# Data Center Capital Atlas Update: October 25, 2026

> 98 capital providers, 458 named sites, 605 financing transactions and 1069 blocked or delayed projects, each linked to its source.

Source: https://savrn.com/blog/data-center-capital-atlas-update-2026-10-25
Author: SAVRN
Published: 2026-10-25

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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.

## Where the record stands

| Measure | Previous | Current | Change |
| --- | --- | --- | --- |
| Capital providers | 98 | 98 | no change |
| Named sites | 453 | 458 | up 5 |
| Financing transactions | 593 | 605 | up 12 |
| Blocked or delayed projects | 1059 | 1069 | up 10 |
| Source citations | 5,622 | 5,791 | up 169 |
| 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, 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.

- **Griffin data center moratorium**, Griffin (GA). No project megawatt or dollar figure attached to the measure. The Griffin Board of Commissioners unanimously approved a 180-day moratorium on technological facilities, including data centers and cryptocurrency mining operations. The moratorium was enacted to allow city planning staff time to study current codes and make recommendations for revising the Unified Development Code. City officials noted the current code does not specifically allow technological facilities within city limits. ([griffindailynews.com, 13 January 2026](https://www.griffindailynews.com/news/griffin-puts-180-day-moratorium-on-data-centers-and-other-technological-facilities/article_a57b3fe6-cedf-54ec-8a84-a66c93da27da.html))
- **Saline Township data center denial**, Saline Township (MI). No project megawatt or dollar figure attached to the measure. The Saline Township Board of Trustees voted 4-1 to deny rezoning of 575 acres of agricultural land needed for the Stargate data-center campus. Treasurer Jennifer Zink cited conflicts with the township master plan and inadequate emergency responder preparedness. The facility itself would occupy 250 acres. ([planetdetroit.org, 10 September 2025](https://planetdetroit.org/2025/09/saline-denies-data-center/))
- **Dorrance Township data center denial**, Dorrance Township (PA). No project megawatt or dollar figure attached to the measure. The Dorrance Township zoning hearing board unanimously denied a challenge by Brewster Land Company LLC arguing the township's zoning ordinance unlawfully excluded data centers. The board found the ordinance did not unlawfully exclude data center usage. Brewster Land Company stated it anticipates continuing its appeal of the decision. ([timesleader.com, 6 May 2026](https://www.timesleader.com/news/1741051/dorrance-twp-zoning-hearing-board-finds-ordinance-did-not-exclude-data-centers))
- **Winnebago County data center moratorium**, Winnebago County (WI). No project megawatt or dollar figure attached to the measure. Winnebago County Executive Gordon Hintz proposed a 12-month development moratorium on data centers despite no known proposals in the county. The County Board passed the moratorium in a voice vote at an August 18, 2026 meeting, applying initially to the towns of Algoma, Neenah, Nekimi, and Omro. The Wisconsin Legislative Reference Bureau stated counties cannot legally establish development moratoriums under state law. ([whby.com, 21 August 2026](https://www.whby.com/2026/08/21/winnebago-county-approves-12-month-limited-data-center-moratorium/))
- **Bannock County data center moratorium**, Bannock County (ID). No project megawatt or dollar figure attached to the measure. Bannock County Commissioners approved a 180-day emergency moratorium on new data center permit applications in unincorporated areas. The moratorium took effect July 30, 2026 and runs through January 26, 2027. County staff will develop standalone data center regulations addressing water, energy and land-use impacts. ([localnews8.com, 30 July 2026](https://localnews8.com/news/pocatello/2026/07/31/bannock-county-approves-180-day-emergency-moratorium-on-data-center-permits/))
- **Lowndes County data center litigation (Project Red)**, Lowndes County (AL). $1.15 billion; 1,500 megawatts. The Lowndes County Commission approved Project Red Clay, a 2,200-acre hyperscale data center, and a $1.15 billion tax break on October 13, 2026. Two residents filed a lawsuit alleging the approval violated the Alabama Open Meetings Act. A special meeting on October 20, 2026, addressed the minutes of the prior meeting but was contested over procedural legality. ([Alabama Reflector, 13 October 2026](https://www.yahoo.com/news/us/articles/lowndes-county-commission-sued-over-100133458.html))
- **Inkster City Council data center cancellation**, Inkster City Council (MI). $75 million. A proposed $75 million data center project in Inkster, Michigan, was halted after residents opposed it at a City Council meeting on October 19, 2026. The Inkster City Council took no action on the proposal, and developer Robert Kato of Klever Technology Center LLC stated he would not appeal or pursue the project at that location. ([clickondetroit.com, October 2026](https://www.clickondetroit.com/news/local/2026/10/20/inkster-residents-pack-city-hall-to-oppose-data-center-council-declines-to-approve-it/))
- **Archbald data center denial**, Archbald (PA). No project megawatt or dollar figure attached to the measure. The Archbald Borough Council unanimously denied the application for the Wildcat Ridge Data Center. Residents and Lackawanna County Commissioner Bill Gaughan voiced strong opposition during public comment. Attorney Edmund Campbell represented the developer and argued the proposal met ordinance standards, but the council rejected it. ([WOLF Wilkes-Barre-Scranton, 21 October 2026](https://fox56.com/news/local/archbald-borough-council-unanimously-denies-wildcat-ridge-data-center-application))
- **Mountain City data center denial**, Mountain City (TN). No project megawatt or dollar figure attached to the measure. The Mountain City Planning Commission unanimously voted to deny a rezoning request submitted by Blue Sky AI and James Phipps for a proposed data center. Residents and local business owners expressed opposition, citing concerns about infrastructure, legal history, and impacts on existing businesses. Mayor Jerry Jordan stated he could not approve the request despite acknowledging its potential benefits. ([wjhl.com, October 2026](https://www.wjhl.com/news/local/mountain-city-planning-commission-denies-data-center-rezoning-request/))
- **Suffolk data center moratorium**, Suffolk (VA). No project megawatt or dollar figure attached to the measure. Suffolk City Council unanimously approved a temporary ban on data center development in all zoning districts to allow time for drafting long-term regulations. The ban gives city staff time to study how other localities regulate data centers and gather public input. Suffolk has no data centers but anticipates future interest as development expands beyond Northern Virginia. ([virginiabusiness.com, 23 October 2026](https://virginiabusiness.com/suffolk-approves-temporary-ban-on-data-centers/))

