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SAVRN Research · Capital Atlas · REIT and developer

DataBank Data Center Capex and Sites

DataBank raised $2B of funding to support 850 MW, allocated as Dallas 480 MW, Culpeper, VA 192 MW, and Atlanta 120 MW, and broke ground in Culpeper on a 1.3M sq ft hyperscale-ready development. Culpeper County is one of 23 Virginia jurisdictions with tracked siting actions, with a September 2025 action recorded.

Updated October 8, 2026 4 named sites 7 financing transactions 1 sourced facts 16 sources
DataBank
REIT and developer
Financing regimeprivate platform funding allocated across named campuses
Named sites
4
Site-level commitments the atlas ties to DataBank
Disclosed site capital
$2.4B
Sum of named sites with a stated dollar figure. Not a capex total; see the spending table
Disclosed capacity
992 MW
Sum of named sites with a stated megawatt figure
Financing transactions
7
Transactions naming DataBank or tied to one of its sites
Spending

Reported and guided spending

Audited, reported and guided figures as the filing or release states them. Reported lines are what was spent; guidance is what management said it expects. They are shown side by side and never combined.

PeriodKindAmountAs statedSources
n.a. raise $2.0B
$2B of funding to support 850 MW, allocated Dallas 480 MW, Culpeper, VA 192 MW, and Atlanta 120 MW
Named sites

Where DataBank builds

Georgia
2 sites · $2.4B disclosed
Open the Georgia investment tracker →
Texas
1 site
Open the Texas investment tracker →
Virginia
1 site
Open the Virginia investment tracker →
SiteStatePlaceCapitalMWStatusSources
Project Indo (218 Industrial Park Road)
DRI initial form submitted 19 June 2026; regional commission finding 15 July 2026 (Georgia DCA DRI 4761)
 Georgia Cartersville, Bartow County ~$2.4B 200 proposed
DataBank Dallas allocation
 Texas Dallas n.a. 480 announced
DataBank Culpeper development
 Virginia Culpeper, Culpeper n.a. 192 construction
DataBank Atlanta allocation
 Georgia Atlanta n.a. 120 announced
Financing

Financing transactions

Transactions that name DataBank as a party or attach to one of its named sites. Amounts are as stated; overlapping commitments are never summed.

PartiesInstrumentAmountDateSiteSources
DataBank + DigitalBridge + TJC
DataBank equity round across a platform of more than 65+ data centers, 20 interconnection hubs and 27+ markets; DigitalBridge received $59 million of gross cash proceeds with its remaining stake implied at $486 million.
 equity raise $2.0B announced October 2024 n.a.
DataBank
DataBank raised $2B of funding to support 850 MW, allocated Dallas 480 MW, Culpeper, VA 192 MW, and Atlanta 120 MW.
 other $2.0B not dated in source n.a.
DataBank
DataBank issued $1.1 billion of secured notes into a new master trust, its first for hyperscale facilities and fifth securitization since 2021, bringing its securitized portfolio to $3.23 billion. Proceeds refinance construction loans on its ATL4, IAD3 and LGA3 facilities, which are leased almost entirely to hyperscale and emerging hyperscale providers, and fund further US development.
 abs $1.1B Announced 24 September 2025 (DataBank release via PR Newswire) n.a.
DataBank
Secondary sale accompanying the DataBank $2 billion equity round.
 other ~$600M alongside the October 2024 round n.a.
DataBank
DataBank completed a $456 million green bond securitization in February 2024, its fourth securitization after issues of $658 million (March 2021), $330 million (October 2021) and $715 million (March 2023).
 abs $456M Issued February 2024 (as stated in DataBank's release of 24 September 2025) n.a.
DataBank Properties + Mapletree Industrial Trust
DataBank, the sole tenant, exercised its option under a 2014 lease to buy the single-storey data center at 3255 Neil Armstrong Boulevard, Eagan, Minnesota (about 87,402 sq ft on about 343,253 sq ft of freehold land, completed 1998). Mapletree bought the building in July 2021 as part of a 29-property US data center portfolio and says net proceeds may repay debt. DataBank announced on 1 October 2026 that it has acquired the building, which houses its MSP2 data center and was previously leased; the release gives no price.
 acquisition ~$10M Announced by Mapletree Industrial Trust's manager 29 September 2026; acquisition announced as completed by DataBank 1 October 2026 n.a.
DataBank + EdgeCore Digital Infrastructure + Netrality Data Centers + Edged
Netrality, DataBank, Edged and EdgeCore have engaged bankers to solicit offers for majority stakes in their operating platforms, according to The Wall Street Journal. The processes target private equity buyers for whole platforms, including development pipelines
 other n.a. Reported by The Wall Street Journal, via CRE Daily 15 July 2026 n.a.
The record

Sourced facts on DataBank

  • Culpeper County is one of the 23 Virginia jurisdictions with tracked siting actions, with a September 2025 action recorded.
Sources

Sources for DataBank

Every source cited on this page, once each. The full atlas source register is at Capital Atlas sources.

REIT and developer: one page each

Aligned Data Centers 1Cloverleaf Infrastructure 1Cologix 0Compass Datacenters 3CRG (Clayco) 1CyrusOne 7DataBank 4Digital Realty Trust 8EdgeConneX 0Equinix 2Fermi Inc. (Fermi America) 1Flexential 0H5 Data Centers 2Iron Mountain 3Novva Data Centers 1Prime Data Centers 4QTS Realty Trust (Blackstone) 7Rowan Digital Infrastructure 1Sabey Data Centers 3SB Energy 4STACK Infrastructure 4Tract 6Vantage Data Centers 7

The figure beside each provider is its count of named sites in the atlas.

Part of the North American Data Center Capital Atlas, refreshed every Tuesday, Thursday and Saturday. Site commitments overlap reported capital expenditure and overlap one another, so this page shows each figure as its source states it and never adds them into a single deployment number. Informational, not investment advice.
The SAVRN reference set

Seven references, one system

Capital, delay, policy, water, grid, permits and scarcity are one system seen from seven sides. Each reference is primary-sourced, refreshed on a schedule, and links into the others, so a project can be followed from the money committed to the docket that stopped it.

Delay Watchlist
Project-level slippage: named projects, jurisdictional actions, utility and federal dockets, SEC disclosures, and the interconnection queue.
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Moratorium Tracker
The policy layer: every state measure and local moratorium mapped and cited, with one page per state.
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Water Tracker
Every federal, state, local and interstate water measure that touches a data center, plus a fifty-state water ledger.
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Grid Operator Watchlist
ERCOT, PJM, MISO, CAISO, SPP, NYISO, ISO-NE and FERC: the large-load rules, filings and queue positions that decide whether a site can energize.
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Permits and Power Development
Data center and substation permits, large loads in the interconnection queues, and the power plants planned to serve them, refreshed hourly from public records.
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SAVRN Scarcity Tracker
Eleven primary-sourced indicators of AI infrastructure scarcity, one composite index, read against the token index, SAVRN's own cost basis and the frontier ceiling.
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