# Oracle Sends Force Majeure Notice on Project Jupiter: Data Center Capital Atlas Update, September 24, 2026 > 98 capital providers, 364 named sites, 467 financing transactions and 794 blocked or delayed projects, each linked to its source. Source: https://savrn.com/blog/data-center-capital-atlas-update-2026-09-24 Author: SAVRN Published: 2026-09-24 --- This data center capital atlas update records what changed in the [North American Data Center Capital Atlas](/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. ## Oracle Sends Force Majeure Notice on Project Jupiter Oracle has sent a force majeure notice to the developer of Project Jupiter, its planned data center campus in Doña Ana County, New Mexico, according to [Bloomberg News](https://www.bloomberg.com/news/articles/2026-09-24/oracle-cites-force-majeure-to-shield-itself-on-controversial-data-center) on 24 September 2026. The report says Oracle wants to be able to put off payments if the campus is derailed and misses its planned 2028 start, rather than to walk away as the main tenant, and that it is not certain the notice would release Oracle from its obligations. [Reuters](https://economictimes.indiatimes.com/tech/technology/oracle-cites-force-majeure-to-shield-itself-on-controversial-data-centre-bloomberg-news/articleshow/134462802.cms) carried the report but could not verify it; Oracle and Blue Owl did not comment, and Oracle shares fell about 4 percent before the open. The notice lands on a project already under strain in this atlas: the roughly $18 billion of construction loans behind it were quoted at 89 to 91 cents on the dollar a week earlier, per the Financial Times; its gas pipeline route was denied in July; and its air permit hearing was stayed by the New Mexico Supreme Court until 17 September. The new record sits with the other Project Jupiter entries under capital at risk below. ## Where the record stands | Measure | Previous | Current | Change | | --- | --- | --- | --- | | Capital providers | 98 | 98 | no change | | Named sites | 347 | 364 | up 17 | | Financing transactions | 445 | 467 | up 22 | | Blocked or delayed projects | 773 | 794 | up 21 | | Source citations | 4,238 | 4,452 | up 214 | | States with a blocked or delayed project | 49 | 49 | no change | 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 - **Baltimore County data center moratorium (extended through 2027)**, Baltimore County Council (MD). Countywide pause on development plans and zoning petitions for data centers; no specific project named; no dollar or megawatt figure. The Baltimore County Council unanimously passed Bill 3-26 in January 2026, barring approval of development plans or zoning petitions for data centers until 1 January 2027 or 90 days after the Planning Board submits a required study report. On 22 September 2026 the council voted unanimously, with all seven members as sponsors, to extend the moratorium through 31 December 2027. An amendment to add battery storage facilities was withdrawn, with plans to introduce it as separate legislation. ([Baltimore Sun](https://www.baltimoresun.com/2026/09/22/baltimore-county-extends-data-center-moratorium/)) - **Panama City one-year data center moratorium (Ordinance 3313)**, Panama City City Commission (FL). Citywide pause on new large-scale data center proposals; no specific project named and no developers seeking to build, per commissioners. Panama City commissioners approved a one-year ban on new large-scale data center proposals, giving staff 12 months to study impacts and develop permanent zoning rules; it does not apply to existing facilities or routine maintenance. The first of two required public hearings on Ordinance 3313 was held on 8 September 2026. This is a city action separate from Bay County's six-month moratorium (row 459). ([WJHG](https://www.wjhg.com/2026/09/23/panama-city-approves-one-year-ban-new-data-center-proposals/)) - **New Haven 12-month data center moratorium**, New Haven Board of Alders (CT). Citywide pause on new data centers; exempts quantum computing and life sciences research facilities tied to the New Haven Quantum and Life Sciences Innovation Cluster; no data center bids received. On Tuesday 22 September 2026 the New Haven Board of Alders unanimously approved a one-year moratorium on new data centers, authored by Majority Leader Richard Furlow. City Plan staff will use the period to review zoning, under which data processing centers are otherwise allowed as of right in light and heavy industrial zones and the transit oriented community zone. The city has not received any AI data center proposals. ([New Haven Independent](https://www.newhavenindependent.org/2026/09/23/12-month-pause-approved-for-data-center-development/)) - **Dearborn six-month data center moratorium**, Dearborn City Council (MI). Citywide pause on new data centers; no specific project named. The Dearborn City Council voted 7-0 on 22 September 2026, on second and final reading, to adopt a six-month moratorium on new data centers while the city writes permanent regulations. It is expected to take effect in October and run through the end of March 2027. Applications will still be accepted but forwarded to the legal department, and applicants will be told they must reapply. ([MLive via Yahoo News](https://www.yahoo.com/news/us/articles/dearborn-approves-6-month-pause-145407949.html)) - **Raeden data center at former McLouth steel mill site (Gibraltar moratorium lawsuit)**, U.S. District Court for the Eastern District of Michigan (MI). Reuse of existing industrial buildings at the former McLouth steel mill site; Raeden's president told a March town hall it would initially require 100 MW. Raeden submitted a site plan on 17 February 2026, and on 9 March 2026 the Gibraltar City Council unanimously adopted a one-year moratorium on data centers by resolution. Raeden and CAL Realty sued the city on 17 August 2026 in federal court (CAL Realty, LLC et al v. Gibraltar, 2:26-cv-12893), alleging the moratorium was adopted to defeat review of their pending application and seeking to have it declared invalid and the site plan approved. Law360 reported on 21 September 2026 that the city told the court the suit is premature. ([MLive via MSN](https://www.mlive.com/news/detroit/2026/08/data-center-developer-sues-michigan-city-challenging-one-year-pause-on-projects.html)) - **St. Joseph County hyperscale data center ban process ("data center balance" resolution)**, St. Joseph County Council (IN). Would affect new hyperscale data centers in unincorporated areas; does not halt the Amazon (New Carlisle) and Microsoft (Granger) developments already underway. On 22 September 2026 the St. Joseph County Council voted 6-3 for a resolution sponsored by Amy Drake directing the Area Plan Commission to define terms and draft zoning ordinance amendments to prohibit new hyperscale data centers in unincorporated St. Joseph County. Council President Bryan Tanner said the vote is an initiating action, not a ban. Council members Diana Hess, Mark Catanzarite and Dan Schaetzle voted no. WSBT reported the Area Plan Commission has 60 working days to return a recommendation to the council. ([South Bend Tribune](https://www.southbendtribune.com/story/news/local/2026/09/23/st-joseph-county-council-votes-6-3-to-begin-data-center-ban-process/91893754007/)) - **Zionsville one-year data center moratorium (also wind, solar and battery storage)**, Zionsville Town Council (IN). Townwide pause; no specific project named. The Zionsville Town Council approved a one-year moratorium on 21 September 2026 covering data centers, solar and wind farms and battery energy storage systems, and directed the planning department and Plan Commission to review the zoning code, which has no permitted land use for them. Council attorney Heather Harris said the pause was partly driven by neighboring actions, including Boone County's one-year data center moratorium in June. ([Current in Zionsville](https://youarecurrent.com/2026/09/22/zionsville-town-council-approves-moratorium-on-data-centers-wind-and-solar-projects/)) - **Project Gravity data center campus (Archbald)**, Lackawanna County court (PA). Seven data centers on a 186-acre site between Eynon Jermyn Road and Business Route 6. The Valley View School District filed suit in county court on Friday 18 September 2026 against Archbald Borough, its council, Archbald 25 Developer LLC and US Gravity Purchaser LLC, arguing Project Gravity is not entitled to proceed under the borough's March 2023 zoning and must meet the November 2025 data center amendment, which limits data centers to four overlay districts that exclude the site. The district cites the campus's proximity to its schools on Columbus Drive and asks the court to rule that the developers have no vested rights under the legacy zoning. The Times-Tribune reported the suit could halt development of the seven data centers. ([Scranton Times-Tribune via Yahoo News](https://www.yahoo.com/news/us/articles/valley-view-school-district-lawsuit-000300153.html)) - **Brighton Township data center moratorium**, Brighton Township Board (MI). Townshipwide pause on new data center applications; no project proposed. Brighton Township adopted a moratorium on new data center applications. Township Manager Brian Vick said it was a housekeeping item, with no project proposed, requested for a six-month period to review an ordinance that does not specifically mention data centers, following Michigan Townships Association guidance. ([WHMI](https://www.whmi.com/news/article/51280)) - **Pima County 120-day data center moratorium (unincorporated areas)**, Pima County Board of Supervisors (AZ). Countywide pause on new data center projects in unincorporated areas; Project Blue and Project Gravel exempt. On Tuesday 22 September 2026 the Pima County Board of Supervisors voted 3-2 for a resolution barring new data center projects in unincorporated areas from moving forward for 120 days, with a possible extension, while the county writes zoning requirements and studies air, water, land use and cumulative impacts. An amendment limited it to projects that had not yet submitted permits, which exempts Beale Infrastructure's Project Blue and the proposed 160-acre Project Gravel south of Tucson. This is separate from the City of Tucson's August 2026 data center ordinance (row 337). ([KJZZ](https://www.kjzz.org/fronteras-desk/2026-09-23/pima-county-passes-120-day-moratorium-on-future-data-center-projects)) - **Walls