# Vantage Data Centers Data Center Capex and Sites Source: https://savrn.com/data-center-capital-atlas/company/vantage-data-centers Markdown alternate of the page above; the site index is https://savrn.com/llms.txt --- Named sites 7 Site-level commitments the atlas ties to Vantage Data Centers Disclosed site capital $36.1B Sum of named sites with a stated dollar figure. Not a capex total; see the spending table Disclosed capacity 1,551 MW Sum of named sites with a stated megawatt figure Financing transactions 10 Transactions naming Vantage Data Centers 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. | Period | Kind | Amount | As stated | Sources | | --- | --- | --- | --- | --- | | 2024 | raise | $9.2B | $9.2B equity investment led by DigitalBridge and Silver Lake | | | 2024 | raise | ~$13.0B | record $13B in incremental 2024 funding enabling roughly $30B of development; the $9.2B equity investment is part of this total, do not sum | | Named sites ## Where Vantage Data Centers builds Wyoming 1 site · $20.0B disclosed Open the Wyoming investment tracker → Wisconsin 1 site · $15.0B disclosed Open the Wisconsin investment tracker → Ohio 1 site · $1.1B disclosed Open the Ohio investment tracker → Arizona 1 site Open the Arizona investment tracker → California 1 site Open the California investment tracker → Virginia 1 site Open the Virginia investment tracker → Washington 1 site Open the Washington investment tracker → | Site | State | Place | Capital | MW | Status | Sources | | --- | --- | --- | --- | --- | --- | --- | | Project Latigo campusZone change approved 1 September 2026; permitting late 2026 into 2027; construction from 2027; phase one completion targeted 2030 | [Wyoming](https://savrn.com/data-center-capital-atlas/wyoming) | Cheyenne, Laramie County | $20.0B | 480 | announced | | | Vantage/OpenAI/Oracle Madison campuswith OpenAI, Oracle | [Wisconsin](https://savrn.com/data-center-capital-atlas/wisconsin) | Madison | $15.0B | n.a. | paused | | | Vantage Data Centers Oregon campus (Corduroy and Wynn roads)Draft economic development agreement released and presented 28 September 2026; Vantage asks for council approval by 26 October 2026 | [Ohio](https://savrn.com/data-center-capital-atlas/ohio) | Oregon, Lucas County | ~$1.1B | n.a. | proposed | | | Vantage Ashburn campus | [Virginia](https://savrn.com/data-center-capital-atlas/virginia) | Ashburn, Loudoun | n.a. | 590 | operating | | | Vantage Santa Clara campus | [California](https://savrn.com/data-center-capital-atlas/california) | Santa Clara | n.a. | 216 | operating | | | Vantage Phoenix campus | [Arizona](https://savrn.com/data-center-capital-atlas/arizona) | Phoenix | n.a. | 176 | operating | | | Vantage Quincy campus | [Washington](https://savrn.com/data-center-capital-atlas/washington) | Quincy | n.a. | 89 | operating | | Financing ## Financing transactions Transactions that name Vantage 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 | | --- | --- | --- | --- | --- | --- | | DigitalBridge + Silver Lake + Vantage Data CentersDigitalBridge and Silver Lake co-led the completed equity investment in Vantage Data Centers. | equity raise | ≥$9.2B | completed June 13, 2024 | n.a. | | | Vantage Data Centers + Wells FargoGreen loan within Vantage's record 2024 incremental funding. | debt facility | ≥$3.0B | 2024 | n.a. | | | Ares + Vantage Data CentersAres provided the facility to Vantage, whose platform spans 17 campuses and 4GW+ of IT load. | debt facility | $2.4B | n.a. | n.a. | | | PSP Investments + Vantage Data CentersPSP completed the sale of the majority of its Vantage Data Centers investment on June 13, 2024, generating cumulative proceeds of approximately US$2.3 billion. During PSP's ownership Vantage grew from three campuses to 34. | acquisition | ~$2.3B | completed June 13, 2024 | n.a. | | | Vantage Data Centers + Evercore (lead arranger) + Wells Fargo Securities (lead arranger) + About a dozen unnamed insurance and institutional investorsVantage Data Centers closed a $2 billion development-stage