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SAVRN Research · Capital Atlas · Texas

Texas Data Center Investment Tracker

Texas carries 106 named site commitments worth at least $200B in disclosed capital, set against 35 projects blocked, delayed or restricted, 10 cancelled or blocked and 13 delayed or under moratorium, as of October 8, 2026.

Updated October 8, 2026 106 named sites 35 blocked, delayed or restricted 57 financing transactions 395 sources
Texas
TX
73 capital providers on record
Named sites
106
Site-level commitments the atlas records in Texas
Disclosed capital floor
$200B
Sum of sites with a stated dollar figure. Sites without one are listed, not counted
Disclosed capacity
41,449 MW
Sum of sites with a stated megawatt figure
Blocked, delayed or restricted
35
$51.8B of announced capital in those projects
Named sites

Named data center sites in Texas

Each row is one site-level commitment with its capital provider, the figure the source states, and the status the source gives it. Capital is shown as one compact figure; the verbatim wording is in the row's sources.

SiteCapital providerPlaceCapitalMWStatusSources
Texas program (Armstrong County, Haskell County, Midlothian)
Through 2027
Alphabet / Google Armstrong County, Haskell County, and Midlothian (Ellis County) $40.0B n.a. announced
Vantage Frontier mega-campus
announced Aug. 19, 2025; first building delivered in 2H 2026
DigitalBridge
with Silver Lake
Shackelford County ≥$25.0B 1,400 announced
Nexus Data Centers Hubbard AI campus
FID reported 19 August 2026
Nexus Data Centers
with Eagle Point Credit Management, Morgan Stanley, Google, Anthropic, Transition Equity Partners
Hubbard, Hill County ~$16.0B n.a. under construction
Abilene Stargate campus (Crusoe / Blue Owl / Primary Digital JV)
phase 1 construction June 2024; phase 2 March 2025; energize mid-2026
Crusoe Energy
with Blue Owl Capital, Primary Digital Infrastructure, Oracle, OpenAI
Abilene $15.0B 1,200 construction
El Paso AI data center
Committed October 2025; $10B/1GW March 2026; BlackRock venture July 2026
Meta Platforms
with BlackRock
El Paso ≥$14.0B 1,000 construction
Black Mountain southeast Fort Worth data center campus
Approval reported 27 August 2026 by Bisnow and 28 August 2026 by CRE Daily; council vote count not published in the fetched articles
Black Mountain Fort Worth, Tarrant County $10.0B n.a. approved
Infrakey hyperscale data center campus (Ross area, proposed Lacy Lakeview annexation)
Public since November 2025; reported 14 May 2026 (Texas Tribune and Waco Bridge) and 22 June 2026
Infrakey
with City of Lacy Lakeview, Environmental Systems Group (wastewater reuse engineer)
Near Ross, McLennan County $10.0B n.a. proposed
QTS data center campus on Lancium Clean Campus (near Turkey)
Announced 15 to 17 July 2026; water commitment reported 1 September 2026
QTS Data Centers
with Lancium
Near Turkey, Hall County ≥$10.0B n.a. announced
Abilene, Texas AI campus
targeting 1.4 GW by 2026
Newmark
with Crusoe, Blue Owl Capital, Primary Digital Infrastructure
Abilene $7.1B 1,200 construction
EdgeConneX Cedar Creek campus (AUS02)
Reported 27 July 2026
EdgeConneX
with CoreWeave (tenant)
Cedar Creek, Bastrop County ~$5.8B n.a. under construction
Project Hyper data center campus (Spur Buildings 1 and 2), County Road 233, Jayton
Registered with TDLR 1 October 2026; reported by Data Center Dynamics 1 to 2 October 2026
Crusoe Energy
with Spur DC Owner 1 LLC and Spur DC Owner 2 LLC (owners of record), HKS, Inc. (design)
Jayton, Kent County ~$4.8B n.a. proposed
Cameron County AI data center campus
Site work permit issued 10 September 2026; construction of the first phase announced 21 September 2026
Fluidstack
with AEP Texas, East Rio Hondo Water Supply Corporation
Rio Hondo, Cameron County $4.0B 1,500 under construction
ECP-KKR Bosque County campus
targeted operational in Q4 2026
KKR
with Energy Capital Partners
Bosque County ~$4.0B 190 construction
Project Temple data center campus
Rowan Digital Infrastructure
with Oncor
Temple, Bell County $3.0B 300 construction
InfraTech Capital Carson County data center campus
Announced 18 August 2026 (company release); single-outlet report (Business Wire via Yahoo Finance)
InfraTech Capital
with Undisclosed hyperscaler expected as anchor tenant, Undisclosed global fiber manufacturing partner
Carson County ~$2.7B n.a. announced
Texas data center tied to OpenAI's Stargate
reported alongside Newmark's 2024 deal closings
Newmark
with OpenAI
n.a. $2.3B n.a. n.a.
Black Pearl Facility
Lease amended 24 July 2026; first capacity and rent commencement announced 4 August 2026
Cipher Digital
with Undisclosed investment-grade hyperscaler
Wink $2.0B 300 partially operational
Plano data center (1000 Coit Road)
CoreWeave Plano $1.6B n.a. announced
HyperGrid campus, Amarillo
Figures as of the Form 10-Q for the quarter ended 30 June 2026, filed 14 August 2026
Fermi Inc. (Fermi America)
with Texas Tech University System, TensorWave
Amarillo, Potter County $1.5B 1,500 construction
CyrusOne Freestone County campus (Freestone Energy Center)
Announced 9 February 2026
CyrusOne
with Constellation Energy, Calpine
Fairfield, Freestone County ~$1.5B 380 under construction
Denton HPC data center
delivery delays disclosed November 11, 2025; >16,000 GPUs deployed by end-December
Core Scientific
with CoreWeave, OpenAI
Denton ≥$1.2B 260 operating
CyrusOne DFW10 campus (Thad Hill Energy Center)
announced July 30, 2025; expected operational by Q4 2026
KKR
with GIP, Calpine
Bosque County $1.2B 190 construction
Project Eagle campus, Boling
TDLR filings reported 9 July 2026; permitting headwinds reported 17 to 18 August 2026; groundwater permits issued 8 September 2026
Amazon (AWS)
with VisionFirst Advisors (consultant)
Boling, Wharton County ~$1.2B 75 announced
Meta Temple Data Center, Industrial Boulevard
Opened 22 July 2026
Meta Platforms Temple, Bell County ≥$1.2B n.a. operational
DataNovaX Wichita Falls data center (2236 Airport Drive)
Conditional use approved Wednesday 12 August 2026
DataNovaX Wichita Falls, Wichita County ~$1.0B 12 approved (conditional use)
Google Project Raptor hyperscale data center (Three Way Road)
TCEQ permit applications reported 25 August 2026; county opposition resolutions passed Monday 28 September 2026; residents' meeting 28 September 2026 (KFDX, KAUZ, Times Record News)
Alphabet / Google
with Dynamo Ventures LLC (builder and TCEQ permit applicant), City Concrete Inc. (batch plant permit)
Near Lakeside City (Three Way Road, south of FM 1954), Archer County $1.0B n.a. proposed
Midlothian / Red Oak campuses (Ellis County)
Alphabet / Google Midlothian and Red Oak, Ellis County $1.0B n.a. expansion
Project Rise 1A and Rise 2A data centers, Vernon
TDLR filings registered 11 and 15 July 2026; reported 19 to 20 July 2026
Alphabet / Google
with AES (co-located clean energy)
Vernon, Wilbarger County $1.0B n.a. filed
Texas Research Park plan
Microsoft (Azure) San Antonio $1.0B n.a. announced
Cosmos Technology Campus
Disclosed in the Form S-1 filed 1 September 2026; notes issued May 2026
SB Energy
with SoftBank
Austin, Travis County $999M 50 construction
GW Ranch data center and power campus
TDLR filings 4 August 2026; Amazon confirmation reported 7 to 11 August 2026
Amazon (AWS)
with Pacifico Energy Group (developer), Gensler (design)
Fort Stockton area, Pecos County ~$900M n.a. under construction
Equinix DA12 data center (1550 West Mockingbird Lane)
Backfill (not previously recorded). Registered with TDLR in November 2025 (DA12-1 on 19 November 2025, DA12-2 on 21 November 2025); construction start 19 February 2026 per TDLR
Equinix
with Margulies Hoelzli Architecture (design)
Dallas, Dallas County ≥$836M n.a. under construction
RELLIS Data and Research Center
County approval 18 August 2026; single-outlet report (KBTX)
ThisWay Global, Inc. Bryan, Brazos County ≥$700M n.a. under construction
SAT93 and SAT94, San Antonio/Medina County
Construction May 2025 to June 2027
Microsoft (Azure) San Antonio, Medina County $700M n.a. construction
Skybox Hutto data center campus (3399 County Road 132)
Building 4 registered with TDLR 30 September 2026; 140-acre Megasite rezoning approved by Hutto City Council 1 October 2026 (single outlet, Taylor Press)
Skybox Datacenters
