ready pipeline rather than a modernization, and that gap between expectation and effect became the central controversy. The record here is that the moratorium did not stop the capital already committed in the town. (Westfair Communications)
- Clearfield 180-day data center moratorium, City of Clearfield (UT). City-wide, adopted with no data center project proposed in the city. No dollar figure or megawatt figure disclosed.. The Clearfield City Council voted 4-0 on 8 September 2026 to freeze all data center development in the city for 180 days, although no such project had been proposed there. City staff proposed the moratorium to study land use and infrastructure questions before a developer applies; the city’s code does not currently define a data center. Mayor Mark Shepherd pointed to the grandiose scale of the Stratos campus taking shape in Box Elder County during the discussion. Logan adopted a 180-day moratorium on data center and power plant development on 30 June 2026 and Iron County commissioners passed one on 26 May 2026. (Standard-Examiner)
- Global AI Windsor data center (Weld County), Weld County (CO). Approximately 41 acres on part of the former Carestream Health and Eastman Kodak campus. No megawatt figure or dollar figure disclosed; reported as what could become Colorado’s largest data center, on a basis the reporting does not state.. The Weld County Board of Commissioners voted 5-0 on Wednesday 9 September 2026, after an eight-hour hearing and hours of objections, to approve the zoning permit for Global AI’s data center on roughly 41 acres of the former Carestream Health site in unincorporated Weld County near Windsor. Commissioners attached conditions requiring a closed-loop cooling system, noise limited to established ambient levels with continuous monitoring, and a decommissioning plan and bond within six months. The proposal had faced sustained community opposition over noise, power and transparency. This entry records an approval reached over opposition rather than a block, and is carried in this table so the record shows both directions. (Rocky Mountain Voice)
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.
- La Osa Energy Center, Pinal County (AZ). 3,300 acres, 11 data center buildings and a 500 MW natural gas plant with battery storage; 1 GW of total energy demand capacity. No capital figure disclosed.. The Pinal County Board of Supervisors rejected the rezoning 4-1 on 26 August 2026. Vermaland had cut the project to roughly 80 percent of an earlier proposal of 59 data center buildings and 3 GW of energy demand, moved buildings several miles from neighbors, offered 22 additional development conditions between May and August 2026, and proposed a 600 acre-foot cap on fresh water, roughly 200 million gallons, with potential offset through effluent purchases from the Central Arizona Irrigation and Drainage District. Supervisor Jeff Serdy said he voted the will of the residents. Neighbors raised aquifer depletion, air quality, noise, wildlife and property value concerns and questioned whether power could be sourced reliably from more than 100 miles away. (KJZZ)
- Box Elder County data center moratorium (Stratos exempt), Box Elder County (UT). 180-day pause on new data center development. The Stratos project, which involves a data center and up to 9 GW of power generating capacity, was already approved and is exempt.. Box Elder County commissioners approved a 180-day halt on new data center development on 10 June 2026 to study guidelines and address concerns raised by the Stratos controversy. The county stated the ordinance does not permanently prohibit data centers but establishes a temporary planning period for research, analysis, public participation and policy development. The Stratos project, described as a data center with up to 9 gigawatts of power generating capacity and already approved, is exempt from the moratorium. The Military Installation Development Authority approved the Stratos project area in April 2026 and the project area was later reduced. The record here is that the county’s pause did not reach the capacity already entitled. (KSL)
Sites added this period
- Cameron County AI data center campus (Rio Hondo, TX). $4.0B, construction. Fluidstack received a site work permit on 10 September 2026 for a campus of more than 1,100 acres in unincorporated Cameron County, roughly four miles southwest of Rio Hondo, east of FM 509 and west of FM 106. Phase one is budgeted at $4 billion and targeted for completion in mid-2028, with more than 2,500 construction jobs expected. Water is supplied by the East Rio Hondo Water Supply Corporation at approximately 50,000 gallons a day during construction, falling to around 7,000 gallons a day in operation. (Construction Review)
Sites 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.