industrial rezoning of about 1,200 acres (possible data center use)**, Town of Walls Planning Commission (MS). About 1,200 acres, Agricultural Residential to M-1 Light Industrial. After a public hearing on 22 September 2026, the Walls Planning Commission voted to deny a request to rezone roughly 1,200 acres from Agricultural Residential to M-1 Light Industrial, which would have opened the land to possible data center construction. Residents cited proximity to Lake Cormorant schools, a historic site and the xAI plant in Southaven. The Board of Aldermen has the final say, and no date had been set. ([DeSoto Times-Tribune](https://www.desototimes.com/news/walls-planning-commission-rejects-controversial-rezoning-request/article_91f0eac7-e8be-40cc-b994-a904ddbab68f.html)) - **El Dorado citizen initiative banning high-impact data centers and Tier 2 and Tier 3 battery storage for 10 years**, City of El Dorado; Butler County District Court (KS). Citywide 10-year ban question; no specific data center proposal pending. Protect the Heartland submitted a petition with more than 700 signatures to ban high-impact data centers and Tier 2 and Tier 3 battery energy storage systems in El Dorado, and the city sought a declaratory judgment that it was not a proper initiative, heard on 14 August 2026. A district judge ruled for the petitioners on Friday 21 August 2026, and the City Commission voted 5-0 at a special meeting on 25 August to place a 10-year ban on the November 2026 ballot. The Kansas City Star reported on 22 September 2026 that the judge ruled the vote's outcome will be binding. ([KWCH](https://www.kwch.com/2026/08/25/citizen-group-wins-court-fight-over-el-dorado-data-center-petition/)) - **Commerce City six-month data center moratorium**, Commerce City City Council (CO). Citywide; no new data center applications accepted. On Monday 21 September 2026 the Commerce City City Council voted 7-1 for a six-month moratorium barring acceptance of new data center applications while the city writes rules; Council Member Rocky Teter voted no. It took effect immediately. The city currently allows data centers through a conditional use permit. ([The Denver Post](https://www.denverpost.com/2026/09/23/data-centers-moratorium-commerce-city-thornton/)) - **Thornton one-year data center moratorium (over 50,000 square feet)**, Thornton City Council (CO). Applies to data centers larger than 50,000 square feet. On Tuesday 22 September 2026 the Thornton City Council voted 5-3 for a one-year moratorium on new data centers larger than 50,000 square feet, effective immediately. The interim city attorney said the city has one data center operating and no pending applications. ([The Denver Post](https://www.denverpost.com/2026/09/23/data-centers-moratorium-commerce-city-thornton/)) - **Berthoud one-year data center moratorium**, Berthoud Board of Trustees (CO). Town-wide pause on data center applications. On Tuesday 22 September 2026 the Berthoud Board of Trustees voted 5-2 for a year-long moratorium on data center applications. ([BizWest](https://bizwest.com/2026/09/23/berthoud-oks-1-year-pause-on-data-center-applications/)) - **Loveland 12-month suspension of large-scale data center applications (10 MW and above)**, Loveland City Council (CO). Data centers with 10 MW or more of electrical demand or industrial-scale cooling. On Tuesday 15 September 2026 the Loveland City Council voted 7-2 to suspend acceptance, processing, approval, permitting, rezoning and site plan review of large-scale data centers with 10 MW or more of demand or industrial-scale cooling for 12 months, lengthened from staff's proposed nine months on a 5-4 amendment. It took effect immediately and can end sooner if regulations are adopted. The city has no data center applications, though a company has expressed interest. ([Loveland Reporter-Herald via MSN](https://www.msn.com/en-us/news/other/loveland-suspends-large-scale-data-center-applications-for-a-year/ar-AA2cmMbs)) - **Project Jupiter force majeure notice (Oracle, Doña Ana County)**, Contract between Oracle and the Project Jupiter developer (NM). About 1,400-acre Oracle-leased campus planned to come online in 2028; financed with about $18 billion of construction loans (see the financing record). Bloomberg News reported on 24 September 2026, citing people familiar with the situation, that Oracle sent a notice citing force majeure to the project's developer, which Bloomberg describes as a unit of Blue Owl Capital. The notice is intended to let Oracle put off payments if Project Jupiter is derailed and fails to come online in 2028 as planned, rather than to exit as the main tenant; Bloomberg said it is not certain the notice would release Oracle from its agreed financial obligations. Reuters, which carried the report, could not independently verify it, and Oracle and Blue Owl did not immediately comment. Oracle shares fell about 4 percent in premarket trading after the report, per Reuters. The notice follows the Financial Times report on 18 September 2026 that the roughly $18 billion of construction loans for the campus were quoted at 89 to 91 cents on the dollar, the New Mexico Supreme Court permitting stays (row 131) and the July 2026 denial of the Green Chile gas pipeline route (row 346). ([Bloomberg News, 24 September 2026](https://www.bloomberg.com/news/articles/2026-09-24/oracle-cites-force-majeure-to-shield-itself-on-controversial-data-center)) ## 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. - **Denver one-year data center moratorium**, Denver City Council (CO). Citywide pause on new data center construction; projects under construction continue. On Monday 18 May 2026 the Denver City Council unanimously approved a one-year moratorium on new data center construction while a working group of community advocates and experts recommends regulations. The city has about 50 data centers; projects already under construction, including one in north Denver, were allowed to proceed. ([The Denver Post](https://www.denverpost.com/2026/05/19/denver-council-moratorium-data-center/)) - **Jefferson County data center moratorium (to March 2027)**, Jefferson County Board of County Commissioners (CO). Freeze on new rezoning and development applications for data centers. Jefferson County commissioners froze new rezoning and development applications for data centers for 10 months, as reported by the Denver Post on 19 May 2026. Westword describes it as an extension of the county's moratorium to March 2027. Commissioner Rachel Zenzinger cited wildland-urban interface, water supply, environmental and public health concerns. ([The Denver Post](https://www.denverpost.com/2026/05/19/denver-council-moratorium-data-center/)) - **Longmont ban on hyperscale data centers over 100 MW**, Longmont City Council (CO). Data centers consuming more than 100 MW. In June 2026 the Longmont City Council approved a ban on hyperscale data centers consuming more than 100 megawatts. ([Colorado Politics](https://www.coloradopolitics.com/2026/09/12/to-build-or-to-ban-colorado-municipalities-grapple-with-data-centers/)) - **Boulder County six-month data center moratorium**, Boulder County (CO). Unincorporated county; new data centers. In early June 2026 Boulder County enacted a six-month moratorium on new data centers. ([Westword](https://www.westword.com/news/colorado-data-center-moratoriums-growing-commerce-city-40938030/)) ## Sites added this period - **Midwest Digital Gateway** (Canton, OH). $2.9B, 312 MW, proposed. Texas-based developer Corscale introduced the Midwest Digital Gateway, a $2.9 billion, 312 MW hyperscale campus on 162 acres southeast of Millerton Street and Central Avenue SE in Canton, at a community meeting on 23 September 2026. Plans show about 1 million sq ft in four two-story data center buildings with a switchyard and substation, on land annexed from Canton Township into the city in 2025. Corscale executive vice president Erik Draaisma said the project is being developed with a likely tenant in mind, Amazon Web Services, and that construction could begin within months and run from 2026 to 2029, with about 3,000 construction jobs and about 150 permanent jobs. Peak water use on the hottest day was estimated at 400,000 gallons. It is the third hyperscale proposal within Canton city limits since July 2026. ([The Canton Repository, 24 September 2026 (fetched via MSN syndication)](https://www.msn.com/en-us/money/technology/new-2-9-billion-data-center-proposed-in-canton-here-s-what-to-know/ar-AA2cSuiw)) - **Misty Hollow Energy and Data Campus (614 Prospect Road)** (Forward Township, PA). proposed (preliminary plan filed). A preliminary plan for the Misty Hollow Energy and Data Campus proposes a 1 million sq ft data center building, an 80,000 sq ft wastewater treatment facility, a 23,800 sq ft office building, power station facilities spread over about 10 acres and a security building on two lots totaling 274 acres (the former 232.4-acre Misty Hollow Farm at 614 Prospect Road and an adjacent 41.9-acre parcel), with 416,000 sq ft designated for possible future expansion. The land is owned by 614 Prospect RD LLC. Allen Sherwood of Prospect RD LLC said in a statement through Bracewell LLP that the goal is final approvals early next year and completion as early as mid-2029, that the campus uses closed-loop cooling and will not draw from Connoquenessing Creek, and that no end user has been announced. The plan was discussed by the Butler County Planning Commission and was on the Forward Township Planning Commission agenda for 24 September 2026. Forward Township has no zoning ordinance; supervisors expect to vote in November on a subdivision and land development ordinance amendment that would not apply to this previously filed plan. ([Butler Eagle, 18 September 2026](https://www.butlereagle.com/20260918/massive-data-center-proposed-in-forward-township/)) - **Amazon data center, Faircrest Street SW (Perry Township and Canton JEDD)** (Perry Township, OH). 