Prime Data Centers Data Center Capex and Sites
Prime reports 13 campuses and a 4+ GW pipeline. Named projects are PHX01 in Avondale, Arizona at $3B and 240 MW announced May 2026, SMF01 in Sacramento at 26 MW served by SMUD, and SMF02 at 18 MW and 150,000 sq ft, on which Prime broke ground in May 2026. Platform-level financing disclosure is limited; the part notes private developer disclosure is voluntary and incomplete at Prime in particular.
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.
| Period | Kind | Amount | As stated | Sources |
|---|---|---|---|---|
| n.a. | reported | n.a. | n.a. Private developer disclosure is voluntary and incomplete, producing n.a. entries at Prime in particular |
Where Prime Data Centers builds
| Site | State | Place | Capital | MW | Status | Sources |
|---|---|---|---|---|---|---|
Prime PHX01, Avondale announced May 2026 |
Arizona | Avondale | $3.0B | 240 | announced | |
Prime Data Centers AUS01 and AUS02 (1395 Bob White Road) with Lockhart Property, LLC (owner of record) |
Texas | Lockhart, Caldwell County | ~$400M | n.a. | proposed | |
Prime SMF01, Sacramento status not explicitly stated in source |
California | Sacramento | n.a. | 26 | n.a. | |
Prime SMF02, Sacramento broke ground May 2026 |
California | Sacramento | n.a. | 18 | construction |
Financing transactions
Transactions that name Prime Data Centers as a party or attach to one of its named sites. Amounts are as stated; overlapping commitments are never summed.
| Parties | Instrument | Amount | Date | Site | Sources |
|---|---|---|---|---|---|
MARA Holdings + Coinbase + Two Prime MARA added $600 million of bitcoin-backed borrowing from Coinbase and Two Prime. Proceeds are intended to fund part of the cash consideration for the pending Long Ridge acquisition and assumption of existing indebtedness The facilities were initially collateralized by 18,750 bitcoin |
debt facility | $600M | Entered 4 August 2026; disclosed 6 August 2026 | n.a. |
Sourced facts on Prime Data Centers
- Prime reports 13 campuses and a 4+ GW pipeline.
Sources for Prime Data Centers
Every source cited on this page, once each. The full atlas source register is at Capital Atlas sources.
- businesswire.comBusiness Wire
- tdlr.texas.govTDLR TABS project TABS2026019473
- datacenterdynamics.comData Center Dynamics, 13 May 2026 (walled)
- ir.mara.comMARA (Q2 2026 shareholder letter)
- sec.govSEC Form 10-Q (MARA Holdings)
- news.bitcoin.comThe Energy Mag via Bitcoin.com News
- primedatacenters.comPrime Data Centers
- primedatacenters.comabout page
REIT and developer: one page each
The figure beside each provider is its count of named sites in the atlas.
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.