financing facility to support early-stage development across its North American platform. It is structured as a five-year revolving credit platform including extension options, with an initial collateral pool of three undisclosed development assets and the ability to add assets over time. Evercore and Wells Fargo Securities were lead arrangers, with participation from insurance and institutional investors. Vantage said it has closed more than $40 billion of capital in 2026. | debt facility | $2.0B | Announced 14 September 2026 (closed) | n.a. | | | ADIA + GIC + Vantage Data CentersADIA and GIC agreed to invest $1.6 billion into Vantage Data Centers in September 2025, with closing expected in Q4 2025. | jv equity | $1.6B | agreed September 2025; closing expected Q4 2025 | n.a. | | | CDPQ + Vantage Data CentersCDPQ committed USD 75 million (CAD 103 million) of a USD 130 million facility for Vantage's QC2 campus in Québec City, adding 16MW for a total of 86MW. | debt facility | $75M | n.a. in source | Vantage QC2 campus (Quebec) | | | Vantage Data CentersReuters reported Vantage exploring an IPO or sale, having raised roughly $11 billion since late 2023. | other | n.a. | reported August 13, 2026 | n.a. | | | Ares + CDPQ + Schroders Capital + Vantage EMEAAres participated with CDPQ and Schroders Capital in a financing for Vantage EMEA. | debt facility | n.a. | n.a. | n.a. | | | Ares Management + CDPQ + Schroders Capital + Vantage Data CentersLa Caisse joined the EUR 750 million Vantage EMEA financing with Ares and Schroders. | debt facility | n.a. | n.a. in source | n.a. | | The record ## Sourced facts on Vantage Data Centers - Loudoun County eliminated by-right data center development on March 18, 2025 by a 7-2 vote under CPAM-2024-0001 / ZOAM-2024-0001, newly requiring a special exception, with grandfathering cut off at February 12, 2025. - Loudoun County's data center electricity consumption reached 5.33 GW in 2025, up 166% from 2.0 GW in 2021. Sources ## Sources for Vantage Data Centers Every source cited on this page, once each. The full atlas source register is at [Capital Atlas sources](https://savrn.com/data-center-capital-atlas/sources). - capcity.news[Cap City News](https://capcity.news/community/county-community/2026/09/01/vantage-data-center-gets-zone-change-ok-from-laramie-county-tuesday/) - wyomingnews.com[Wyoming Tribune Eagle](http://www.wyomingnews.com/news/local_news/commissioners-approve-zone-change-for-vantage-data-center-south-of-cheyenne/article_ee336047-ce8e-4c25-8300-3af52862357c.html) - interconnectedcapital.com[Interconnected Capital moratorium tracker](https://www.interconnectedcapital.com/research/data-center-moratoriums) - wtol.com[WTOL](https://www.wtol.com/article/money/business/draft-agreement-outlines-details-of-proposed-oregon-data-center-ohio-vantage/512-456e8b98-3735-4fef-8657-d76a32d882c3) - 13abc.com[WTVG 13abc](https://www.13abc.com/2026/09/28/vantage-data-centers-present-oregon-project-details-monday/) - vantage-dc.com[Vantage North America locations](https://vantage-dc.com/data-center-locations/north-america/) - hklaw.com[Holland & Knight](https://www.hklaw.com/en/insights/publications/2025/04/loudoun-county-virginia-eliminates-by-right-data-center-development) - vantage-dc.com[Vantage](https://vantage-dc.com/news/vantage-data-centers-completes-9-2-billion-equity-investment-led-by-digitalbridge-and-silver-lake/) - lw.com[Latham & Watkins](https://www.lw.com/en/news/2024/06/latham-watkins-advises-silver-lake-in-completed-equity-investment-in-vantage-data-centers) - vantage-dc.com[Vantage 2024 recap](https://vantage-dc.com/news/vantage-data-centers-growth-continued-in-2024-driven-by-ai-and-cloud-adoption-secured-a-record-13-billion-in-incremental-funding/) - whitecase.com[White & Case](https://www.whitecase.com/news/press-release/white-case-advises-vantage-data-centers-us24-billion-debt-facility-ares) - investpsp.com[PSP Investments](https://www.investpsp.com/en/news/psp-investments-completes-sale-of-majority-of-its-investment-in-vantage-data-centers/) - vantage-dc.com[Vantage