with Corgan Associates (design, Building 4)
Hutto, Williamson County ≥$550M n.a. under construction
CyrusOne Castroville data center
Reported 18 July 2026
CyrusOne Castroville, Medina County ~$500M n.a. under construction
Milam County Data Center (Stargate site)
Under construction per the Form S-1 filed 1 September 2026; lease arrangements dated 9 January 2026
OpenAI (Stargate)
with SB Energy, SoftBank
Burlington (County Road 133), Milam ~$470M n.a. construction
Colovore Alliance data center (14700 Heritage Parkway, AllianceTexas)
TDLR registration 22 September 2026; reported 24 September 2026 (The Dallas Morning News)
Colovore
with AIL Investment LP (Hillwood, registered owner)
Fort Worth, Denton County ~$430M n.a. proposed
DataBank DFW15, Red Oak campus
TDLR filing reported 15 September 2026
DataBank Red Oak, Ellis County $425M n.a. announced
Prime Data Centers AUS01 and AUS02 (1395 Bob White Road)
Registered with TDLR 5 May 2026 (TABS2026019473); reported by Data Center Dynamics May 2026
Prime Data Centers
with Lockhart Property, LLC (owner of record)
Lockhart, Caldwell County ~$400M n.a. proposed
SAT 82, Castroville
Work set to begin mid-August 2026; aimed completion June 2028
Microsoft (Azure) Castroville ~$400M n.a. announced
BT Gateway Data Center (4989 County Road 2656)
Registered with TDLR 23 June 2026 (TABS2026023619); town hall reported 28 July 2026
Giga Energy (Giga AFM LLC) Royse City, Hunt County ~$384M n.a. proposed
Compass Red Oak facilities
maturing 2050
Compass Datacenters Red Oak $326M 180 operating
Digital Realty DFW45, Digital Garland campus (1602 Ferris Road)
TDLR registration 8 September 2026; reported 16 September 2026
Digital Realty Garland, Dallas County ~$300M 80 under construction
Edged Project Outpost second building (southwest Fort Worth)
TDLR filing 14 September 2026; reported 16 September 2026
Edged Fort Worth, Tarrant County ~$300M n.a. planned
QTS DFW2 campus, building DC7 (1341 Sunrise Road)
TDLR registration 22 September 2026; reported by The Real Deal 28 September 2026
QTS Data Centers Lancaster, Dallas County ~$290M n.a. proposed
CyrusOne DFW8 (9501 Asphalt Drive)
Registered with TDLR 24 September 2026; reported by The Real Deal 28 September 2026
CyrusOne Fort Worth, Tarrant County ~$257M n.a. proposed
SAT16
Microsoft (Azure) San Antonio ~$215M n.a. announced
CoreSite DA1, Irving (2701 E. Grauwyler Road)
TDLR registration 31 August 2026; reported 16 September 2026
CoreSite
with CanTex Capital (CanTex Grauwyler LLC, landowner)
Irving, Dallas County ~$200M n.a. planned
Temple Data Center TTX03 (2230 Eberhardt Road)
Backfill (not previously recorded). Registered with TDLR 15 December 2025; single source (TDLR filing)
Polmer LLC Temple, Bell County ~$197M n.a. under construction
Oppidan Connect Temple data center (2313 Eberhardt Road)
Backfill (not previously recorded). Reported 13 June 2026 (KDH News); single outlet
Oppidan Investment Company Temple, Bell County ~$80M 14 under construction
Related Digital data center campus (adjacent to Project Star energy campus)
Announced in the developers' joint statement of 30 September 2026; reported 2 October 2026 (single trade outlet for the data center details)
Related Digital
with NextEra Energy Resources, Related Companies, Lewis Energy Group
Encinal, La Salle County n.a. 5,000 announced
US Army hyperscale program at Fort Bliss (Carlyle)
initial operating capability FY2027; 3GW by 2029
The Carlyle Group
with U.S. Army
El Paso n.a. 3,000 announced
Matagorda County powered land site
Acquired 2 July 2026; announced 9 July 2026
MARA Holdings
with Starwood Digital Ventures, HIF USA LLC
Approximately 90 miles southwest of Houston, Matagorda County n.a. 2,000 announced
Pecos datacenter campus
Announced June 2026
Microsoft (Azure) Pecos n.a. 2,000 announced
Project Horizon (Longfellow Ranch)
partnership announced October 2025; deal later ended
Poolside
with CoreWeave
n.a. n.a. 2,000 cancelled
Sweetwater Hub (Sweetwater 1 and 2)
ERCOT classification announced 8 September 2026
IREN Sweetwater n.a. 2,000 under construction
Tract Caldwell County technology park
Tract Caldwell n.a. 2,000 announced
Stargate Abilene
first two buildings live September 2025; expansion cancellation reported 2026
OpenAI (Stargate)
with Oracle, Crusoe
Abilene n.a. 1,200 operating
Stargate flagship campus, Abilene (Crusoe/Lancium Clean Campus)
Construction began June 2024; first phase live 30 September 2025; phase two expected complete mid-2026; 2 GW expansion dropped
Oracle
with OpenAI, Crusoe, Lancium, NVIDIA
Abilene n.a. 1,200 operating
Crusoe and Lancium Childress AI data center campus
Announced 15 July 2026
Crusoe Energy
with Lancium, Unnamed hyperscale technology company (tenant), HKS, Inc. (design)
Childress, Childress County n.a. 1,000 announced
Abilene 900MW AI factory campus (Microsoft)
announced March 27, 2026
Crusoe Energy
with Microsoft
Abilene n.a. 900 announced
Apollo site
Disclosed 4 August 2026
Cipher Digital Near San Antonio (within 25 miles), Not disclosed n.a. 900 announced
Texas Critical Data Centers (TCDC)
Announced 14 August 2026 (company release); Phase 1 PPA signed 18 September 2026 (Form 8-K)
New Era Energy & Digital
with Thunderhead Energy Solutions (Phase 2 power partner), Stream Data Centers (JV discussions), Macquarie (facility lender), Vistra / Luminant (Phase 1 power supplier)
Near Odessa, Ector County n.a. 757 construction permits received
Childress campus (Horizon 1-4)
agreement signed November 3, 2025
IREN
with Microsoft, Dell
Childress n.a. 750 construction
Rockdale AI/HPC campus (Milam County)
Acquisition announced 1 September 2026
Bitdeer Technologies Group Rockdale, Milam County n.a. 563 expansion
Atlas One compute campus (Project Atlas)
Announced 20 August 2026 (company release); single-outlet report (Enid News & Eagle (GlobeNewswire release))
Azio AI Holdings, Inc.
with AT&T (fiber master services agreement)
n.a. n.a. 500 announced
Taylor Technology Campus (formerly Project Mustang), between FM 112 and U.S. 79
Announced August 2026; annexation request withdrawn early September 2026; proposed annexation agreement announced 2 October 2026; figures reported 5 October 2026 (Taylor Press, Bisnow); council vote set for Thursday 8 October 2026
Big Watt Digital LLC and PowerHouse Data Centers
with City of Taylor (proposed annexation agreement)
Taylor (unincorporated, east of city limits), Williamson County n.a. 500 proposed
Cedar Creek data center and gas plant campus (382 Earl Callahan Road), Anthropic in lease talks
Reported by the Austin Business Journal on 24 August 2026; no deal finalized as of 26 August 2026
Anthropic
with BlackChamber Partners, Pacifico Energy
Cedar Creek, Bastrop County n.a. 490 proposed
DataBank Dallas allocation
DataBank Dallas n.a. 480 announced
PowerPlay AI greater Abilene behind-the-meter AI data center
Announced 20 July 2026
PowerPlay AI
with Undisclosed Nasdaq-listed neocloud (joint venture partner)
n.a. n.a. 400 planned
Beacon Point data center
Note offering priced 4 June 2026
Hut 8 Corp. Nueces County n.a. 352 construction
Circle T Data Center, Westlake
Filing reported 6 August 2026
PowerHouse Data Centers
with American Real Estate Partners (AREP), Kimley-Horn
Westlake, Tarrant County n.a. 300 announced
CleanSpark Brazoria campus
Announced 14 July 2026
CleanSpark
with Undisclosed high-investment-grade global technology company (LOI and exclusivity)
Not disclosed, Brazoria County n.a. 300 announced
Project Dorothy 3
Land purchase closed, announced 24 August 2026
Soluna Holdings Briscoe County n.a. 300 planned
Helios II data center (Dickens County)
Note offering priced 23 July 2026
Galaxy Digital Inc. Dickens County n.a. 260 construction
Crow Holdings North Stemmons data center campus (Market Hall)
Reported 29 July 2026
Crow Holdings Dallas, Dallas County n.a. 245 announced
Nscale Texas campus (Microsoft)
deployment starting Q3 2026
Nscale
with Microsoft
Ward County n.a. 240 announced
Cortex 1 and Cortex 2 AI training clusters, Gigafactory Texas
Q2 2026 update published 22 July 2026
tesla Austin, Travis County n.a. 205 operational
Zone Frontier West Texas data center campus (Potter County)
Ground lease announced 29 September 2026 (company release); campus first announced 9 July 2026
Zone Frontier Inc.
with HST Technologies, Inc.