240 MW, under_construction. A 240 MW Amazon data center developed by Panattoni is under construction south of Faircrest Street SW within a Joint Economic Development District between Perry Township and Canton, and could become the largest taxpayer in Stark County. Four residents sued Perry Township trustees, Stark County, the City of Canton, the Perry school board and the developers in Stark County Common Pleas Court, alleging the October 2025 noise ordinance and a March 2026 resolution consenting to a tax exemption agreement were adopted improperly, including under Ohio's Open Meetings Act. Panattoni said it has followed all applicable requirements. ([The Canton Repository via MSN, 4 September 2026](https://www.msn.com/en-us/news/other/residents-sue-over-approvals-tied-to-perry-township-data-center/ar-AA2bAVeI)) - **Wood Haven Technology Park potential data center** (Roanoke County (Wood Haven Technology Park), VA). proposed (land under purchase agreement, due diligence). The Western Virginia Regional Industrial Facility Authority confirmed on 22 September 2026 that its purchase agreement with Clearview Dynamics LLC for 94 acres at Wood Haven Technology Park is for a potential data center, citing Governor Spanberger's Executive Order 22 on data center disclosure. Water would come from Spring Hollow Reservoir, which runs at about 7.5 million gallons a day of 18 million available, and the buyer would pay for all water and power infrastructure. Due diligence is expected to run until March, with closing anticipated in October 2027. WSLS reported the agreement requires a $500,000 earnest deposit and 180 days for inspections, that the price and buyer signature are redacted or missing, and that Clearview Dynamics was formed on 13 January 2026 through a registered-agent firm. The Western Virginia Water Authority said it had not been contacted by the buyer. ([Cardinal News, 22 September 2026](https://cardinalnews.org/2026/09/22/wood-haven-project-in-roanoke-county-confirmed-as-data-center-will-use-spring-hollow-water/)) - **Google data center campus, Botetourt Center at Greenfield** (Daleville, VA). $3.0B, 300 MW, site work underway. Google bought 312 acres at the Botetourt Center at Greenfield for $14 million (announced June 2025) and plans three data center buildings of about 300,000 sq ft each, three substations and a 28,000 sq ft office. Appalachian Power's 4 September 2026 application to the Virginia State Corporation Commission estimates $264 million to upgrade transmission lines and substations for the campus and gives a peak demand of about 300 MW, a figure not previously public. At the Western Virginia Water Authority board meeting on Thursday 17 September 2026, Executive Director Michael McEvoy said Google had told the authority 2 million gallons a day will be enough; the October 2025 utility services funding agreement commits 2 million gallons a day and lets Google request 6 million more. Google said in July 2026 that at least one of three buildings will be air cooled. Botetourt County issued a land disturbance permit reported 30 August 2026, and the county board voted 3-1 in July 2026 to create an independent commission to assess the project. Related water-records litigation is tracked in at-risk row 110. ([Cardinal News, 16 September 2026 (Appalachian Power SCC application of 4 September 2026)](https://cardinalnews.org/2026/09/16/new-details-emerge-about-botetourt-grid-upgrades-for-google-data-center/)) - **Former Emerson campus technology hub and data center** (Ferguson, MO). $1.8B, approved. On Tuesday 22 September 2026 the Ferguson City Council voted 4-3 to approve a revived redevelopment agreement for a $1.8 billion technology hub and data center on the 217-acre former Emerson campus, after the package failed 3-3 in May 2026. The agreement authorizes up to $1.5 billion in tax incentives and $22 billion in industrial revenue bonds, and includes $7.5 million over 10 years for neighborhood improvements, a $250,000 environmental mitigation fund, water-conserving cooling and compliance with city noise rules. Residents launched a referendum petition on 23 September 2026; the dispute is tracked in at-risk row 187. ([St. Louis American, 23 September 2026](https://www.stlamerican.com/news/ferguson-approves-1-8-billion-data-center-project/)) - **Rhodes Technology Park** (Colleton County (off Mount Carmel Road, west of I-95), SC). $6.0B, 1000 MW, proposed. At a Colleton County Economic Alliance information session reported 23 September 2026, Ken Loeber of Eagle Rock Partners described Rhodes Technology Park, a $6 billion, 1,000 MW single-user hyperscale campus of 10 data centers and two substations on more than 1,200 acres west of I-95 off Mount Carmel Road, inside the Digital Infrastructure Overlay District the county council adopted unanimously on 14 September 2026 (65-decibel noise cap, 200-foot buffers, closed-loop cooling). The developers project 500 permanent jobs and more than 1,000 construction jobs over five to seven years, with construction expected around 2028 or 2029. The county alliance projected tax revenue passing $100 million a year by year four. It may be the same project as the gigawatt ACE Basin proposal in at-risk row 83, but the fetched coverage does not say so. ([Live 5 News (WCSC), 23 September 2026](https://www.live5news.com/2026/09/23/new-proposed-colleton-county-data-center-campus-draws-residents-questions/)) - **Valara data center (former Kohler plant, Pine Street)** (Spartanburg, SC). $2.8B, under construction. NorthMark Strategies announced a $2.8 billion operation in Spartanburg County on 21 April 2025 at the former Kohler plant on Pine Street. The South Carolina Department of Environmental Services granted an air permit on 18 September 2026 for 11 natural gas turbines adding 408 MW to the 48 MW already permitted, for 457 MW, with 12-month limits of 250 tons each for VOCs and nitrogen oxides and 25 tons for hazardous air pollutants. On 21 September 2026 NorthMark revised its projected water use to an average of 1.2 million gallons a day with peaks up to 1.6 million, more than double the 459,000 gallons previously reported, saying the earlier figure was a Phase I projection. Litigation is tracked in at-risk row 107. ([The Post and Courier via MSN, 21 September 2026](https://www.msn.com/en-us/news/other/spartanburg-data-center-gets-ok-from-sc-regulators-to-generate-457-megawatts/ar-AA2cHl9t)) - **Alignment Engine data hall (Chilpaco division, former US Paper Mill, Eastern Avenue and Canal Street)** (Chillicothe, OH). 89 MW, proposed. North Canton-based Alignment Engine plans a data hall and computing-device manufacturing operation inside an existing mill building on about 6.5 acres of the roughly 490-acre former US Paper Mill campus in Chillicothe. Company slides released after September 2026 council meetings list 89 MW anticipated use at capacity, reuse of the mill's permitted wells, Paint Creek intake and on-site wastewater treatment, about 240 permanent jobs and no tax abatement request. Chillicothe City Council struck down its 60-day moratorium 8-1 on 14 September 2026 (at-risk row 208). Volato Group completed its merger with Alignment Engine, valued at about $500 million, with Chris Ensey named CEO effective 11 September 2026; the merger materials describe Alignment Engine's Ohio powered industrial campus as having about 154 MW available and a path to at least 480 MW. ([Hopewell Heritage Headlines, September 2026](https://heritageheadlines.com/alignment-engine-releases-chillicothe-data-center-slides-after-city-council-review-meeting/)) - **Colovore Alliance data center (14700 Heritage Parkway, AllianceTexas)** (Fort Worth, TX). $430M, proposed. Colovore registered a one-story, 156,500 sq ft data center with an administrative area, four data halls and a 42,000 sq ft screened equipment yard at 14700 Heritage Parkway along Interstate 35W in Hillwood's AllianceTexas development, north Fort Worth (Denton County), with the Texas Department of Licensing and Regulation on 22 September 2026. The estimated cost is $430 million, with construction scheduled from 1 December 2026 to 1 December 2028. The owner of record is AIL Investment LP of Fort Worth and the design firm is Ci Design. The Dallas Morning News noted that Colovore's website lists a 32 MW DFW02 facility in Fort Worth, but the filing does not state capacity or link the project to DFW02. ([TDLR TABS project TABS2027001701](https://www.tdlr.texas.gov/TABS/Search/Project/TABS2027001701)) - **QTS DFW2 campus, building DC7 (1341 Sunrise Road)** (Lancaster, TX). $290M, proposed. QTS Dallas I, LLC registered a new two-story, 363,500 sq ft building with office and shell data hall space, named QTS DFW2-DC7, at 1341 Sunrise Road, Lancaster, Dallas County, with the Texas Department of Licensing and Regulation on 22 September 2026. The estimated cost is $290 million, with an estimated schedule of 1 September 2026 to 1 December 2027. Corgan Associates is the design firm and no tenant is assigned. The DC7 designation implies earlier buildings on the DFW2 campus, which the filing does not describe. ([TDLR TABS project TABS2027001648](https://www.tdlr.texas.gov/TABS/Search/Project/TABS2027001648)) - **Data center site, southeast corner of 7th Avenue and Grant Street, Phoenix** (Phoenix, AZ). proposed. A 5.43-acre data center site at the southeast corner of 7th Avenue and Grant Street, just south of downtown Phoenix, traded from Scottsdale-based LKY Development to GI Partners for $14,720,919 on 17 September 2026, according to Maricopa County property records cited by the Phoenix Business Journal. The project is moving ahead under a waiver the City of Phoenix granted in response to a Proposition 207 claim filed after the city's 2025 data center zoning ordinance. LKY had bought the land in 2012 for $3.15 million. ([Phoenix Business Journal via ABC15](https://www.abc15.com/news/business/phoenix-data-center-project-moves-ahead-after-site-secured-for-14-7m)) - **Volition data center, former Fingerhut warehouse (4000 E. U.S. 6), Spanish Fork Canyon** (Spanish Fork, UT). 250 MW, proposed. Provo-based Volition plans a fuel cell powered data center inside the 1 million sq ft former Fingerhut warehouse at 4000 E. U.S. 6, at the mouth of Spanish Fork Canyon, promising 250 MW of computing power. On Monday 21 September 2026 the Spanish Fork City Council voted 3-2 at a special meeting to amend city code to allow data centers and self-generating facilities, with conditions including grid isolation, a 600,000-gallon cap on the initial closed-loop cooling fill, annual cooling and humidification water limited to half that amount, and independent noise, vibration and heat analysis. Volition must still submit a site plan and agree a development agreement; its CEO said engineering would take a couple more months before permitting. ([The Salt Lake Tribune (via MSN)](https://www.msn.com/en-us/news/other/will-a-data-center-join-the-wind-turbines-at-spanish-fork-canyon-the-city-just-cleared-a-path/ar-AA2cTjHM)) - **C3ntro Telecom TIKVA data center, Aguascalientes** (Aguascalientes, MX-Aguascalientes). operating. C3ntro Telecom announced MXN 300 million of investment in Aguascalientes under its TIKVA project, a planned 2,500 km high-capacity fiber network between Mexico and the United States, and opened a data center in the south of Aguascalientes city in the presence of Governor Tere Jimenez on 17 September 2026. The company described it as the first of 34 data centers in the TIKVA plan. ([NW Noticias (via Yahoo Noticias)](https://es-us.noticias.yahoo.com/instalar%C3%A1n-aguascalientes-100-kil%C3%B3metros-fibra-230016993.html)) ## 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. - **Project Shelby (former Ford property, Marietta Avenue NE and Georgetown Road NE)** (Canton, OH). 