Data Centers press release](https://vantage-dc.com/news/vantage-secures-2b-credit-facility-expanding-financing-to-support-growing-demand/) - agbi.com[AGBI](https://www.agbi.com/tech/2025/09/adia-partners-in-1-6bn-deal-backing-us-data-centre-operator/) - lacaisse.com[La Caisse](https://www.lacaisse.com/en/news/pressreleases/cdpq-supports-expansion-vantage-data-centers-quebec-city-campus) - reuters.com[Reuters](https://www.reuters.com/legal/transactional/vantage-data-centers-explores-ipo-100-billion-valuation-or-sale-sources-say-2026-08-13/) - lacaisse.com[La Caisse](https://www.lacaisse.com/en/news/pressreleases/ares-management-cdpq-schroders-capital-announce-eur-750-million-financing) - loudoun.gov[Loudoun County](https://www.loudoun.gov/6221/Phase-1-Project-Plan-for-Data-Center-Sta) - computelaw.blog[computelaw.blog](https://computelaw.blog/power/dominion-pjm-power-ai-data-centers-virginia/) ### REIT and developer: one page each [Aligned Data Centers 1](https://savrn.com/data-center-capital-atlas/company/aligned-data-centers)[Cloverleaf Infrastructure 1](https://savrn.com/data-center-capital-atlas/company/cloverleaf-infrastructure)[Cologix 0](https://savrn.com/data-center-capital-atlas/company/cologix)[Compass Datacenters 3](https://savrn.com/data-center-capital-atlas/company/compass-datacenters)[CRG (Clayco) 1](https://savrn.com/data-center-capital-atlas/company/crg-clayco)[CyrusOne 7](https://savrn.com/data-center-capital-atlas/company/cyrusone)[DataBank 4](https://savrn.com/data-center-capital-atlas/company/databank)[Digital Realty Trust 8](https://savrn.com/data-center-capital-atlas/company/digital-realty)[EdgeConneX 0](https://savrn.com/data-center-capital-atlas/company/edgeconnex)[Equinix 2](https://savrn.com/data-center-capital-atlas/company/equinix)[Fermi Inc. (Fermi America) 1](https://savrn.com/data-center-capital-atlas/company/fermi-inc)[Flexential 0](https://savrn.com/data-center-capital-atlas/company/flexential)[H5 Data Centers 2](https://savrn.com/data-center-capital-atlas/company/h5-data-centers)[Iron Mountain 3](https://savrn.com/data-center-capital-atlas/company/iron-mountain)[Novva Data Centers 1](https://savrn.com/data-center-capital-atlas/company/novva-data-centers)[Prime Data Centers 4](https://savrn.com/data-center-capital-atlas/company/prime-data-centers)[QTS Realty Trust (Blackstone) 7](https://savrn.com/data-center-capital-atlas/company/qts-realty-trust)[Rowan Digital Infrastructure 1](https://savrn.com/data-center-capital-atlas/company/rowan-digital-infrastructure)[Sabey Data Centers 3](https://savrn.com/data-center-capital-atlas/company/sabey-data-centers)[SB Energy 4](https://savrn.com/data-center-capital-atlas/company/sb-energy)[STACK Infrastructure 4](https://savrn.com/data-center-capital-atlas/company/stack-infrastructure)[Tract 6](https://savrn.com/data-center-capital-atlas/company/tract)[Vantage Data Centers 7](https://savrn.com/data-center-capital-atlas/company/vantage-data-centers) The figure beside each provider is its count of named sites in the atlas. Part of the [North American Data Center Capital Atlas](https://savrn.com/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. [Open the watchlist →](https://savrn.com/data-center-delay-tracker) Moratorium Tracker The policy layer: every state measure and local moratorium mapped and cited, with one page per state. Open the tracker → Water Tracker Every federal, state, local and interstate water measure that touches a data center, plus a fifty-state water ledger. Open the water tracker → 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. Open the watchlist → 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. Open the permits tracker → 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. Open the scarcity tracker → Have a specific address? Site Intelligence reads all seven references against one location, county, utility and grid operator included, and cites every finding. [Check an address →](https://savrn.com/site-intelligence)