Near Amarillo (Potter County substation), Potter n.a. 200 proposed
Rockdale campus AI data center
Lease announced 10 August 2026
Riot Platforms
with Undisclosed frontier AI lab
Rockdale, Milam County n.a. 191 announced
Pecos HPC data center
AMD lease 27 July 2026; ERCOT status disclosed 10 September 2026
Core Scientific
with AMD
Pecos n.a. 185 under development
Abernathy site (with TeraWulf)
Fluidstack
with TeraWulf, Anthropic
Abernathy n.a. 168 announced
Barber Lake data center
Fluidstack lease signed 25 September 2025; amendment and follow-on commitment signed 24 September 2026, announced 25 September 2026
Cipher Digital
with Fluidstack, Google (lease backstop), Unnamed leading AI lab (follow-on tenant)
Colorado City, Mitchell County n.a. 168 under construction
Project Kati (Kati 1 and Kati 2)
Kati 1 completion and ERCOT classification announced 8 September 2026
Soluna Holdings
with Metrobloks, Galaxy Digital, Bitdeer
Willacy County n.a. 166 operating (Kati 1); planned (Kati 2)
Stream Data Centers Graham site (former Plug Power Limestone project)
Purchase agreement signed 9 July 2026
Stream Data Centers
with Plug Power (seller), Apollo
Graham, Young County n.a. 164 announced
Coravel Dallas-Fort Worth campus
Announced 15 July 2026
Coravel (ACS Group and Global Infrastructure Partners)
with ACS Group, Global Infrastructure Partners, BlackRock
Dallas-Fort Worth n.a. 140 announced
Hunt County HPC data center
AMD lease 27 July 2026; ERCOT status disclosed 10 September 2026
Core Scientific
with AMD
Hunt County n.a. 110 under construction
Flexential Kaufman County data center campus (Talty)
Announced 28 July 2026 (company release)
Flexential Talty, Kaufman County n.a. 108 announced
Merlin campus, McGregor Industrial Park
Disclosed in Q2 2026 results, 5 August 2026; acquisition date not disclosed
Galaxy Digital McGregor, McLennan County n.a. 74 announced
North Dallas Corridor turnkey data center
n.a.
with Northampton Capital Partners, Provident Data Centers
North Dallas Corridor n.a. 54 announced
Colovore Hutto AI data center (2401 Innovation Blvd)
TDLR filing reported 3 to 8 September 2026
Colovore Hutto, Williamson County n.a. 40 planned; construction to begin December 2026
Snyder AI Campus
Construction start announced 27 July 2026
Energy Vault
with Crusoe
Snyder, Scurry County n.a. 8 under construction
Abilene campus (Oracle tenancy, Stargate-adjacent)
First GB200 racks delivered June 2025
Nvidia
with Oracle, Crusoe, Blue Owl Capital, Primary Digital Infrastructure
Abilene n.a. n.a. operating
Advanced Manufacturing Center, Houston
Production started late 2025 ahead of schedule; opened 13 August 2026
Apple Houston n.a. n.a. operating
Allen facility
Voltage Park Allen n.a. n.a. operating
Amazon Data Services Horizon Junction data center campus (County Road 241)
TDLR registrations 20 July and 5 August 2026
Amazon Data Services
with Gensler (design)
Floydada, Floyd County n.a. n.a. registered for construction
Anthropic-Fluidstack Texas data centers
announced November 2025; sites coming online throughout 2026
Anthropic
with Fluidstack
n.a. n.a. n.a. announced
Borden County campus (pipeline)
Disclosed in the Form S-1 filed 1 September 2026
SB Energy Borden County n.a. n.a. announced
CleanSpark Sealy campus
Announced 14 July 2026
CleanSpark
with Undisclosed high-investment-grade global technology company (LOI and exclusivity)
Sealy, Austin County n.a. n.a. announced
Dallas datacenter
announced March 11, 2025
Cerebras Systems Dallas n.a. n.a. operating
Fort Worth facility
Voltage Park Fort Worth n.a. n.a. operating
Nexus Data Centers Hubbard AI campus (Anthropic anchor tenant)
Financing reported 30 July 2026 by the Wall Street Journal and confirmed by CNBC; final investment decision announced 19 August 2026
Anthropic
with Nexus Data Centers (developer), Google (lease and power-payment guarantor), Morgan Stanley (lead bank), Eagle Point Credit Management (HoldCo lender), Broadcom (TPU vendor financing)
Hubbard, Hill County n.a. n.a. under construction
Scurry County campus (pipeline)
Disclosed in the Form S-1 filed 1 September 2026
SB Energy Scurry County n.a. n.a. announced
Shackelford County Stargate AI Campus
five new sites announced September 2025
OpenAI (Stargate) Shackelford n.a. n.a. announced
Stargate site, Shackelford (announced)
OpenAI (Stargate) Shackelford n.a. n.a. announced
Capital at risk

Blocked, delayed or restricted in Texas

Every project in Texas on the atlas's capital-at-risk record: the action taken, who took it, and the announced capital affected. Restarts and reversals are recorded with the same weight as blocks.

ProjectDeveloperJurisdictionActionCapitalSources
Crusoe Technologies Leon County data center tax abatement
rejected Application rejected 13 July 2026
Crusoe Technologies, LLC Leon County Commissioners Court
On 13 July 2026 Leon County commissioners rejected Crusoe Technologies' initial tax abatement application for its proposed data center because the submission was incomplete. The company was expected to submit a new application. A public hearing was scheduled for 27 July 2026 in Marquez.
$34.0B
Black Mountain southeast Fort Worth data center site plan (EdgeConneX)
approved after delay Postponed May and June 2026; amended site plan approved Tuesday 25 August 2026
Black Mountain; EdgeConneX (developer and operator) Fort Worth City Council
Fort Worth City Council votes on the site plan for the $10 billion campus south of Lon Stephenson Road were postponed in May and June 2026 after resident and council opposition. The developer cut the land footprint by about half and added buffers of more than 300 feet. On Tuesday 25 August 2026 the council approved an amended site plan with four buildings and a dedicated substation, and EdgeConneX said it is the developer and operator.
≥$10.0B
Cedar Creek data center and gas plant campus (Pacifico Energy and BlackChamber Partners; Anthropic in lease talks)
paused TCEQ email confirming the hold reported 29 September 2026 (single outlet); runs until the ERCOT and TWDB audits are complete, TCEQ compliance update due 19 October 2026
Pacifico Energy and BlackChamber Partners Texas Commission on Environmental Quality (statewide data center permit pause)
TCEQ Air Permits Division director Samuel Short told Bastrop County residents by email, as reported by the San Antonio Current on 29 September 2026, that the Pacifico project is on hold because TCEQ has paused all air and water permits and authorizations for infrastructure directly supporting data centers under Governor Abbott's 21 September 2026 directive (row 769). The campus's on-site gas plant air permit was pending. The pause runs until the ERCOT and Texas Water Development Board audits are complete, with a TCEQ compliance update due 19 October 2026. Anthropic is reported to be in lease talks for the campus; no lease has been finalized.
~$2.2B
Highlander SC One LLC San Marcos
denied February 17, 2026
Highlander SC One LLC San Marcos
San Marcos, Texas, City Council voted 5-2 at 2:14 AM on February 18, 2026 to deny zoning amendments for a $1.5 billion, 380 MW data center by Highlander SC One LLC (Fort Worth) on 200 acres on Francis Harris Lane.
$1.5B
Highlander SM One data center
rejected First denial August 2025; final denial 17 February 2026
Highlander SM One LLC City of San Marcos
Highlander SM One's first map amendment failed in August 2025 without the required supermajority. A second application reached City Council in early 2026, and on 17 February 2026 the council voted 5-2 to deny it after a nearly nine-hour meeting. The applicant could reapply after six months, on or after 17 August 2026; no new application had been filed as of April 2026.
~$1.5B
CloudBurst Data Centers / Highlander SC One LLC Hays County
moratorium February 17, 2026
CloudBurst Data Centers / Highlander SC One LLC Hays County
Water advocates identified 5 data centers proposed for the Hays County, Texas, region during historic drought (proposed by CloudBurst Data Centers / Highlander SC One LLC) (1.2GW, $1.2B, 200 acres).
$1.2B
Rock Creek
delayed 2024-25
n.a. Fort Worth
Delayed
$750M
Project Tomahawk Prosper data center (rezoning denied by Planning and Zoning Commission; withdrawn)
withdrawn Denied 7-0 by Planning and Zoning Commission 1 September 2026; application withdrawn before 8 September 2026 Town Council meeting
n.a. Town of Prosper Planning and Zoning Commission
The Prosper Planning and Zoning Commission unanimously denied a zoning change request for a proposed data center at a Tuesday night meeting after hours of public opposition, including from neighboring Aubrey residents. Commissioners cited the lack of net benefit to the town, electricity use, environmental impacts and noise, and noted data centers are not a defined use in the future land use plan. The commission also unanimously denied related amendments. The project, White Rose Partners Project Tomahawk, a US$580 million data center on 37.3 acres at Parvin Road and FM 1385, was scheduled for the Town Council on Tuesday 8 September 2026, but the developer withdrew both items hours before the meeting and the town closed the application; a revised plan would need a new application and a new Planning and Zoning hearing.
$580M
ONMINE computing and energy research annex (6509 S. Fort Hood Street)
withdrawn Planning and Zoning Commission vote 27 April 2026; withdrawal confirmed 12 May 2026
ONMINE City of Killeen
The Killeen Planning and Zoning Commission voted 4-1 on 27 April 2026 against a conditional use permit for ONMINE's proposed $30 million facility, despite a staff recommendation for approval, after nearly 30 residents spoke in opposition. The city listed the project as a computing and energy research annex, similar to a data center at a smaller scale. The city confirmed on 12 May 2026 that the applicant had withdrawn the request before a city council hearing set for 2 June 2026, where it would have needed six votes.