320 MW, proposed. Panattoni Development Co. hosted a community meeting on 18 August 2026 at the Canton Memorial Civic Center on Project Shelby, a proposed 320-plus MW data center on the former Ford property southeast of Marietta Avenue NE and Georgetown Road NE. Renderings show four buildings of roughly 250,000 sq ft each, a pump house and one substation, with construction on 52 percent of the property. A&J Urban Development bought the land for $10,000 in 2023. Developers estimated about 670 construction jobs and more than 100 permanent jobs; the City of Canton is expected to provide water. The project is in engineering, environmental review and permitting, and the mayor said incentive discussions were under way. The Repository called it the fourth hyperscale data center announced in Stark County. ([The Canton Repository via MSN, 19 August 2026](https://www.msn.com/en-us/money/realestate/what-is-project-shelby-a-look-at-canton-s-newest-data-center-plans/ar-AA2arWgs)) - **Canton Orchard View Data Center** (Canton, OH). $1.0B, proposed. DAMAC Digital, the data center arm of Dubai-based DAMAC Group, owns about 85 acres northeast of Trump Avenue SE and Orchard View Drive SE in southeast Canton, annexed by the city in 2025, and presented a plan for two buildings, substations and a detention pond at a 14 July 2026 community forum. A DAMAC spokesperson said total investment is expected to exceed $1 billion if the project proceeds, with groundbreaking targeted for 2026 and the first building fully operational by early 2028. Cooling is closed loop with a one-time fill of less than 1 million gallons per building, and the facility would employ at least 60 people full time. ([The Canton Repository via AOL, 15 July 2026](https://www.aol.com/articles/supporters-see-opportunity-critics-see-091202000.html)) - **Bitdeer Massillon mining facility** (Massillon, OH). 221 MW, partially operational. The Canton Repository reported in July 2026 that Bitdeer's 221 MW crypto mining facility in Massillon was partially operational and on track to be completed by fall 2026. It is counted by the Repository among Stark County's hyperscale-scale projects alongside the Amazon Perry Township site and the Canton proposals. ([The Canton Repository via AOL, 15 July 2026](https://www.aol.com/articles/supporters-see-opportunity-critics-see-091202000.html)) ## Financing transactions added this period - **Meta Platforms and Apex Clean Energy**. ppa, Contract value not disclosed; 144 MW Starling Solar project. Apex Clean Energy announced a power purchase agreement giving Meta exclusive rights to all environmental attributes associated with energy from the 144 MW Starling Solar project in Gonzales County, Texas, including all renewable energy credits. Apex said the project adds new generation to the ERCOT grid that would not have been built without Meta's commitment. It is the seventh transaction between the two companies, whose combined portfolio totals about 1,200 MW across Texas, Virginia, Illinois, Kansas and Iowa. Commercial operation is expected in 2027. ([Apex Clean Energy release, 16 September 2026](https://www.apexcleanenergy.com/news/apex-and-meta-add-144-mw-of-texas-solar-to-long-standing-partnership/)) - **QTS Data Centers (Blackstone), QTS Issuer ABS II LLC and Fitch Ratings**. abs, About $1 billion: up to $719.8 million of fixed-rate loans and up to $305.3 million of floating-rate notes, per the Fitch presale as reported; proceeds repay existing debt, fund reserves and support general corporate needs. QTS Data Centers is marketing about $1 billion of data center asset-backed securitization debt through QTS Issuer ABS II LLC, according to a Fitch Ratings presale report dated 22 September 2026. The collateral pool is seven hyperscale data centers totaling 2.2 million square feet and 253.5 MW in Phoenix (PHX2DC2, PHX2DC3, PHX2DC5), Richmond, Virginia (RIC2DC3, RIC2DC5 in Sandston), Northern Virginia (ASH2DC2 in Sterling) and Dallas-Fort Worth (DFW1DC4 in Irving), with two properties contributed in this issuance. Four investment-grade tenants and three small network carriers fully occupy the portfolio, with a weighted average remaining lease term of 12.9 years. The financing comprises up to $719.8 million of fixed-rate loans and up to $305.3 million of floating-rate notes, structured as up to 10 interest-only loans with a 30-year legal final maturity. Proceeds are to repay existing debt, fund reserves and support general corporate needs; closing is expected the week of 5 October 2026. This is a refinancing, not new construction capital. ([CommercialSearch (Commercial Property Executive), citing Fitch presale](https://www.commercialsearch.com/news/qts-eyes-1b-abs-deal-on-data-center-collection/)) - **Nippon Life Insurance**. other, Nikkei reports a plan to invest 2 trillion yen (about $12.7 billion) in infrastructure financing including construction of US data centers; the share earmarked for data centers is not stated, so no dollar figure is recorded. Nikkei Asia reported that Nippon Life Insurance plans to invest 2 trillion yen, about $12.7 billion, in infrastructure financing, including the construction of data centers in the United States, as Japanese financial institutions step in to fill a growing AI funding gap. Other outlets rounded the figure to $13 billion or quoted $12.75 billion. The report describes an investment plan rather than a specific loan or project, and does not state how much is reserved for data centers. ([Nikkei Asia](https://asia.nikkei.com/business/technology/artificial-intelligence/nippon-life-plans-13bn-for-data-center-financing-primarily-in-us)) - **Samsung C&T and Kairos Power**. equity raise, Up to $100 million through a combination of direct investment and in-kind engineering services, under a binding term sheet; the cash portion is not separated. Kairos Power and Samsung C&T signed a binding term sheet under which Samsung C&T will provide up to $100 million through direct investment and in-kind engineering services, subject to regulatory approvals, to support delivery of the Hermes 2 demonstration plant in Oak Ridge, Tennessee. Samsung C&T also joins Kairos Power's integrated EPC team, initially on power-generation systems and balance of plant, and secured priority rights to perform EPC for Kairos Power's planned US commercial reactor. Hermes 2 is a grid-connected 50 MWe reactor that received NRC construction permits in December 2024 and broke ground in April 2026; its output is contracted to TVA for the grid serving Google data centers in Tennessee and Alabama (see google-kairos-tva-hermes2). ([World Nuclear News](https://www.world-nuclear-news.org/articles/samsung-ct-invests-in-kairos-power)) - **Rune, Spark Capital, Union Square Ventures, Lowercarbon Capital, Activate Capital, Committed Capital, Timeless Partners and Logos Fund**. equity raise, $40 million Series A led by Spark Capital; total funding $53.5 million. San Francisco based Rune announced a $40 million Series A led by Spark Capital, with Union Square Ventures, Lowercarbon Capital, Activate Capital, Committed Capital, Timeless Partners and Logos Fund, bringing total funding to $53.5 million, alongside the launch of RELIC, a modular compute system installed behind the meter inside operating solar farms using clipped and curtailed power without a grid connection. pv magazine reports an active RELIC installation inside a 200 MW operating solar farm in Texas; the site and its compute capacity in MW are not disclosed. Proceeds are to secure more solar host agreements and scale the on-site compute footprint. ([Rune release via Business Wire on Yahoo Finance](https://finance.yahoo.com/technology/ai/articles/rune-debuts-relic-first-drama-130000257.html)) - **Hut 8 Corp. and Poolin Technology (Chapter 11 debtor) and two U.S. affiliates**. acquisition, Winning bid of $140 million (cash and other consideration) for the Pyote and Tarbush sites; stalking-horse bid was $52 million combined ($15 million Pyote, $37 million Tarbush) from Thor CALAP LLC. Subject to bankruptcy court approval. Hut 8 was named the winning bidder on 23 September 2026 for two West Texas data center sites, Pyote and Tarbush, owned by bankrupt mining pool operator Poolin, with a bid of $140 million, nearly triple the $52 million stalking-horse offer from Thor CALAP LLC. Backup bids came from DigiPower X ($36.5 million for Pyote) and Pecos Industrial Development, reported as a designee of Fluidstack ($100.5 million for Tarbush). Poolin and two U.S. affiliates filed for Chapter 11 on 22 July 2026 with about $173 million of prepetition obligations; the two sites had roughly 100 MW of power allocation for Bitcoin mining before operations ceased in July 2026. The sale requires approval at a hearing scheduled for 29 September 2026. ([Crypto Briefing, 23 September 2026](https://cryptobriefing.com/hut-8-poolin-texas-data-centers-140m/)) - **Kodiak Gas Services and unnamed West Texas data center operator (contracted with an investment-grade hyperscaler; lease guaranteed by a GPU designer)**. power supply agreement, Contract value not disclosed; 76 MW behind-the-meter baseload capacity for six years. Kodiak Gas Services agreed to provide 76 MW of behind-the-meter, baseload power capacity, including balance of plant, to a West Texas data center for a six-year term, deploying about 40 reciprocating natural gas generation units. The customer is a data center operator contracted with an investment-grade-rated hyperscaler, with a GPU designer as guarantor of the data center lease. Deployment is expected to begin in Q4 2026 and scale into Q1 2027, with revenue recognition