## 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.

- **Point Tupper** (Nova Scotia). $7.1B, 95.0 MW, announced. EverWind plans over CA$10 billion (US$7.09 billion) in private investment for a data center campus at its Point Tupper industrial site in Nova Scotia. Anthropic has signed a lease agreement at the campus. The campus is expected to have an initial capacity of 95 MW by late 2027, rising to 420 MW by 2028. ([datacenterdynamics.com](https://www.datacenterdynamics.com/en/news/anthropic-named-as-customer-of-everwinds-data-center-project-in-nova-scotia/))
- **former Kansas City Star pavilion** (Kansas City, MO). $1.0B, 35.0 MW, under_construction. Patmos announced plans in November 2024 to convert the former Kansas City Star printing pavilion into an AI data center with a planned $1 billion investment. By January 2026, part of the facility was already operating with customers online, two other companies had signed leases, and about 10 of the planned 35 megawatts were ready for use, with the full buildout scheduled to finish later in 2026. ([patmos.tech](https://www.patmos.tech/news/patmos-secures-100m-cpace))
- **Twin Creeks data center development** (Leesburg, VA). $615M, announced. SDC Twin Creeks Parent LLC paid $615.05 million for 97.15 acres in Loudoun County, Virginia in November 2025. Dominion Energy separately paid $45 million for about 14 acres associated with the development. ([datacenterdynamics.com](https://www.datacenterdynamics.com/en/news/sdc-capital-partners-buys-97-acres-of-data-center-zoned-land-in-virginia-for-615-million/))
- **Van Wert data center** (Van Wert, OH). $10.0B, proposed. QTS Data Centers, a Blackstone portfolio company, announced plans in May for a data center campus in Van Wert, Ohio, with an expected investment of approximately $10 billion and creation of about 200 permanent positions. ([q.com, October 2026](https://q.com/news/city-of-van-wert-and-qts-announce-data-center-campus-in-northwest-ohio/))
- **Riverbend Technology Center** (Alton, IL). 200.0 MW, proposed. TerraWatt has proposed redeveloping the shuttered Alton Steel mill into a 200-megawatt data center called the Riverbend Technology Center. The company has reached a contingent agreement to purchase the 381-acre property at 5 Cut Street, pending city rezoning approval and other conditions. TerraWatt says it will not seek local tax incentives or use funds from the Riverfront Tax Incremental Financing District. ([stlpr.org, 21 October 2026](https://www.stlpr.org/economy-business/2026-10-21/alton-data-center-proposal))