~$30M
Airport Drive data center rezoning
rejected Rejected 5 May 2026
Data Nova X City of Wichita Falls
The Wichita Falls City Council unanimously rejected the rezoning for a data center on Airport Drive on 5 May 2026. The item had been tabled in February 2026 and a revised offer addressed light, sound and traffic. Council members cited proximity to homes, construction traffic, 24-hour operations and uncertainty about the developer.
n.a.
Athens data center moratorium
moratorium Enacted August 2026
n.a. Athens
Athens, Texas, enacted a local data center moratorium or ban, recorded in SAVRN's moratorium tracker as dated August 2026. City Council voted 3-2 to permanently ban data centers within city limits. Defines data center as any facility over 500 sq ft used primarily to house servers. Not a moratorium. a standing zoning ban. The measure has no end date by design and applies at a threshold of 500 sq ft.
n.a.
Blueprint Data Centers Taylor facility
litigation Suit 2025; dismissed 8 October 2025; Attorney General investigation announced 17 September 2026
Blueprint Data Centers Williamson County District Court / City of Taylor
Five Taylor residents sued to stop a 135,000 sq ft Blueprint data center, arguing a 1999 deed restriction required the land to be held as parkland. The judge had paused work during the case, but on 8 October 2025 District Judge Ryan Larson dismissed the suit for lack of standing. The residents' group said it was filing an appeal. On 17 September 2026 Texas Attorney General Ken Paxton announced an investigation into whether the 1999 deed restriction holding the land in trust for future use as parkland was modified, released or terminated before the Taylor Economic Development Corporation sold the site to NCP Travis TPP Project, LLC for $10 million in April 2025, and said he may seek court intervention. The city said it would cooperate fully.
n.a.
Circle T Data Center (Westlake)
litigation TRO issued 17 August 2026, extended twice, dissolved 25 September 2026; lawsuit hearing set for 23 October 2026
PowerHouse Data Centers Town of Westlake / 342nd District Court, Tarrant County
On 17 August 2026 Judge Kimberly Fitzpatrick of the 342nd District Court issued a temporary restraining order, sought by The Lakes at Marshall Ridge Homeowners Association in Keller and two residents, blocking the Westlake Town Council from approving the Circle T Data Center development agreement. At a 26 August hearing the restraint was extended through 8 September 2026. Plaintiffs allege the site plan lacked required setbacks and that building height was raised from 45 to 80 feet without proper notice. Separately, the Keller City Council approved a motion to begin a 90-day moratorium process within its own limits. On 26 August 2026 Judge Kimberly Fitzpatrick of the 342nd District Court extended the temporary restraining order barring a Westlake vote on the data center development plans until a 10 a.m. hearing on 8 September 2026. The Fort Worth Star-Telegram describes the project as a 1.1 million-square-foot complex on 87.9 acres at 13580 Denton Highway, 506 feet from homes in Keller's Lakes at Marshall Ridge neighborhood, and reports the Keller City Council passed a resolution opposing the project and authorizing legal action. On 15 September 2026 the Westlake Town Council voted unanimously not to renew its police services agreement with Keller, which expires in 2028, amid the dispute. The Dallas Morning News describes Circle T as eight buildings on 88 acres. The Fort Worth Star-Telegram reported on 16 September 2026 that the judge has extended the temporary restraining order against a Westlake vote twice to allow more time to study evidence, and that the latest hearing is scheduled for 25 September 2026. On Friday 25 September 2026 Judge Kimberly Fitzpatrick dissolved the temporary restraining order that had kept Westlake from voting to approve the data center, after criticizing both sides for filing about 1,000 pages of documents the night before, and set a 23 October 2026 hearing on the Lakes at Marshall Ridge Homeowners Association lawsuit, in which the city of Keller is an intervener. Westlake said it was pleased and would continue to follow Governor Abbott's directives on data center development; Keller's mayor and an intervening resident said the suit continues. The Dallas Morning News reported on 28 September 2026 that the parties met for mediation before the 25 September hearing without reaching a settlement, and a status report said the plaintiffs' claims reached an impasse while Keller, Westlake and Circle T continue a settlement dialogue. At the 23 October 2026 hearing the judge is to decide whether the plaintiffs have standing to continue the suit. Westlake says the site has been zoned commercial and industrial since 1998, making the data center allowable by right.
n.a.
Diode Ventures Cedar Creek Lake data center
withdrawn Withdrawn 23 July 2026
Diode Ventures Henderson County
Kansas-based Diode Ventures withdrew its proposed data center near Cedar Creek Lake in Henderson County on 23 July 2026, saying it would not advance the site beyond preliminary planning. The Governor's office said the project did not meet the five data center standards Gov. Greg Abbott set in June 2026 directives to the PUC and ERCOT. A volunteer Save Cedar Creek Lake coalition had gathered thousands of petition signatures over water supply concerns. Henderson County has no zoning rules, so the county had no approval to deny.
n.a.
El Paso data center moratorium
moratorium Enacted January 2026
n.a. El Paso
El Paso, Texas, enacted a local data center moratorium or ban, recorded in SAVRN's moratorium tracker as dated January 2026. Council unanimously approved data center policy: 300-ft buffer from residential/ecological sites, special use permit, no more tax breaks. Developers must submit resource use, emissions, noise, and water treatment plans. The measure has no end date by design.
n.a.
Fort Worth 90-day data center moratorium process
other Process approved 11 August 2026; adoption scheduled 16 February 2027
n.a. City of Fort Worth
On 11 August 2026 the Fort Worth City Council voted unanimously to start the process for a 90-day moratorium on data center rezonings and permits. A Data Center and Infrastructure Committee must report by 3 November 2026, with public hearings on 10 November 2026 and 5 January 2027. Adoption is scheduled for 16 February 2027, with the moratorium ending 17 May 2027. Projects with zoning applications already submitted or approved are excluded. The moratorium itself has not yet been adopted. FOX 4 reported the unanimous vote at the 11 August 2026 meeting came after midnight, early on 12 August 2026.
n.a.
Harlingen data center moratorium
moratorium Enacted May 2026
n.a. Harlingen
Harlingen, Texas, enacted a local data center moratorium or ban, recorded in SAVRN's moratorium tracker as dated May 2026. 120-day moratorium on data center development within city limits, adopted in May 2026 after public hearings, running to mid-October; commissioners approved first reading of a 60-day extension to December in August, second reading pending. City hired Ambiotec Engineering to study water, wastewater and power impacts. The measure has a stated duration whose end date is not recorded.
n.a.
Lewisville data center moratorium
moratorium Enacted January 2026
n.a. Lewisville
Lewisville, Texas, enacted a local data center moratorium or ban, recorded in SAVRN's moratorium tracker as dated January 2026. Council voted unanimously to require Special Use Permit for data centers; banned in all residential areas. Each proposal needs two public hearings. The measure has no end date by design.
n.a.
Lubbock 90-day large-scale data center moratorium process
other Resolution adopted 5-2 on 22 September 2026; moratorium ordinance pending
n.a. Lubbock City Council
The Lubbock City Council voted 5-2 on 22 September 2026 to adopt a resolution starting the process for a 90-day moratorium on large-scale data centers, after the Save Lubbock group's petition for an 18-month moratorium, which organizers said was not feasible under Texas law. Planning staff are to develop guidelines on water use, power reliability, zoning, noise and lighting while the ordinance is drafted, and a work session will be held within 90 days. The moratorium ordinance itself had not been adopted.
n.a.
Midtown Business Park data center land sale
rejected Land sale rejected 11 September 2025
Priority Power Management City of College Station
The College Station City Council voted unanimously on 11 September 2025, after nearly six hours of discussion, to reject the sale of city land for a data center of up to 200 acres. More than 75 people registered to speak and a petition with 5,047 signatures was delivered to the council.
n.a.
Milam County data center moratorium
moratorium Enacted January 2026
n.a. Milam County
Milam County, Texas, enacted a local data center moratorium or ban, recorded in SAVRN's moratorium tracker as dated January 2026. Resolution calling for stricter statewide standards on data centers: public disclosure of electrical demand, water consumption, cooling technologies, and infrastructure impact. Non-binding. The measure has no documented term.
n.a.
Princeton data center moratorium
moratorium Enacted January 2026
n.a. Princeton
Princeton, Texas, enacted a local data center moratorium or ban, recorded in SAVRN's moratorium tracker as dated January 2026. City amended regulations to require a Specific Use Permit for data centers, updated definitions, and established per-project public review. The measure has no end date by design.
n.a.
Project Aquila
litigation June 4, 2026
RCM Hill, LLC Hill County (RCM Hill files $100M federal suit challenging data center moratorium), TX
On May 28, 2026, RCM Hill, LLC sued Hill County, County Judge Shane Brassell, and Commissioners Jim Holcomb and Larry Crumpton in U.S. District Court (Western District of Texas, Waco Division)
n.a.
Project Hutto
cancelled April 17, 2026
Zydeco Development Hutto
On April 17, 2026, Zydeco Development withdrew its rezoning application for a proposed 950,000-square-foot data center at the southeast corner of County Road 119 and Limmer Loop in Hutto, Texas
n.a.