starting in Q1 2027. Kodiak said it is its second long-term contract to supply primary power to a data center and that about half of its power portfolio is now under long-term contracts; it targets two gigawatts of power generation capacity by 2030. ([Kodiak Gas Services release (Business Wire via Yahoo Finance), 21 September 2026](https://finance.yahoo.com/energy/articles/kodiak-gas-services-announces-power-110000014.html)) - **Alpha Compute Corp. and unnamed seller (operating oil and gas business)**. acquisition, Stated acquisition price of $5.5 million for more than 300 acres of surface, mineral and gas rights plus more than 75 existing oil and gas wells and equipment. Alpha Compute executed definitive real estate and asset purchase agreements for more than 300 acres of surface, mineral and gas rights in Pennsylvania covering the Utica and Marcellus formations, including more than 75 existing oil and gas wells, pump jacks, maintenance facilities, heavy equipment and gathering infrastructure, for a stated $5.5 million. The company said a planned data center there will replicate the design planned for its Northern Pennsylvania (Tioga County) site. The county was not disclosed; Marcellus Drilling News described it as a second site elsewhere in Pennsylvania. This is separate from the $55 million Tioga County land and gas rights deal already recorded. ([Alpha Compute release (GlobeNewswire via Markets Insider), 22 September 2026](https://markets.businessinsider.com/news/stocks/alpha-compute-signs-binding-contract-to-acquire-assets-of-operating-oil-and-gas-business-in-pennsylvania-1036563221)) - **NeoVolta and Infinite Grid Capital**. equipment order, $53 million binding capacity reservation for battery energy storage equipment; first commercial commitment under a framework of about 1.1 GWh and about $200 million of potential supply. NeoVolta entered a binding $53 million capacity reservation agreement with Infinite Grid Capital for battery energy storage system equipment designated for Northern Ontario AI data center projects in 2027. It is the first commercial commitment under a previously announced framework with Infinite Grid covering about 1.1 GWh of potential deployments and about $200 million of potential supply. The data center projects were not named. ([NeoVolta release via Yahoo Finance, 17 September 2026](https://finance.yahoo.com/energy/articles/neovolta-enters-53-million-capacity-163834974.html)) - **Government of South Korea (Ministry of Trade, Industry and Resources; Ministry of Finance and Economy) and United States (bilateral investment package)**. other, Not final. Figures reported: more than $20 billion (Korean government statement to the National Assembly), $22.3 billion (Korea JoongAng Daily and others) and $23.2 billion (Korea Herald); no figure recorded until a final agreement. South Korea named a natural gas combined-cycle power plant in Encinal, Texas, as the first project under its strategic US investment commitment, reported to the National Assembly on 22 September 2026. The project is planned at about 6.3 GW, starting with a 1.4 GW gas turbine facility and adding about 4.9 GW in stages, and is intended to supply nearby AI data centers and semiconductor plants. The Korea Herald reported that the selection takes effect if the decision is confirmed. The developer and offtakers were not named in the fetched sources. ([The Korea Times, 22 September 2026](https://www.koreatimes.co.kr/business/companies/20260922/korea-selects-texas-power-plant-as-1st-us-investment-project)) - **Clearview Dynamics LLC and Western Virginia Regional Industrial Facility Authority (Roanoke, Roanoke County, Salem)**. acquisition, Purchase price redacted from the agreement. The Western Virginia Regional Industrial Facility Authority confirmed on 22 September 2026 that its purchase agreement with Clearview Dynamics LLC for about 94 acres at Wood Haven Technology Park in Roanoke County is for a potential data center. The land is jointly owned by Roanoke and Roanoke County (44.2 percent each) and Salem (11.6 percent). The buyer will pay for all water, power and related infrastructure; water would come from Spring Hollow Reservoir. Due diligence is expected to run until March, with closing anticipated in October 2027. The price is redacted, Clearview Dynamics LLC was formed in 2026, and its backers have not been disclosed. ([Cardinal News, 22 September 2026](https://cardinalnews.org/2026/09/22/wood-haven-project-in-roanoke-county-confirmed-as-data-center-will-use-spring-hollow-water/)) - **Appalachian Power (AEP) and Google**. other, Estimated cost of transmission line and substation upgrades; Appalachian Power says Google's added revenue covers it and Google has pledged to pay for delivery upgrades. Appalachian Power's 4 September 2026 SCC application estimates $264 million to upgrade transmission lines and substations to serve Google's Botetourt County campus, with peak demand of about 300 MW. The utility said other customers are not expected to pay more because the new load's revenue offsets the cost, and cited the Ratepayer Protection Pledge under which Google agrees to pay for delivery upgrades. ([Cardinal News, 16 September 2026 (Appalachian Power SCC application of 4 September 2026)](https://cardinalnews.org/2026/09/16/new-details-emerge-about-botetourt-grid-upgrades-for-google-data-center/)) - **City of Ferguson and Next Revolution Technologies LLC**. incentive, Up to $1.5 billion in tax incentives; the up to $22 billion of industrial revenue bonds is an authorization ceiling for the abatement structure, not project capex, and is not added. The redevelopment agreement approved on 22 September 2026 authorizes up to $1.5 billion in tax incentives and up to $22 billion in industrial revenue bonds for the $1.8 billion former Emerson campus project and includes community commitments of $7.5 million over 10 years plus a $250,000 environmental mitigation fund. ([St. Louis American, 23 September 2026](https://www.stlamerican.com/news/ferguson-approves-1-8-billion-data-center-project/)) - **Volato Group (NYSE American: SOAR) and Alignment Engine**. acquisition, About $500 million is the combined valuation assumed in the merger, not cash paid. Volato Group merged with Alignment Engine, an AI infrastructure company whose Ohio powered industrial campus has about 154 MW of available power and a development path to at least 480 MW, in a transaction valuing Alignment Engine at about $500 million. Volato remains the listed parent, and Alignment Engine CEO Chris Ensey became Volato CEO effective 11 September 2026 immediately after closing. ([Pulse 2.0, 27 August 2026](https://pulse2.com/volato-to-merge-with-alignment-engine-in-500-million-ai-infrastructure-deal-with-path-to-480-mw/)) - **Skanska USA Building and Undisclosed existing client**. other, Construction contract value, about SEK 780 million, booked in Skanska's US Q3 2026 orders. Skanska signed an $84 million contract with an existing client to build an approximately 22,700 square meter (244,730 sq ft) data center in Georgia with five colocation data halls and administrative space designed for 48 MW. Scope covers civil, structural, utilities, electrical, mechanical, security, fit-out and commissioning of major equipment. The client and exact location were not disclosed. ([Skanska release via FinanzNachrichten.de](https://www.finanznachrichten.de/nachrichten-2026-09/69639875-skanska-ab-skanska-to-build-a-data-center-in-georgia-usa-worth-usd-84m-about-sek-780m-015.htm)) - **GI Partners and LKY Development**. acquisition, $14,720,919 for 5.43 acres per Maricopa County property records. GI Partners bought a 5.43-acre data center site at the southeast corner of 7th Avenue and Grant Street in Phoenix from LKY Development for $14,720,919 on 17 September 2026. The project had been threatened by Phoenix's 2025 data center zoning rules and is proceeding under a Proposition 207 waiver granted by the city. ([Phoenix Business Journal via ABC15](https://www.abc15.com/news/business/phoenix-data-center-project-moves-ahead-after-site-secured-for-14-7m)) ## 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. - **Vibro Information Services Ltd. (Meta), 1598313 Alberta Ltd., Pembina Pipeline Corporation and Suncor Energy Inc.**. acquisition, C$300,093,144 for 1,753.80 acres (about C$171,100 per acre); Canadian dollars, no US$ figure stated. The Realist reported that three parcels totalling 1,753.80 acres at 56111 Range Road 223, Sturgeon County, the site of Meta's first Canadian data center, were acquired by Vibro Information Services Ltd. on 6 February 2026 for an aggregate C$300,093,144: 956.89 acres from 1598313 Alberta Ltd. for C$163,727,616, 160 acres from Pembina Pipeline for C$27,379,200 and 636.91 acres from Suncor Energy for C$108,986,328, based on Government of Alberta land records. ([The Realist (Howard Chai)](https://howardchai.substack.com/p/meta-alberta-sturgeon-county-data-centre-land-sale-vibro-information-systems)) - **Core Scientific, Inc., Morgan Stanley Senior Funding, Inc. (agent) and JPMorgan Chase Bank, N.A. (amendment no. 1 term lender)**. debt facility, $500.0 million senior secured 364-day delayed-draw term loan at SOFR plus 2.50%, plus a $500.0 million accordion exercised on 18 March 2026 for $1.0 billion total, fully drawn; repaid 6 May 2026 from the $3.3 billion 2031 notes, so it is not additive to those notes. On 4 March 2026 Core Scientific entered a credit agreement with Morgan Stanley Senior Funding as agent for a $500.0 million senior secured term loan facility with a $500.0 million accordion, drawing the full $500.0 million on 5 March. Proceeds were for general corporate purposes related to data center development, including equipment purchases and deposits, energy deposits, real property acquisition and pre-development costs. On 18 March 2026 Amendment No. 1 added a $500.0 million commitment from JPMorgan Chase Bank, bringing the facility to $1.0 billion, fully drawn. On 6 May 2026 Core Scientific repaid all borrowings under this bridge facility with proceeds of the $3.3 billion 7.750% senior secured notes due 2031. This is a different facility from the $600 million JPMorgan-agented revolving and letter of credit facilities of 25 August 2026 (core-scientific-600m-credit-facilities-2026). ([Core Scientific Form 8-K, 6 March 2026 (SEC)](https://www.sec.gov/Archives/edgar/data/1839341/000162828026015622/core-20260304.htm)) - **HIVE Digital Technologies