- HyperGrid campus, Amarillo (Amarillo, TX). $1.5B, 1500 MW, construction. Fermi Inc. is building the HyperGrid campus on land leased from the Texas Tech University System in the Texas Panhandle. The company reports approximately 8,400 acres secured or under long-term lease, 11.3 miles of perimeter fencing, 4.6 miles of on-campus gas pipeline and 7.2 miles of water line, with 300,000 MMBtu per day of firm gas and up to 18.5 MGD of water supply. Its first tenant lease, with TensorWave, covers 222 MW of total facility power over 15 years for approximately $6.5 billion of contracted revenue, entered 9 August 2026 and announced 11 August 2026. (SEC Form 10-Q (Fermi Inc., Q2 2026))
- Highridge Business Park AI factory (Butler Township, PA). 1200 MW, announced. Nebius is developing an approximately 600-acre AI factory at the Highridge Business Park in Butler Township, Schuylkill County, at the intersection of Interstate 81 and Gordon Mountain Road. It is the company’s second gigawatt-scale United States campus alongside Independence, Missouri. Nebius states power is secured and paid for entirely by the company under a dedicated Energy Service Agreement with PPL Electric Utilities. (Nebius)
- Independence AI factory campus (Independence, MO). construction. Nebius broke ground on 12 May 2026 on a multi-building AI factory across approximately 400 acres in eastern Independence, Jackson County, Missouri, described by the company as its first gigawatt-scale digital infrastructure project in the United States. Nebius projects approximately 1,200 construction jobs and 130 permanent positions, and committed to a workforce development agreement with Metropolitan Community College and a donation to eliminate school meal debt in the Independence and Fort Osage school districts. (Nebius)
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.
- Fermi Inc.. equity raise, Proceeds from share issuance upon initial public offering, net of underwriting discounts and commissions, of $745,631 thousand. Fermi Inc. listed on Nasdaq under FRMI. The FY2025 shareholder letter records net IPO proceeds of $745.6 million as part of approximately $1.8 billion of capital assembled in the period. (SEC Form 8-K exhibit: FY2025 shareholder letter)
- Fermi Inc.. convertible, More than $431 million of 5.00% Convertible Senior Notes due 2031; net proceeds $416.8 million before approximately $34.5 million of capped call cost. Fermi issued more than $431 million of 5.00% Convertible Senior Notes due 2031, reporting net proceeds of $416.8 million before the cost of capped call transactions. (SEC Form 8-K exhibit: Q2 2026 earnings release)
- Fermi Inc. and TensorWave. lease, Approximately $6.5 billion of contracted revenue over the life of the contract; 222 MW of total facility power on a 15-year term. Fermi’s first tenant lease. The Form 10-Q for the quarter ended 30 June 2026 records no signed leases at the balance sheet date and discloses the definitive lease with its first tenant as a subsequent event dated 9 August 2026; the Q2 2026 earnings release identifies the tenant as TensorWave and states 222 MW of total facility power over 15 years for approximately $6.5 billion of contracted revenue. (SEC Form 8-K exhibit: Q2 2026 earnings release)
- Fermi Inc. and MUFG. debt facility, $500 million non-recourse equipment loan for turbines. A $500 million non-recourse turbine equipment loan arranged with MUFG. Fermi’s Form 10-Q reports total debt of $536.9 million at 30 June 2026 across a Turbine Warehouse Equipment Financing of $444.9 million, a High Voltage Equipment Financing of $77.3 million and a Turbine Warehouse II Equipment Financing of $14.7 million. (SEC Form 8-K exhibit: FY2025 shareholder letter)
- Fermi Inc. and Macquarie. debt facility, $100.0 million Macquarie Term Loan. A $100.0 million term loan from Macquarie, recorded in Fermi’s FY2025 shareholder letter among the financings assembled before the initial public offering. (SEC Form 8-K exhibit: FY2025 shareholder letter)
- Fermi Inc., Keystone and Cape. debt facility, $120 million transformer facility, expandable to $220 million. A $120 million transformer financing facility, expandable to $220 million, for high-voltage equipment at the HyperGrid campus. (SEC Form 8-K exhibit: FY2025 shareholder letter)
- Fermi Inc., CSG and Beal Bank. debt facility, $165 million equipment financing. A $165 million equipment financing provided through CSG and Beal Bank. (SEC Form 8-K exhibit: FY2025 shareholder letter)
- Fermi Inc.. preferred, $107.6 million from the issuance of Preferred Units. Preferred Units issued before the initial public offering, raising $107.6 million. (SEC Form 8-K exhibit: FY2025 shareholder letter)
- Fermi Inc.. convertible, $75.5 million from the Series A Convertible Notes, alongside $26.1 million from Seed Convertible Notes. Series A Convertible Notes of $75.5 million and Seed Convertible Notes of $26.1 million issued before the initial public offering. (SEC Form 8-K exhibit: FY2025 shareholder letter)
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.
Would you like the atlas update?
The atlas is re-verified and republished on Tuesday, Thursday and Saturday. You get one email when it goes out, with what changed.
Also send me
Receive a short introduction on days 3, 7 and 14, plus the updates you select. Unsubscribe in one click. Privacy
Data Center Capital Atlas Update: September 12, 2026
Get new SAVRN Insights by email
A short introduction on days 3, 7 and 14, plus new SAVRN research articles. Unsubscribe at any time.
We use your address to send the introduction and updates described above. See our Privacy Policy.