Project Patriot (Knox Ranch)
litigation Annexation January 2026; suit by April 2026; recall mandamus petition 17 August 2026; officials' suit against the city filed 6 October 2026
Bilateral Energy LLC City of Granbury
Granbury annexed the roughly 2,000-acre Knox Ranch from Hood County and rezoned it for Bilateral Energy's power generation and data center plan known as Project Patriot. Four Hood County property owners sued, alleging a Texas Open Meetings Act violation through a walking quorum during a data center tour, and the suit remained unresolved as of July 2026. On 8 July 2026 residents presented a no-confidence petition with more than 800 signatures against the city manager and city attorney. On 17 August 2026 Granbury residents petitioned the Second Court of Appeals in Fort Worth for a writ of mandamus ordering the city to validate five recall petitions against the mayor, mayor pro tem and three council members, citing Project Patriot approvals. The city had verified only 26 of more than 5,000 signatures. The court set an expedited schedule that could put recalls on the November 2026 ballot. On Tuesday 6 October 2026 Mayor Jim Jarratt, Mayor Pro Tem Bruce Wadley and Councilman Skip Overdier, all subject to the recall, filed a lawsuit against the city through Houston attorney Andy Taylor alleging fraud, forgery and other defects in the recall petition; the suit put scheduling of the recall election on hold.
n.a.
Project Red and Project Yellow
litigation Dismissed July 2026
National CRE Holdings LLC; Greenland Capital LLC Hood County
The developers of two proposed Hood County data center campuses sued, arguing their plans were automatically approved because the county missed a 30-day statutory deadline. District Judge Bryan Bufkin granted the county's plea to the jurisdiction and dismissed the suit with prejudice in July 2026, finding the projects were not development plans under state law. The companies indicated in filings that they will appeal.
n.a.
RCM Hill project
other Suit May 27 2026; rescinded Jun 4 2026; dollar value n.a.
RCM Hill LLC Hill County
County adopted then rescinded a one-year rural ban after the developer sued in federal court
n.a.
San Marcos citywide data center zoning ban
moratorium Adopted 4-3 on 16 June 2026; reported 4 July 2026
n.a. City of San Marcos
On 16 June 2026 the San Marcos City Council voted 4-3 to adopt a zoning ordinance that defines data centers and makes them ineligible in every zoning district in the city. State Sen. Paul Bettencourt said he would challenge the ban as a violation of state law, including HB 2559. The city had earlier rejected the Highlander SM One LLC annexation request.
n.a.
Skybox Wichita Falls data center
delayed Delay disclosed 6 October 2026; groundbreaking now expected Q1 2027
Skybox Datacenters City of Wichita Falls
Skybox told the Wichita Falls City Council on Tuesday 6 October 2026 that groundbreaking on its planned data center, originally expected by the end of 2026, is pushed back to the first quarter of 2027 following the statewide data center audits ordered by Gov. Greg Abbott. Skybox said the project meets the state's requirements and that it was submitting the last tranche of audit information that day.
n.a.
Sulphur Springs Thermo mine data center campus
litigation Land conveyed 2019; lawsuits pending through 2026; developer change announced 2 June 2026; dismissal hearing 7 July 2026; CyrusOne community meeting 24 September 2026; trial likely 2027
City of Sulphur Springs with MSB Global (phased out June 2026); CyrusOne evaluating the site City of Sulphur Springs; Hopkins County district court
The City of Sulphur Springs sued Vistra to remove a deed restriction barring power generation on former Luminant mine land where it planned a large data center campus with MSB Global; Vistra countersued, and a resident separately sued the city under the Open Meetings Act over its developer agreements. On 2 June 2026 the mayor said MSB Global would be phased out, and the council re-adopted the letter of intent and Chapter 380 agreement to address the open-meetings claims. On 7 July 2026 Judge Dan Moore heard Vistra's Rule 91a motion to dismiss six of the city's 11 counts; the September 2026 trial date was vacated and trial is likely in 2027. CyrusOne held a community meeting on 24 September 2026 about a potential self-powered, natural gas campus on the site and said the project is not a done deal.
n.a.
Texas enforcement directive on data center water-use reporting
other Directive announced 14 September 2026; update due 14 October 2026
n.a. State of Texas
Gov. Greg Abbott announced on 14 September 2026 that he directed the Texas Water Development Board to use its enforcement authority against data centers that fail to complete the state's mandatory water use survey, both for past failures and future noncompliance. Existing law makes failure to respond a Class C misdemeanor, and the directive includes referring violations to county or district attorneys. Response rates were 32% of 22 surveyed data centers in 2023, 28% of 67 in 2024 and about 30% of 329 in 2025. Abbott asked the board for a compliance and enforcement update by 14 October 2026.
n.a.
Texas statewide halt on TCEQ permits for data centers pending ERCOT and TWDB audits
paused Directive issued 21 September 2026; TCEQ compliance update due 19 October 2026; runs until the ERCOT and TWDB audits are complete
n.a. State of Texas (Office of the Governor; Texas Commission on Environmental Quality)
On 21 September 2026 Gov. Greg Abbott directed the Texas Commission on Environmental Quality to halt all permits sought by data centers until ERCOT completes its audit, in a letter to TCEQ Executive Director Kelly Keel. The governor's release says that because the PUCT, ERCOT and the Texas Water Development Board need the audit information to make informed decisions, no state agency shall move forward with regulatory approvals related to data center development until it is acquired. TCEQ must report on its compliance by Monday 19 October 2026. The directive follows the 3 August 2026 order for the PUCT and ERCOT to audit all data centers in ERCOT's interconnection process and the 14 September 2026 water-use reporting directive to the TWDB. Houston Public Media reported that the August pause reached only ERCOT connections of at least 75 MW, while TCEQ permits for river water use or on-site power plants now also stop, and that ERCOT and the TWDB are surveying more than 400 data centers for the audit. The governor also said he will work with the Legislature next session to eliminate financial incentives for data centers. The San Antonio Current reported on 29 September 2026 that Samuel Short, director of TCEQ's Air Permits Division, wrote in an email to Bastrop County residents that, at the direction of Governor Abbott, TCEQ has paused the issuance of all air and water permits and authorizations related to the construction or development of infrastructure directly supporting data centers while ERCOT completes its audit, that the Pacifico Energy campus near Cedar Creek (row 823) is on hold, and that TCEQ will give the Governor's Office a full compliance update by 19 October 2026. Public Citizen's Texas office told the outlet that TCEQ has previously said it lacks authority to halt all permits for an entire industry. At a stop in Hemphill reported on 29 September 2026, Abbott said new data centers must provide their own power and that local communities should have authority to decide whether to allow them; KTRE reported that state permits for two proposed Angelina County projects, AmpZ and Hyper Data Grid, remain on hold.
n.a.
Vantage Westover Hills data center campuses (Rogers Road and Omicron Drive) and VoltaGrid on-site gas plants
litigation Suit and preliminary injunction motion filed 21 September 2026; defendants' opposed motions for extension of time filed 29 September 2026; notice of intent sent July 2026
Vantage Data Centers; VoltaGrid (power supplier) Federal court in San Antonio
On Monday 21 September 2026 the Environmental Integrity Project, the Sierra Club and Public Citizen filed a federal Clean Air Act lawsuit in San Antonio against Vantage and VoltaGrid over two Vantage data center campuses and the co-located gas-fueled power plants VoltaGrid built and manages. The groups allege the facilities should have obtained major source permits, with best available control technology, monitoring and public participation, before construction, instead of minor source permits, in an area that fails federal smog standards. The groups sent a notice of intent to sue in July 2026. The Rogers Road facility was partly operational before the first public hearing. The case is Public Citizen, Inc. and Sierra Club, Inc. v. Vantage Data Centers Management Company, LLC, Vantage Data Centers TX11, LLC, Vantage Data Centers TX21, LLC and VoltaGrid LLC, No. 5:26-cv-06032 in the U.S. District Court for the Western District of Texas, San Antonio Division (Judge Jason K. Pulliam, referred to Magistrate Judge Elizabeth S. Chestney), filed under the Clean Air Act citizen suit provision. With the complaint the plaintiffs filed a motion for a preliminary injunction. On 29 September 2026 the Vantage entities and VoltaGrid each filed opposed motions for more time to respond to the preliminary injunction motion, and Vantage also sought more time to answer the complaint; answers had been due 14 and 15 October 2026. The TX11 entity named in the suit is a San Antonio registration, not the Vantage Frontier campus in Shackelford County.
n.a.
Zydeco Development Hutto data center (450 Ed Schmidt Boulevard)
withdrawn Withdrawn before the 20 April 2026 commission meeting (reported 20 April 2026)
Zydeco Development City of Hutto Planning and Zoning Commission
Zydeco Development formally withdrew its request to rezone the site and amend the future land use map ahead of a special Planning and Zoning Commission meeting set for 20 April 2026, which was canceled. City staff had recommended against approval on 7 April 2026, and residents were organizing a formal protest that would have required a three-fourths council vote. KUT reported the withdrawal effectively ends the project.
n.a.
~1,800 projects in ERCOT interconnection
paused Aug 3 2026
multiple statewide
Gov. Abbott ordered PUCT and ERCOT to audit all data centers in the interconnection process before further approvals; non-compliant projects to be denied connection
n.a.