Ltd. (guarantor), HIVE Bermuda 2026 Ltd. (issuer) and U.S. Bank Trust Company, National Association (trustee)**. convertible, $130 million of 0% exchangeable senior notes due 1 July 2031: $115 million upsized base offering (from $100 million) plus the $15 million option exercised in full; net proceeds about $124.5 million before capped calls costing about $15.7 million. HIVE priced an upsized $115 million private offering of 0% exchangeable senior notes due 2031 on 25 June 2026, issued by HIVE Bermuda 2026 Ltd. and guaranteed by HIVE. On 30 June 2026 the issuer issued $130 million including the full $15 million option. The initial exchange price is about $4.83 per share, a 27.5% premium to the 25 June Nasdaq close of $3.79, with capped calls at an initial cap of $8.5275. Net proceeds of about $124.5 million fund HIVE subsidiaries for general corporate purposes, capital investment including GPU purchases, and data center development; HIVE's AI data centers under BUZZ HPC are in Canada, and the release does not allocate proceeds by site or country. ([HIVE Form 8-K, 1 July 2026 (SEC)](https://www.sec.gov/Archives/edgar/data/1720424/000106299326003439/form8k.htm)) - **Bitdeer Technologies Group and U.S. Bank Trust Company, National Association (trustee)**. convertible, $325.0 million of 5.00% convertible senior notes due 1 March 2032 closed 24 February 2026, plus $50.0 million issued 26 February 2026 on full exercise of the option, for $375.0 million; about $138.2 million of proceeds repurchased $135.0 million of 5.25% notes due 2029 and about $29.2 million funded capped calls, so new money is less than the face amount. Bitdeer priced $325.0 million of 5.00% convertible senior notes due 2032 on 20 February 2026, up from $300.0 million, alongside a registered direct share offering; the initial conversion price is about $9.93 per share. The notes closed on 24 February 2026 and a further $50.0 million was issued on 26 February 2026 when the initial purchasers exercised their option in full. Proceeds paid about $29.2 million of capped calls and about $138.2 million to repurchase $135.0 million of the November 2029 convertible notes, with the remainder for data center expansion, HPC and AI cloud expansion, mining rig development and general corporate purposes. Bitdeer's data center footprint spans the United States and other countries; proceeds are not allocated by site. ([Bitdeer pricing release, Form 6-K Exhibit 99.2 (SEC)](https://www.sec.gov/Archives/edgar/data/1899123/000121390026018592/ea027781201ex99-2_bitdeer.htm)) - **Keel Infrastructure Corp., Bitfarms Ltd. (guarantor) and Computershare Trust Company, N.A. (trustee)**. convertible, $458 million of 1.250% convertible senior notes due 2032 issued 9 June 2026, including the $58 million option exercised in full; the offering was proposed at $350 million and upsized to $400 million before the option. Keel Infrastructure Corp. announced a proposed $350 million convertible notes offering on 4 June 2026, entered the purchase agreement on 4 June and issued $458 million of 1.250% convertible senior notes due 2032 on 9 June 2026, including the initial purchasers' full $58 million option, guaranteed on a senior unsecured basis by Bitfarms Ltd. Proceeds fund capped calls and general corporate purposes, which may include deposits for long-lead equipment and collateral for letters of credit to expand or accelerate data center projects. The company said existing liquidity is expected to be sufficient to develop Panther Creek, Sharon and Moses Lake through leasing, and that the proceeds improve flexibility across its developments (see keel-panther-creek-pa and keel-sharon-pa). ([Keel Infrastructure pricing release, Form 8-K Exhibit 99.1 (SEC)](https://www.sec.gov/Archives/edgar/data/1812477/000121390026065506/ea029374801ex99-1.htm)) - **Skanska and Unnamed existing client**. other, Construction contract worth $1.2 billion (about SEK 11.2 billion), booked in Skanska's US order bookings for Q3 2026; the client, states and MW are not disclosed. Skanska signed a contract with an unnamed existing client to build four new data centers in the southeastern United States, totaling about 75,000 square meters (808,000 square feet), including the shell and interior fit-out of technical spaces, support areas and offices. The contract is worth $1.2 billion, about SEK 11.2 billion, and will be included in US order bookings for the third quarter of 2026. Construction begins in the third quarter of 2026 with completion expected in the third quarter of 2028. It is a construction contract, not owner capital, and may overlap with an owner's campus figure already in the atlas once the client is known. ([Skanska release (PR Newswire)](https://www.prnewswire.com/news-releases/skanska-builds-data-centers-in-southeast-usa-worth-usd-1-2-billion-about-sek-11-2-billion-302856076.html)) ## Status changes - **Lex Pocatello data center**. litigation, now denied. Proposed at a former polysilicon plant site; Idaho Conservation League highlighted unprecedented cumulative energy use concerns, comparing water use to an 18-hole golf course or large alfalfa field. On Thursday 16 July 2026 the Pocatello City Council, acting in a quasi-judicial role, voted to affirm hearing examiner Kathleen Lewis's June 2026 denial of a conditional use permit for Lex Developments' AI data center at the former Hoku site. Councilman Dakota Bates cast the lone no vote, and Councilwoman Ann Swanson was absent. On 17 September 2026, on Lex Developments' reconsideration request, the council again affirmed the denial. A motion to reverse and approve the permit with five conditions failed 3-2 (Paulsen, Mangum and Swanson against); a second motion affirming the denial but removing the standard 12-month reapplication bar passed 3-2, letting Lex reapply immediately. The decision is expected to become official at the 1 October 2026 council meeting, which starts Lex's 28-day window to petition for judicial review in Bannock County's 6th Judicial District Court; the Idaho State Journal called a lawsuit the likely next step. The site is about 59 acres at 1800 River Park Way. - **Former Emerson campus technology hub and data center**. restarted, now approved after delay. 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. On 22 September 2026 the Ferguson City Council approved the revived redevelopment agreement 4-3. Residents launched a petition drive on 23 September 2026 to force a referendum on the agreement, and opponents said they are exploring legal options. - **PowerHouse Hillwood Joliet data center campus**. other, now litigation. ComEd cancelled the project's transmission security agreement and retail service agreement over security deposit timing; the developer raised the dispute at FERC. On 22 September 2026 FERC issued an order in Docket ER26-3257-000 rejecting ComEd's notice of cancellation of the transmission security agreement for the 1.8 GW, $20 billion Joliet campus. PowerHouse Hillwood contends it met the agreement's initial credit requirement with a $1 posting. FERC declined to assert primary jurisdiction over the contract dispute, which is pending in the U.S. District Court for the Northern District of Illinois. Chairman Laura Swett and Commissioner Lindsay See filed a joint concurrence, and Commissioners David Rosner and David LaCerte also concurred; LaCerte called the $1 letter of credit an embarrassing legal fiction. - **Manatee County 12-month data center moratorium**. moratorium, now other. Manatee County commissioners unanimously approved a 12-month moratorium on data center applications while the county studies environmental and residential impacts. The motion passed without public discussion. WUSF reported the Board of County Commissioners first voted unanimously in favor of the moratorium on large-load customers, including AI facilities and cryptocurrency mining, at its 28 July 2026 meeting. The moratorium ordinance itself had not been finally adopted in the window: the Planning Commission reviewed the draft on 17 September 2026 and the County Commission held its first reading on 22 September 2026. As drafted it would bar large-load customers and facilities with substantial utility demands from applying for building permits, site plans, rezones or comprehensive plan amendments for 12 months starting 22 September 2026. - **North Port 18-month data center moratorium (North Port Holdings 300 application)**. other, now moratorium. After hours of public comment, the North Port City Commission voted 4-1 on first reading for an 18-month moratorium that would freeze new data center applications and bar final approval of the pending 896,000-square-foot project by North Port Holdings 300, LLC. Under the approach adopted, city staff could keep reviewing the pending application but could not grant final approval during the pause. Commissioner Demetrius Petrow voted no because he wanted the pending application stopped entirely; the second and final vote is scheduled for 22 September. On second and final reading on 22 September 2026 the commission adopted the 18-month moratorium 3-2, with Mayor Pete Emrich, Vice Mayor Barbara Langdon and Commissioner Phil Stokes in favor and Commissioners Demetrius Petrow and David Duval opposed because they wanted the pending application stopped entirely. The ordinance freezes new data center applications and bars final approval of the pending Deep Park application (seven buildings, about 896,000 square feet on about 112.7 acres) during the moratorium, while allowing it to continue through processing and technical review. ## Capital at risk, records updated Same status as before; the record gained a new development or source. - **Tulare County 45-day data center moratorium** (moratorium). The county adopted a 45-day moratorium covering unincorporated areas while it considers longer-term rules; local organizers are pushing for a permanent ban. The original 45-day moratorium was adopted on 18 August 2026 and covers acceptance, processing, approval or issuance of land entitlements for new data centers in unincorporated areas. On Tuesday 22 September 2026 the Board of Supervisors voted 5-0 to extend it by 10 months and 15 days, the maximum under the urgency ordinance before another extension would be needed, and then voted 3-2 to adopt a position opposing data center development in the county with an exception for enterprise facilities. - **Calvert County six-month data center site plan