## Financing transactions added this period

- **Liberty Energy Inc., a leading frontier AI lab and a dedicated infrastructure platform**. power supply agreement, 1.2 GW. Liberty Energy Inc. executed a strategic development agreement with a leading frontier AI lab and a dedicated infrastructure platform to deliver 1.2 GW of integrated power services at data center campuses. The agreement includes a significant prepayment of capacity fees and targets execution of the first energy service agreement for approximately 500 MW by December 2026. ([Liberty Energy Inc. Form 8-K (SEC), 21 October 2026](https://www.sec.gov/Archives/edgar/data/1694028/000169402826000055/q32026-earningsrelease.htm))
- **LS Electric and Bloom Energy**. equipment order, $139 million. LS Electric won a $139 million order to supply high-voltage switchgear and distribution transformers for a Bloom Energy-backed data center project in Pennsylvania. The deal is part of a broader trend of AI data centers turning to on-site power solutions. ([KED Global, 13 October 2026](https://www.kedglobal.com/us/energy/newsView/ked202610130002))

## 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.

- **Quanome Technologies, Inc. and GPU server supplier**. equipment order, approximately US$18.8 million. Quanome entered into a purchase agreement and related purchase order for 32 additional GPU server units at an aggregate price of approximately US$18.8 million. The units are expected to be delivered to a designated U.S. data center, subject to applicable commercial and operational conditions. ([Quanome Technologies, Inc. Form 8-K (SEC), 8 October 2026](https://www.sec.gov/Archives/edgar/data/1996192/000121390026108295/ea030797001ex99-1.htm))
- **Cipher Digital Inc.**. convertible, $850.0 million. Cipher Digital Inc. announced an intention to offer $850.0 million aggregate principal amount of 0.00% convertible senior notes due 2032 in a private offering. The company also expects to grant initial purchasers a 13-day option to purchase up to an additional $150.0 million of notes. Concurrently, Cipher expects to exchange a portion of its outstanding 1.75% Convertible Senior Notes due 2030. ([Cipher Digital Inc. Form 8-K EX-99 (SEC), 13 October 2026](https://www.sec.gov/Archives/edgar/data/1819989/000119312526419743/d134900dex992.htm))
- **Flex Ltd. and EPC Power**. acquisition, Terms not disclosed. Flex completed its acquisition of EPC Power, a provider of intelligent power conversion solutions for data center and grid applications. EPC Power has more than 15 GW deployed and supports next-generation 800V data center power architectures. The acquisition expands Flex’s Cloud and Power Infrastructure segment capabilities in power, cooling and compute. ([FLEX LTD. Form 8-K (SEC), 14 October 2026](https://www.sec.gov/Archives/edgar/data/866374/000119312526421058/d147467dex991.htm))
- **Goldman Sachs, Barclays and Atlas Energy Solutions Inc.**. debt facility, $424 million. Atlas Energy Solutions Inc. closed a $424 million committed senior secured bridge facility provided by Goldman Sachs and Barclays. The facility will fund the purchase of power generation and balance-of-plant equipment for two data center projects with first power expected in late 2027. Atlas drew $171 million at closing. ([Atlas Energy Solutions Inc. Form 8-K (SEC), 22 October 2026](https://www.sec.gov/Archives/edgar/data/1984060/000110465926117979/tm2628081d1_ex99-1.htm))
- **5C Data Centers and Olymbec USA**. acquisition, $25 million. In June 2026, 5C Data Centers acquired the 1.1 million-square-foot former Fred’s headquarters and distribution complex at 4300 Getwell Road in Memphis from Olymbec USA for $25 million. The site is being transformed into the MEM01 AI computing facility. ([Data Center Frontier, June 2026](https://www.datacenterfrontier.com/hyperscale/article/55411657/beyond-colossus-5c-advances-575m-memphis-ai-factory-expansion))
- **Digi Power X, Goldman Sachs and major lending institution**. debt facility, $200 million; 40MW. Digi Power X received a $200 million debt financing commitment letter, syndicated by Goldman Sachs and expected to close within 90 days, for a 40MW data center project in Columbiana, Alabama. The project will be developed in two phases: 15MW by end of 2026 and 25MW by end of Q1 2027. Cerebras signed on for the full capacity in May 2026. ([finviz.com](https://finviz.com/news/401609/digi-power-x-announces-200-million-debt-financing-commitment-to-support-completion-of-alabama-ai-data-center-and-provides-expansion-update))