Financing

Financing transactions tied to Texas sites

Transactions the atlas ties to a named site in Texas: joint ventures, project bonds, credit facilities, leases and power agreements. Amounts are as stated; overlapping commitments are never summed.

PartiesInstrumentAmountDateSiteSources
Energy Capital Partners + KKR
The Energy Capital Partners-KKR partnership under which the roughly $4 billion Bosque County campus is being developed.
platform $50.0B 2025 ECP-KKR Bosque County campus
Anthropic + Lambda + Nvidia + Hut 8
Anthropic agreed a reported $35 billion cloud computing agreement with Lambda, a San Jose based cloud provider in which Nvidia is an investor. The capacity is reported to run through Hut 8's Beacon Point campus in Nueces County, Texas, a facility of six data halls totaling 352 MW of critical IT capacity, with Nvidia holding the underlying lease and Lambda installing Nvidia systems. Neither Anthropic nor Lambda has published the contract terms, and Hut 8's project bond disclosure names the tenant only as rated AA- or higher. Press coverage places Anthropic's cumulative cloud commitments announced in recent months at approximately $175 billion.
other ~$35.0B Reported 31 August 2026 by The Wall Street Journal and Bloomberg; widely reported 1 September 2026 Beacon Point data center
Tesla
Tesla told analysts it is securing debt facilities that could provide up to $30 billion of borrowing capacity to support robotaxis, Optimus, semiconductors, solar manufacturing and AI compute infrastructure. Q2 2026 capital expenditures were $5.789 billion, up 142% year over year, and 2026 capex guidance is more than $25 billion. The company reported negative free cash flow of $1.092 billion for the quarter
debt facility ~$30.0B Disclosed on the Q2 2026 earnings call, 22 July 2026 Cortex 1 and Cortex 2 AI training clusters, Gigafactory Texas
Crusoe + Blue Owl Capital + Primary Digital Infrastructure
The Abilene, Texas AI campus construction loan sits inside a $15B JV with Crusoe, Blue Owl Capital and Primary Digital Infrastructure.
jv equity $15.0B reported in Newmark 2025 outlook coverage Abilene, Texas AI campus
Nexus Data Centers + Morgan Stanley + Google + Anthropic
A Morgan Stanley-led bank group is lending about $15 billion to Nexus Data Centers for the Hubbard, Texas campus leased to Anthropic, with Google guaranteeing Anthropic's lease and power-payment obligations in exchange for a reported stake of about 20% in the project. DigitalToday, citing Cryptopolitan, reported the lenders planned to sell the debt into the bond market once funded, and Bloomberg reported Nexus may refinance the bank debt with high-yield bonds later in 2026 Eagle Point said on 19 August 2026 that its HoldCo loan completed the capital structure for the first Hubbard phase and allowed Nexus to reach final investment decision, and Bloomberg reported the $1.3 billion mezzanine piece sits within a roughly $16 billion package
construction loan ~$15.0B Reported 30 July 2026 by the Wall Street Journal, confirmed by CNBC; plan to sell the debt into the bond market reported 4 to 5 August 2026 Nexus Data Centers Hubbard AI campus (Anthropic anchor tenant)
Meta + BlackRock
Meta and BlackRock committed to fund pro rata shares of approximately $14 billion in total El Paso development costs. At financial close Meta contributes land and construction-in-progress assets valued at approximately $2.3 billion, BlackRock makes a cash contribution of approximately $4.9 billion, Meta receives a one-time distribution of approximately $1 billion to align the 80/20 ownership split, and Meta provides residual value guarantees with an aggregate threshold of approximately $13 billion that decreases over time.
jv equity ≥$14.0B Announced July 2026 El Paso AI data center
Nscale + Microsoft
Expanded Microsoft agreement covering approximately 200,000 Nvidia GB300 GPUs, including ~104,000 at a ~240MW Texas campus, with an option on a second 700MW Texas phase from late 2027. Nscale's Form S-1 filed 18 September 2026 states that statements of work entered with Microsoft between September 2025 and April 2026 provide for payments of up to approximately $43.8 billion through December 2033, not including optional extensions and subject to delivery and availability requirements; the figure spans all Microsoft work, including the Sines, Portugal campus, rather than the Texas campus alone.
other ~$14.0B deployment starting Q3 2026 Nscale Texas campus (Microsoft)
BlackRock
A portion of BlackRock's investment in the El Paso venture will be funded with proceeds from a $12.5 billion debt financing. Reported by the Financial Times (via GuruFocus on Yahoo Finance) on 24 July 2026: the BlackRock-owned vehicle's roughly $12 billion bond priced at yields above 7%, about 0.4 percentage points more than the Hyperion bonds, with maturity in 2048, rated A+ by S&P and AA- by Fitch and KBRA, and secured by 20 years of Meta rent payments beginning in 2028 Second source on pricing: IBTimes UK reported that the single tranche of amortizing notes, issued through the BlackRock-linked holding company Sopaipilla Investor, priced on 27 July 2026 at about $12.5 billion and a yield of about 7.5%, about 2.875 percentage points over 10-year Treasuries, with orders near $20 billion. JPMorgan and Morgan Stanley led the sale; the notes mature in 2048, are secured by 20 years of Meta rent beginning in 2028, and were rated A+ by S&P and AA- by Fitch. Meta contributed land and partly built assets worth about $2.3 billion and took a $1 billion distribution
debt facility $12.5B Announced July 2026 with the BlackRock venture; bond pricing reported 24 July 2026 by the Financial Times El Paso AI data center
Crusoe Energy + Blue Owl Capital + Primary Digital Infrastructure
Phase 2 funds six additional buildings to bring the Abilene campus to 1.2GW across eight buildings, each designed for up to 50,000 Nvidia GB200 NVL72s.
jv equity ~$11.6B May 21, 2025 Abilene Stargate campus (Crusoe / Blue Owl / Primary Digital JV)
Core Scientific + CoreWeave
A new 70MW contract at Denton took the CoreWeave relationship to approximately 590MW across six sites, with Denton site load of 260MW.
lease ≥$10.2B February 26, 2025 Denton HPC data center
Hut 8 + Undisclosed high-investment-grade tenant
Hut 8 signed a second 15-year lease for 352 MW of IT capacity at Beacon Point, doubling the tenant's contracted capacity to 704 MW and fully commercializing the 1,000 MW campus. The initial Phase 2 data hall is expected in Q2 2028. Hut 8 reported expected average annual NOI of $655 million for the second lease
lease ~$9.8B Announced 20 July 2026 Beacon Point data center
IREN + Microsoft
AI cloud agreement deploying Nvidia GB300 systems in four Horizon 1-4 phases totaling 200MW of critical IT load at Childress, Texas.
other ~$9.7B November 3, 2025 Childress campus (Horizon 1-4)
Riot Platforms + Undisclosed frontier AI lab
Riot signed a 20-year data center lease (through June 2048) with a leading frontier AI lab for 191 MW of critical IT capacity at its Rockdale campus. Delivery of 96 MW is expected by December 2027 and the full 191 MW by June 2028. Riot also disclosed a non-binding letter of intent for a proposed lease at its Corsicana facility. Bloomberg reported on 11 August 2026, citing people familiar with the matter, that the frontier AI lab tenant is Anthropic; Riot will build to the tenant's specifications and provide the building, power, cooling and operations while Anthropic supplies its own servers and chips. Riot has not named the tenant.
lease ~$9.1B Executed after 30 June 2026; announced 10 August 2026 Rockdale campus AI data center
Newmark (structuring) + Crusoe + Blue Owl Capital + Primary Digital Infrastructure
Newmark structured the $7.1B construction loan for the 1.2 GW Abilene, Texas AI campus, eight buildings targeting 1.4 GW by 2026.
debt facility $7.1B reported in Newmark 2025 outlook coverage Abilene, Texas AI campus
Fermi Inc. + TensorWave
Fermi's first tenant lease. The Form 10-Q for the quarter ended 30 June 2026 records no signed leases at the balance sheet date and discloses the definitive lease with its first tenant as a subsequent event dated 9 August 2026; the Q2 2026 earnings release identifies the tenant as TensorWave and states 222 MW of total facility power over 15 years for approximately $6.5 billion of contracted revenue. On 22 September 2026 Fermi announced that its subsidiary Fermi Campus 1 LLC and TensorWave TEX1, LLC signed a first amendment extending the lease closing date from 30 September 2026 to 31 October 2026, with all other terms unchanged. Fermi said the remaining work is to finalize the lease guaranty with its counterparty and that those discussions are ongoing.
lease ≥$6.5B 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 HyperGrid campus, Amarillo
IREN + Dell
Equipment purchases backing the Microsoft deployment.
other ~$5.8B announced with the Microsoft agreement, November 2025 Childress campus (Horizon 1-4)
Cipher Mining (now Cipher Digital) + Amazon Web Services
Cipher signed a 15-year lease with Amazon Web Services to provide turnkey space and power for AI workloads, delivering 300 MW of gross capacity with air and liquid cooling in two phases from July 2026 to the fourth quarter of 2026, with rent commencing in August 2026. Cipher's November 2025 investor presentation pairs the 300 MW Black Pearl facility with Amazon Web Services in its capacity chart; the Black Pearl site record describes the tenant as an undisclosed investment-grade hyperscaler.