moratorium** (moratorium). The Calvert County Board of County Commissioners unanimously passed a six-month moratorium on site plan approvals for data center projects on 18 August 2026. It took effect 28 August 2026, and no data center site plan applications will be accepted during the period. The action followed the withdrawal of the Calvert Technology Center (AWS) proposal. On 22 September 2026 the commissioners, by consensus rather than a recorded vote, directed staff to advertise a two-year extension of the moratorium for a vote on 15 December 2026, to remove data centers as a permitted use in the zoning ordinance, and to rezone heavy industrial land, which requires a comprehensive plan amendment. No extension has been adopted; a public commenter noted the ordinance requires a public hearing before any extension. - **Prince William County data center overlay and by-right overhaul** (other). The Prince William County Planning Commission recommended on 9 September 2026 that the Board of Supervisors narrow the data center overlay and end by-right development, with a 120-day eligibility window and a 500-foot separation from homes and schools for qualifying projects. The Board was scheduled to consider the restrictions on 22 September 2026. The Prince William Times reported the Planning Commission vote on 9 September 2026 was 5-3, after commissioners deadlocked on motions for a 180-day window and for no window. On 22 September 2026 the Board of County Supervisors voted 8-0 to approve the zoning text amendment ending by-right data center development countywide, with a 90-day grace period rather than the 120 days the Planning Commission recommended; a substitute motion for no grace period failed 3-5. WUSA9 reported the Data Center Opportunity Zone Overlay District shrinks by roughly 62 percent, from about 9,700 acres to about 3,500 acres, and new data centers outside the remaining overlay will generally need a special use permit. Data centers already built, under construction or holding a site plan that has passed the quality control threshold are not affected. The 500-foot setback was not taken up; county staff are targeting a Planning Commission hearing in November and a Board hearing in January. The same night the Board unanimously denied Dominion Energy's Vint Hill gas-insulated switching station. - **Emporia digital infrastructure district and citizen data center ban petition** (other). On 22 July 2026 the Emporia City Commission voted 5-0 to approve three ordinances establishing a digital infrastructure district. It did not act on a validated citizen petition to ban high-impact data centers. If commissioners did not approve the petition within three weeks, it was to go to the November 2026 general election ballot. The city did not adopt the petition ordinance and sought judicial review; in August 2026 Senior Judge Glenn Braun of Lyon County District Court ordered the question onto the November 2026 ballot without deciding whether the petition is legislative or administrative, so its legal status remains pending. The Kansas City Star reported on 22 September 2026 that the Emporia judge ruled the ordinance's legal effect stays pending a final ruling regardless of the election result, and that no further hearing had been scheduled. - **DataOne Vineland AI data center campus (neighbor noise class action)** (litigation). Three Vineland residents filed a lawsuit in Cumberland County Superior Court on 15 June 2026 alleging excessive noise from the DataOne campus and seeking class action status, according to the Press of Atlantic City, which in July had separately reported that two residents filed a noise complaint in federal court in late May. On 27 August DataOne asked the court to dismiss the suit or deny class certification, and Judge James Swift said the motion will be decided on 25 September. Separately, the Vineland Planning Board voted 8-1 on 17 August to approve the campus's next phase, which includes an onsite natural gas power system and a 1.5 million gallon liquefied natural gas tank. The New Jersey Department of Environmental Protection said it had issued no permits for generators at the site, which it noticed during a 29 July inspection, and had not made a compliance determination. On 22 September 2026 the New Jersey Department of Environmental Protection fined DataOne $1.07 million for operating 62 natural gas-powered generators without permits, which the DEP called the largest enforcement action it has taken against a data center. A DEP spokesperson told Floodlight the company must obtain the permits or cease operating the generators and has 45 days to do so, during which the generators may keep running. DataOne said the engines are temporary until Bloom Energy fuel cells are operational. - **Wakulla County permanent data center ban** (moratorium). Wakulla County commissioners voted unanimously to put a permanent ban on data centers in the county. The board's attorney cautioned that an indefinite ban put the county on riskier legal footing than a temporary moratorium. Residents who spoke cited water use and the county's springs, including Wakulla Springs, and commissioners pointed to SB 484, which reaffirms local authority to restrict data center development through planning and land development rules. At its final public hearing on Monday 21 September 2026 the commission unanimously adopted the ordinance, amending the definitions in Section 2-4 of the Land Development Code and creating Section 6-40, which states that data centers are prohibited within all unincorporated areas of the county. - **Ottawa citizen initiative to ban data centers over 25 MW (Lightfield Energy Proximity Park)** (litigation). Franklin County District Court Judge Eric W. Godderz ruled on Thursday 3 September 2026 that a citizen-initiated ordinance banning data centers using more than 25 MW in Ottawa will go on the November 2026 ballot. Ottawa United Inc. had sued the city, alleging it ignored a petition verified on 7 August with the required 658 signatures, after commissioners took no action on legal advice. The court still must decide whether the ordinance is legislative or administrative. The measure targets a proposed 300-acre Proximity Park development that Lightfield Energy agreed to buy in December 2024. The Kansas City Star reported on 22 September 2026 that the ordinance's legal effect stays pending a final ruling regardless of the vote, with the next hearing on 20 October 2026. - **Marshalltown data center moratorium (Swarm Systems Edgewood Industrial Park proposal)** (moratorium). The Marshalltown City Council approved a four-month data center moratorium motion 5-2 at a 13 July 2026 meeting, after a six-month pause failed 4-3 about three weeks earlier. The moratorium ordinance was adopted on 24 August 2026 and halts acceptance, processing and issuance of data center permits, applications and zoning amendments until 23 November 2026, with a possible 60-day extension. Swarm Systems CEO Amir Atefi presented a plan to buy 21 acres in the Edgewood Industrial Park for a 150,000-square-foot data center, and said he would wait out the moratorium. Records made public after the offer expired show Swarm Systems offered the city $1,113,200 on 21 July 2026 for about 29.33 acres, then about a month later the same amount for 21.77 acres (about $51,135 an acre), with closing by 31 March 2027 and contingencies requiring the moratorium to lapse and zoning acceptable to the buyer. The council deadlocked on acting on the offer after the 24 August 2026 presentation and it expired on 11 September 2026. CEO Amir Atefi said the company is also looking at other sites in Iowa and other states but has not moved on from Marshalltown. - **Butte-Silver Bow data center voter-approval ballot initiative (406 People First)** (under appeal). 406 People First collected signatures for a Butte-Silver Bow initiative letting voters approve or reject data center development, after county officials told organizers the deadline was 14 August 2026. On 10 August the election administrator said state law required submission by 13 July, and the group sued on 12 August. In a 28 August 2026 ruling, District Judge Frank Joseph rejected the constitutional challenge and denied certification for the November ballot. The plaintiffs appealed to the Montana Supreme Court. On Tuesday 22 September 2026 the Montana Supreme Court granted an injunction, which the county did not oppose, barring Butte-Silver Bow from rejecting the initiative over the missed deadline while the appeal proceeds, so it can appear on the November ballot; the justices noted the result could still be invalidated if they later rule it was improperly placed. The initiative would require approval by two-thirds of all registered voters in a special election before the county could authorize a data center's construction or expansion. On 23 September the county said ballots had already been printed, and some mailed and returned, without the measure and asked the court for direction, proposing modified or supplemental ballots. - **PAX-1 data center (Middlesex Township)** (litigation). Residents led by Kyler Gerber appealed the township's approval. Judge Matthew Smith heard arguments on Friday 18 September 2026 and is reviewing a 21,000-page record, with no ruling timeline announced. The project is under construction. On Tuesday 22 September 2026 Judge Smith denied the appellants' request to halt work while their appeal of the township's 6 May preliminary land development approval proceeds, writing that it does not appear from the record that the appellants have a strong likelihood of prevailing on the merits. The case was not dismissed and the judge will continue to take argument; a separate suit challenging the 2025 zoning map change remains alive, and a DEP permit appeal is pending before the Environmental Hearing Board. PennLive reports the project at full buildout would be 16 buildings with a maximum computing power of 1.35 GW. ## Sites updated - **Stargate site, Dona Ana (announced)**. Dona Ana County commissioners voted 4-1 on 19 September 2025 to approve up to $165 billion of industrial revenue bonds for Project Jupiter in Santa Teresa, developed by BorderPlex Digital Assets and STACK Infrastructure for lease to Oracle Cloud Infrastructure. The campus remains in press coverage in the week of 17 to 24 September 2026 over its $18 billion construction loans and permitting. Bloomberg News reported on 24 