- **Carrier Connect Data Solutions, Mapletree Industrial Trust and Purecolo**. lease, 4MW. Carrier Connect Data Solutions, through its wholly owned subsidiary Purecolo, signed a long-term lease on a 4MW data center located at 1001 Windward Concourse in Alpharetta, Georgia. The facility, owned by Mapletree Industrial Trust, is fully built out and customer move-in ready, totaling 184,555 sq ft of rentable space. The 15.5-year lease includes two five-year renewal options and increases Carrier Connect’s total managed capacity to 11.7MW. ([Data Center Dynamics, 16 October 2026](https://www.datacenterdynamics.com/en/news/carrier-connect-leases-4mw-data-center-in-alpharetta-georgia/))
- **Oxide Computer Inc., Eclipse Capital, AMD Ventures, Riot Ventures, Jane Street and Atreides Management**. equity raise, $445 million. Oxide Computer Inc. announced a $445 million Series D funding round led by Eclipse Capital, with participation from AMD Ventures, Riot Ventures, Jane Street, Atreides Management and USIT. The company develops pre-integrated data center racks containing computing, storage and networking hardware. The funding will support increased manufacturing capacity and rack design upgrades, including a future sled variant supporting graphics cards. ([SiliconANGLE, 9 October 2026](https://siliconangle.com/2026/10/09/oxide-computer-raises-445m-to-step-up-data-center-rack-production/))
- **Applied Digital and Soluna Holdings**. jv equity, 50 MW. Applied Digital and Soluna Holdings agreed to form a joint venture for a 50 MW wind-powered AI data center at Project Dorothy 3 near Silverton, Texas, with closing targeted for December 31, 2026. Applied Digital would own 51% and fund development, while Soluna contributes land and power assets for 49%. Power would come from the 150 MW Briscoe Wind Farm plus the grid. ([finviz.com](https://finviz.com/news/405148/soluna-agrees-to-form-strategic-partnership-with-applied-digital-to-develop-wind-powered-ai-data-center-in-texas))
- **Nebius and Citi**. debt facility, $3.5 billion. Nebius secured a $3.5 billion senior secured loan from Citi to fund data center buildout and GPU purchases. The loan has a 364-day term and an initial interest rate of Term SOFR plus 2.75%, potentially rising to 3.50%. It is Nebius’s second major capital raise in about two months. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001513845/000110465926117978/tm2628078d1_ex99-1.htm))

## Status changes

- **DC Rapids former paper mill data center**. other, now denied. The Wisconsin Rapids Plan Commission voted 7-0 on 16 September 2026 to recommend that the Common Council deny DC Rapids LLC's conditional use and site review applications to redevelop the former paper mill site as a data center. Staff identified 33 shortcomings, including missing electric utility approval, employment and shift projections and construction traffic details. The recommendation goes to the Common Council, reported for 20 October 2026, and the company may reapply. The city is separately drafting a data center moratorium. This is a recommendation, not a final denial. The Wisconsin Rapids Common Council voted unanimously to deny a proposal from developer PNK Group to build a data center on the former Rapids mill site. The city had entered a one-year data center moratorium on October 9, but PNK Group was grandfathered in because it submitted its proposal before the moratorium began. The council used the record from a September Planning Commission meeting that recommended denial as the basis for its decision.

## Sites updated

- **Valara data center (former Kohler plant, Pine Street)** (figures now $2.8B, 450.0 MW). Announced 21 April 2025; SC DES air permit 18 September 2026; water projection revised 21 September 2026
- **5C MEM01 data center (former Fred's headquarters, 4300 Getwell Road)** (figures now $575M, 84.0 MW). Permit filed Monday 5 October 2026; reported 6 to 7 October 2026

## 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).