lease ≥$5.5B Announced 3 November 2025 (Cipher third quarter 2025 business update, Form 8-K exhibits) Black Pearl Facility
Cipher Digital (Cipher Barber Lake LLC) + Fluidstack USA II Inc. + Unnamed leading AI lab
Cipher amended its Barber Lake lease with Fluidstack and entered a binding commitment with an unnamed leading AI lab to lease the facility for 10 more years after the Fluidstack term, on economic terms substantially consistent with the existing lease, extending contracted term to 20 years. The amendment adds tenant change orders, a phased data hall delivery from the fourth quarter of 2026 to the first quarter of 2027 (the September 2025 filing had targeted delivery by September 2026), and a cost framework under which Cipher bears the first $359.3 million of overruns above the initial budget and the tenant reimburses 50% of costs above that amount as additional rent.
lease ≥$5.2B Amendment and binding commitment signed 24 September 2026; announced 25 September 2026 (Form 8-K) Barber Lake data center
Hut 8 + Beacon Point DC LLC
Hut 8's wholly-owned subsidiary Beacon Point DC LLC priced a $4.25 billion private offering of 6.129% senior secured notes due 2042, described in the filing as a fully amortizing project financing that is non-recourse to Hut 8 Corp. Proceeds finance a turnkey data center of six data halls totaling 352 MW of critical IT capacity on an approximately 521-acre property in Nueces County, Texas, plus the substation on the property. The facility is to be leased to a tenant the filing states was rated AA- or higher as of the pricing date; the tenant is not named.
project bond ~$4.2B Priced 4 June 2026 Beacon Point data center
Galaxy Digital + Galaxy Helios Data Centers II LLC
Galaxy Digital's indirect wholly owned subsidiary Galaxy Helios Data Centers II LLC priced a $3.507 billion private offering of 9.875% senior secured notes due 1 August 2031. Proceeds finance a portion of the development and construction of two buildings containing eight data halls with a combined 400 MW of utility capacity and 260 MW of critical IT capacity on an approximately 260-acre property in Dickens County, Texas, and fund debt service reserves. The notes amortize at 4.00% per annum of original principal and are guaranteed by Galaxy Helios II LLC. Galaxy Helios Data Centers II LLC completed the $3.5 billion senior secured notes due 2031 offering on 28 July 2026 to fund construction of Helios I, Phase II
project bond ~$3.5B Priced 23 July 2026; offering completed 28 July 2026 Helios II data center (Dickens County)
Crusoe Energy + Blue Owl Capital + Primary Digital Infrastructure
Initial joint venture funding the Abilene first phase.
jv equity $3.4B phase 1 construction began June 2024 Abilene Stargate campus (Crusoe / Blue Owl / Primary Digital JV)
Rowan Digital Infrastructure
Rowan Digital Infrastructure closed nearly $3 billion of debt financing to support construction of its 300 MW turnkey hyperscale campus in Temple, Texas, under a Green Finance Framework rated Strong by Morningstar Sustainalytics. Lenders and arrangers were not named in the release.
debt facility $3.0B Closed 27 May 2026 Project Temple data center campus
Newmark (advisor) + OpenAI Stargate-tied Texas data center
Newmark advised on a $2.3B loan financing a Texas data center tied to OpenAI's Stargate.
debt facility $2.3B reported with Newmark's 2024 results Texas data center tied to OpenAI's Stargate
Black Pearl Compute LLC (Cipher Mining, now Cipher Digital) + Morgan Stanley
Black Pearl Compute LLC, a wholly owned indirect subsidiary of Cipher Mining, completed a Rule 144A and Regulation S offering of $2.0 billion of 6.125% Senior Secured Notes due 2031 on 11 February 2026, issued at par and guaranteed by Cipher Black Pearl LLC and 11786 Wink LLC. Proceeds finance the remaining cost of the Black Pearl high-performance computing data center in Wink, Texas, reimburse Cipher about $232.5 million of prior equity contributions, fund debt service reserves and pay fees. The notes were already referenced in the site record; this adds the transaction itself.
senior notes ~$2.0B Purchase agreement 4 February 2026; completed 11 February 2026 Black Pearl Facility
Nscale + J.P. Morgan + Goldman Sachs
Nscale closed a delayed draw term loan supporting approximately 200 MW of IT load at its Ward County, Texas deployment of NVIDIA GB300 and VR200 systems. J.P. Morgan was lead left arranger. The release did not name the offtaker
debt facility $1.9B Closed 31 August 2026 Nscale Texas campus (Microsoft)
Cipher Compute LLC (Cipher Mining, now Cipher Digital) + Morgan Stanley
Cipher Compute LLC, a wholly owned indirect subsidiary of Cipher Mining, completed a Rule 144A and Regulation S offering of $1.4 billion of 7.125% Senior Secured Notes due 2030 on 13 November 2025, issued at par under a purchase agreement dated 5 November 2025 and guaranteed by Cipher Barber Lake LLC, to finance a portion of construction costs. On 24 November 2025 it completed a further $333 million of additional notes of the same series under a purchase agreement dated 20 November 2025, with Morgan Stanley as sole initial purchaser. The two issues total $1.733 billion of one series.
senior notes $1.7B Initial $1.4 billion completed 13 November 2025; $333 million add-on completed 24 November 2025 Barber Lake data center
Nexus Data Centers + Eagle Point Credit Management + Morgan Stanley + Google + Anthropic (anchor tenant) + Transition Equity Partners
Eagle Point led a $1.3 billion HoldCo loan for Nexus Data Centers' 2,900-acre campus in Hubbard, Texas, completing the first-phase capital structure and taking the project to final investment decision. The campus has its own gas-fired generation, and Anthropic is the expected anchor tenant. Nexus is backed by Transition Equity Partners
debt facility ~$1.3B Announced 19 August 2026 Nexus Data Centers Hubbard AI campus
Flash Compute LLC + TeraWulf Inc. + Fluidstack (JV partner)
TeraWulf announced on 29 December 2025 the completion of a Rule 144A and Regulation S offering by Flash Compute LLC of $1.3 billion of 7.250% Senior Secured Notes due 2030, issued at par. Flash Compute sits under a joint venture holding company owned 50.1% by a TeraWulf subsidiary. Proceeds finance a portion of the construction cost of the Abernathy HPC Campus in Abernathy, Texas, and fund debt reserves, with the JV holding company providing a completion guarantee of up to $100 million. TeraWulf later agreed to sell its JV stake (see terawulf-abernathy-jv-stake-sale-fluidstack-2026).
senior notes $1.3B Purchase agreement 18 December 2025; completion announced 29 December 2025 Abernathy site (with TeraWulf)
CyrusOne + Calpine
Dedicated-generation agreement anchoring the DFW10 campus adjacent to the Thad Hill Energy Center in Bosque County, Texas.
ppa $1.2B announced July 30, 2025; expected operational by Q4 2026 CyrusOne DFW10 campus (Thad Hill Energy Center)
TeraWulf Inc. + Morgan Stanley + Cantor Fitzgerald
TeraWulf completed a Rule 144A offering of $1.025 billion of 0.00% Convertible Senior Notes due 2032 on 31 October 2025, including $125.0 million issued under the initial purchasers' option, at 100% of principal for net proceeds of about $999.7 million. The company said it intends to use the proceeds to fund a portion of the construction cost of a data center campus in Abernathy, Texas, among other purposes.
convertible ~$1.0B Purchase agreement 29 October 2025; completed 31 October 2025 Abernathy site (with TeraWulf)
SB Energy + SoftBank
SB Energy issued $999.0 million aggregate principal amount of 8.875% senior secured notes due 2031 in May 2026 to finance the Cosmos Technology Campus in Travis County, Texas, a facility of approximately 50 MW of critical IT capacity. One of the company's parent entities provided a completion guaranty for the benefit of the noteholders and the tenant. The campus is leased for a 15-year initial term to an affiliate of SoftBank on a triple-net basis with 100% operating expense pass-through and rent set as a percentage return on total project cost with annual escalators and limited tenant termination rights; expected aggregate rent over the initial term is approximately $2.5 billion.
senior notes $999M Issued May 2026, disclosed in the Form S-1 filed 1 September 2026 Cosmos Technology Campus
Fermi Inc.
Fermi Inc. listed on Nasdaq under FRMI. The FY2025 shareholder letter records net IPO proceeds of $745.6 million as part of approximately $1.8 billion of capital assembled in the period.
equity raise $746M Priced 1 October 2025 HyperGrid campus, Amarillo
MARA Holdings + Volt Texas, LLC + HIF USA LLC
MARA subsidiary Volt Texas acquired MAT 1177 LLC from HIF USA, which holds land rights of more than 1,200 acres in Matagorda County, Texas and a utility power agreement for 2,000 MW. HIF retains a minority interest upon execution of a lease with an HPC tenant. MARA plans to develop the site with Starwood Digital Ventures. On 21 September 2026 Volt Texas, HIF USA and MARA USA Corporation signed a First Amendment to the purchase agreement. Volt Texas posted a $100.0 million security deposit with the electric utility for the site's power capacity, which it may elect to withdraw. The amendment restructures the regulatory milestone payments into two installments, due on successful conclusion of an audit of the data center project by Texas regulatory authorities and on the buyer's election to proceed after the interconnection study, and raises the maximum payments tied to the site being authorized to receive power. The maximum aggregate purchase price stays at $600 million. The return or reconveyance provisions are removed; if certain trigger events tied to the audit or a decision not to proceed occur, the parties will market the project to a third party, subject to a right of first offer for HIF.
acquisition $600M Agreement signed and closed 2 July 2026; announced 9 July 2026; First Amendment signed 21 September 2026 (Form 8-K filed 25 September 2026) Matagorda County powered land site
Riot Platforms + Riot DC Logistics, LLC + Morgan Stanley Senior Funding, Inc.