September 2026, citing people familiar with the situation, that Oracle sent a notice citing force majeure to the project's developer, which Bloomberg describes as a unit of Blue Owl Capital. The notice is intended to let Oracle put off payments if Project Jupiter is derailed and fails to come online in 2028 as planned, rather than to exit as the main tenant; Bloomberg said it is not certain the notice would release Oracle from its agreed financial obligations. Reuters, which carried the report, could not independently verify it, and Oracle and Blue Owl did not immediately comment. Oracle shares fell about 4 percent in premarket trading after the report, per Reuters - **Vantage Lighthouse campus** (announced, now under_construction; figures now $15.0B). In September 2026 Vantage said the campus was roughly 20 to 25 percent complete, with 2,800 to 3,000 workers on site daily. The four buildings total about 2.5 million sq ft (the largest 759,000 sq ft; the first, about 550,000 sq ft, built by Weitz), each with a different general contractor, and Vantage expects staged deliveries to Oracle and OpenAI starting at the end of 2027. An Ozaukee County judge dismissed Great Lakes Neighbors United's challenge to Port Washington's TID No. 5, which funds about $175 million of infrastructure that Vantage pays upfront and recovers through the TID; the suit had said the TID would pay more than $458 million in reimbursements and interest over 18 years. A ruling on the voter-approved TID referendum ordinance is set for 19 October 2026 - **Meta Sturgeon County data center**. The Realist reported on 23 September 2026, from transaction records supplied by Alberta commercial real estate data firm The Network and identified legal parcels, that three contiguous parcels totalling 1,753.80 acres at the site (56111 Range Road 223) were acquired on 6 February 2026 by Vibro Information Services Ltd. for an aggregate $300,093,144, about $171,100 per acre. Sellers were Pembina-affiliated holding companies (956.89 acres for $163,727,616 and 160.00 acres for $27,379,200) and Suncor Energy (636.91 acres for $108,986,328). Pembina's 1 July 2026 Greenlight final investment decision release states $190 million of proceeds, net to Pembina, from the sale of land to the data centre customer. Vibro has not been directly confirmed as a Meta entity; The Realist links it through a director and address matching law firm Stikeman Elliott, which said it advised Meta on the project's land acquisition. Amounts are as reported and are not converted - **Fleet Data Centers Reno-area hyperscale facility (SV RNO)**. The Las Vegas Review-Journal reported on 23 September 2026 that the second data center covered by the 17 September PUCN approval is Fleet's Peru Ridge campus, served by a 218 MW plant on 23.4 acres near Peru Drive in the Tahoe Reno Industrial Center. Fleet is a subsidiary of Denver-based Tract Capital. Both plants are slated to start construction in early 2027, take about six months to build and run for two to three years; a Storey County building permit and an air permit are still required. The paper said Bloomberg had reported Nvidia as the South Valley tenant, which both companies declined to comment on. South Valley received $23.35 million in tax abatements in February 2026 - **HyperGrid campus, Amarillo**. On 18 September 2026 Fermi announced that three Siemens Energy SGT6-5000F gas turbines, the first power generation assets to reach the site, had arrived at Project Matador after landing at the Port of Houston in July. Fermi's 21 July 2026 release rated the three units at up to 780 MW together in simple-cycle mode and said they will anchor the second phase of the power buildout. Fermi did not report installation or give a new first-power date - **CleanSpark Sandersville data center**. On 17 September 2026 CleanSpark named the tenant as Anviran, LLC, a wholly owned subsidiary of Meta, with Meta guaranteeing rent and operating expenses, and on 18 September 2026 priced $2.276 billion of 7.875% senior secured notes due 2031, up from the $2.227 billion proposed - **PowerHouse Hillwood Joliet campus**. On 22 September 2026 FERC issued an order in Docket ER26-3257-000 rejecting ComEd's notice of cancellation of the transmission security agreement for the 1.8 GW, $20 billion Joliet campus. PowerHouse Hillwood contends it met the agreement's initial credit requirement with a $1 posting. FERC declined to assert primary jurisdiction over the contract dispute, which is pending in the U.S. District Court for the Northern District of Illinois. Chairman Laura Swett and Commissioner Lindsay See filed a joint concurrence, and Commissioners David Rosner and David LaCerte also concurred; LaCerte called the $1 letter of credit an embarrassing legal fiction - **Project Cayman energy project and co-located data center campus**. ONE Nuclear completed its business combination with Hennessy Capital Investment Corp. VII on 23 September 2026 and became ONE Nuclear Energy Inc. (Nasdaq: ONEN); after shareholder redemptions of approximately $146.5 million, approximately $2.2 million remained in the SPAC trust account before expenses - **Project Taurus data center (former Intel plant)**. At the 17 September 2026 special session the Colorado Springs City Council voted to delay a final decision on the appeals until at least April 2027, seeking more information on noise and other impacts - **Cedar Creek data center and gas plant campus (382 Earl Callahan Road), Anthropic in lease talks**. On 22 and 23 September 2026 the Austin Business Journal, as relayed by KXAN, reported that the campus appears to be paused after Governor Greg Abbott ordered a halt to new state permits for data center projects on 21 September 2026. Neither the developers nor Bastrop County had publicly confirmed a pause, and no project-specific TCEQ action on the pending Pacifico air permit registration was found - **River Bend campus**. WAFB reported on 22 September 2026 that the River Bend project is a $10 billion investment expected to generate about $90 million in annual tax revenue and more than 175 permanent jobs, and that West Feliciana Parish President Kenny Havard negotiated it without a non-disclosure agreement. Hut 8 has not stated a total project cost in its filings, so capital_usd_m stays at the $3.25 billion note financing - **TerraWatt Armory data center (3728 Market Street, Midtown)**. The 3728 Market Street warehouse, owned of record by GS 3728 Market Investors LLC (a Green Street entity), was scheduled for a 6 October 2026 land-tax sale over more than $2.4 million in unpaid taxes, per STL.News on 23 September 2026 and a St. Louis Business Journal report of 22 September 2026. In July 2026 the same building was pulled from a sheriff's tax sale after a last-minute payment - **Digital Drive data center campus**. The $1.1 billion of five-year notes priced on 23 September 2026 at 98.5 cents on the dollar to yield 9.25% ## Financing transactions updated - **Core Scientific**. $3.3 billion of 7.750% senior secured notes due 2031, approximately $2.9 billion net. Purchase agreement dated 22 April 2026; closed 6 May 2026 (8-K filed 6 May 2026); earlier recorded as priced Q1 2026 - **NVIDIA and SB Energy**. $1.5 billion NVIDIA equity investment in SB Energy. Announced 17 August 2026; terms restated in Form S-1/A Amendment No. 2 filed 21 September 2026 - **Fermi Inc. and TensorWave**. Approximately $6.5 billion of contracted revenue over the life of the contract; 222 MW of total facility power on a 15-year term. Lease entered 9 August 2026; announced 11 August 2026; closing date extended from 30 September 2026 to 31 October 2026 by a first amendment announced 22 September 2026 - **CleanSpark, Inc., CSDC Finance I, LLC (issuer) and CSRE Properties Sandersville, LLC (guarantor)**. $2.276 billion of 7.875% senior secured notes due 2031, priced at 98.500% of principal (upsized from the proposed $2.227 billion). Priced 18 September 2026; expected to close 25 September 2026 - **CoreWeave, Inc.**. Amount $4.2B, previously $3.7B. $4.2 billion aggregate principal amount of 2.875% convertible senior notes due 1 April 2033, including $500 million from the initial purchasers' option exercised in full; net proceeds $4,137.0 million after initial purchasers' discounts and before offering expenses; capped call cost approximately $566.2 million. Priced 18 September 2026; closed 22 September 2026 with the initial purchasers' option exercised in full - **One Nuclear Energy and Unnamed Louisiana landowner group**. No value disclosed; binding letter of intent. Announced 31 August 2026 - **Blockfusion USA, Inc., North East Data, LLC and CoreWeave**. Contract value and MW not disclosed in the release. Announced 16 September 2026 - **Oracle (tenant), Santander and Jefferies**. About $18 billion of loans tied to the Oracle-leased Project Jupiter campus, per the FT as carried by Reuters; lender list and exact closing date not confirmed. Loans secured late 2025; secondary pricing reported 18 September 2026. Reported by the Financial Times via Reuters - **Solaris Energy Infrastructure, Inc. and Solaris Energy Infrastructure, LLC**. Amount $1.2B, previously $1.0B. $1.25 billion aggregate principal amount of 7.000% Senior Notes due 1 April 2032, issued at par, upsized from the original $1.0 billion; net proceeds approximately $1,227.2 million after the initial purchasers' discount and estimated offering expenses; proceeds for general corporate purposes, growth capital expenditures and offering fees and expenses, not tied to one site. Proposed offering announced 22 September 2026; priced 22 September 2026 (upsized from $1.0 billion); closing expected 1 October 2026 - **Blue Owl Capital (affiliates), Cedarwood Investment Group, PowerHouse Data Centers, Goldman Sachs, Citigroup, Deutsche Bank and CoreWeave (tenant)**. $1.1 billion of five-year notes priced at 98.5 cents on the dollar to yield 9.25%, rated BB- by S&P Global Ratings; coupon and issuer legal name not disclosed in fetched sources. Launched 21 September 2026; priced 23 September 2026. Reported by Bloomberg ## 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](/data-center-delay-tracker), which tracks project-level slippage, queues, and securities filings, and the [U.S. Data Center Moratorium Tracker](/data-center-moratorium-tracker), which maps state and local policy measures. All citations behind this atlas are listed on [one page](/data-center-capital-atlas/sources).