Riot subsidiary Riot DC Logistics, LLC entered a $573.0 million senior secured delayed-draw term loan with Morgan Stanley Senior Funding as administrative agent to fund long-lead equipment for the 191 MW Rockdale data center. The loan is secured by substantially all assets of the credit parties with no recourse to Riot Platforms. Riot described it as interim financing while an investment-grade credit backstop is finalized
debt facility $573M Credit agreement dated 10 August 2026 Rockdale campus AI data center
TeraWulf + Fluidstack
TeraWulf agreed to sell its 50.1% interest in the Abernathy joint venture to an investor group led by Fluidstack. The Abernathy campus in Abernathy, Texas, has 168 MW of critical IT load
acquisition ~$530M Announced 6 July 2026; cash consideration disclosed 5 August 2026; closing date not disclosed Abernathy site (with TeraWulf)
Fermi Inc. + MUFG
A $500 million non-recourse turbine equipment loan arranged with MUFG. Fermi's Form 10-Q reports total debt of $536.9 million at 30 June 2026 across a Turbine Warehouse Equipment Financing of $444.9 million, a High Voltage Equipment Financing of $77.3 million and a Turbine Warehouse II Equipment Financing of $14.7 million.
debt facility $500M Disclosed in the FY2025 shareholder letter HyperGrid campus, Amarillo
Fermi Inc.
Fermi issued more than $431 million of 5.00% Convertible Senior Notes due 2031, reporting net proceeds of $416.8 million before the cost of capped call transactions.
convertible ≥$431M Disclosed in the Q2 2026 earnings release, 13 August 2026 HyperGrid campus, Amarillo
Compass Datacenters + Wilmington Trust + KeyBank
Compass closed a $326M refinancing on five Red Oak, Texas facilities with Wilmington Trust and KeyBank, across 5 data centers and 180 MW.
debt facility $326M maturing 2050 Compass Red Oak facilities
Fermi Inc. + CSG + Beal Bank
A $165 million equipment financing provided through CSG and Beal Bank.
debt facility $165M Disclosed in the FY2025 shareholder letter HyperGrid campus, Amarillo
Meta + Crusoe
With Oracle and OpenAI dropping plans to expand the flagship Abilene Stargate site, Meta is in talks to pick up Crusoe capacity and reportedly paid a $150 million deposit to Crusoe to secure the site.
other ~$150M Reported after the Abilene expansion was dropped Stargate flagship campus, Abilene (Crusoe/Lancium Clean Campus)
Fermi Inc. + Keystone + Cape
A $120 million transformer financing facility, expandable to $220 million, for high-voltage equipment at the HyperGrid campus.
debt facility $120M Disclosed in the FY2025 shareholder letter HyperGrid campus, Amarillo
New Era Energy & Digital (TCDC PowerCo LLC, Texas Critical Data Centers LLC) + Macquarie Bank Limited + Macquarie Equipment Capital Inc.
On 7 October 2026 New Era subsidiaries TCDC PowerCo LLC and Texas Critical Data Centers LLC entered a Letter of Credit Reimbursement Agreement with Macquarie Bank Limited, which caused a $116.0 million standby letter of credit to be issued to Luminant ET Services to secure PowerCo's obligations under the 20-year Luminant PPA for the Texas Critical Data Centers project. Drawings bear 12% interest; fees are a 1.00% fronting fee and 2.00% a year. The collateral was funded partly by a $60.0 million draw under TCDC's existing Macquarie term loan, for which New Era issued the lender warrants for 413,055 shares at about $7.26; New Era expects to refinance the term loan borrowings soon. The filing also says New Era has begun pursuing leases with hyperscale tenants for the project.
debt facility ~$116M Entered 7 October 2026 (Form 8-K filed 8 October 2026) Texas Critical Data Centers (TCDC)
Fermi Inc.
Preferred Units issued before the initial public offering, raising $107.6 million.
preferred $108M Pre-IPO, disclosed in the FY2025 shareholder letter HyperGrid campus, Amarillo
Bitdeer Technologies Group
Bitdeer completed the acquisition of approximately 200 acres of greenfield property in Milam County, Texas for total consideration of approximately $100 million paid in cash. The parcel adjoins the existing Rockdale facility and was formerly part of an Alcoa aluminum smelting plant. Bitdeer states that following the transaction it owns or operates approximately 255 acres and 742 MW of existing and pipeline power capacity in Milam County, against approximately 563 MW of interconnected grid capacity today.
acquisition ~$100M Announced 1 September 2026 Rockdale AI/HPC campus (Milam County)
Fermi Inc. + Macquarie
A $100.0 million term loan from Macquarie, recorded in Fermi's FY2025 shareholder letter among the financings assembled before the initial public offering.
debt facility $100M August 2025 HyperGrid campus, Amarillo
New Era Energy & Digital + Mizuho Securities USA + B. Riley Securities + Northland Securities + Texas Capital Securities + BTIG + Roth Capital Partners
New Era Energy & Digital entered an at-the-market sales agreement for up to $100 million of common stock. The accompanying disclosure says the company is negotiating directly with multiple potential tenants, including one of the world's largest consumers of AI infrastructure, as anchor tenant for its flagship Texas Critical Data Centers project, and flags that the 21 September 2026 Texas directive halting TCEQ permits for data centers (at-risk row 769) may delay permits for TCDC.
equity raise $100M Sales agreement entered 24 September 2026 (Form 8-K) Texas Critical Data Centers (TCDC)
Riot Platforms + Advanced Micro Devices (AMD)
Riot Platforms announced on 16 January 2026 the fee simple acquisition of the 200 acres in Milam County, Texas, on which it had operated under a ground lease, for total consideration of $96.0 million funded by selling about 1,080 bitcoin. It also signed a Data Center Lease and Services Agreement with AMD at Rockdale for an initial 25 MW of critical IT load delivered in phases from January to May 2026, with potential expansion to 200 MW. The Rockdale site has a 700 MW grid interconnection, and Riot cites 1.7 GW of approved power across Rockdale and Corsicana.
acquisition ~$96M Announced 16 January 2026 (Riot release, Form 8-K Exhibit 99.1) Rockdale campus AI data center
Stream US Data Centers + Plug Power
Stream agreed to buy Plug Power's former Limestone hydrogen project site in Graham, Young County, Texas, with 164 MW of grid interconnection assets. The same day Plug and Stream amended the February 2026 agreement for Plug's Genesee County, New York Gateway property, fixing the price at $142 million and extending the outside closing date to 31 March 2027. Stream is owned by Apollo
acquisition $76M Agreements signed 9 July 2026; disclosed 13 July 2026 Stream Data Centers Graham site (former Plug Power Limestone project)
Fermi Inc.
Series A Convertible Notes of $75.5 million and Seed Convertible Notes of $26.1 million issued before the initial public offering.
convertible $76M Pre-IPO, disclosed in the FY2025 shareholder letter HyperGrid campus, Amarillo
Soluna Holdings + Briscoe Wind Farm (seller not named)
Soluna Holdings closed a $53 million acquisition of the Briscoe Wind Farm in Briscoe County, Texas, with potential generation capacity of up to 300 MW, to supply power to its Project Dorothy data center campus.
acquisition $53M Closed Thursday 2 April 2026 (CoinMarketCap Academy, published 3 April 2026; single outlet) Project Dorothy 3
Poolside + CoreWeave
CoreWeave ended the 2GW Project Horizon deal, with power procurement challenges cited at the campus.
lease n.a. partnership October 2025; deal later ended Project Horizon (Longfellow Ranch)
Constellation + CyrusOne
Calpine LLC, a Constellation business unit, signed a 380 MW agreement with CyrusOne on 9 February 2026 to connect and serve a new data center adjacent to the Freestone Energy Center in Freestone County, Texas, and entered an exclusive agreement to provide power, grid connectivity and site infrastructure for a Phase 2 of an additional 380 MW. The agreements are in addition to 400 MW of Calpine-CyrusOne agreements at the Thad Hill Energy Center in Bosque County, Texas.
ppa n.a. reported February 9, 2026 CyrusOne Freestone County campus (Freestone Energy Center)
Northampton Capital Partners + Provident Data Centers
Northampton Capital Partners LLC formed a joint venture with Provident Data Centers, a division of Dallas-based Provident, to develop a turnkey data center with 54 MW of critical capacity on a 74 MW site in the North Dallas Corridor, for delivery in late 2027. No investment amount was disclosed. The parties state they have agreed a framework to continue the partnership developing inference-ready data center sites in top tier markets across the United States.
jv equity n.a. Announced 3 September 2026 North Dallas Corridor turnkey data center
ACS Group + Global Infrastructure Partners + BlackRock + Coravel
ACS and GIP launched Coravel as a 50-50 data center platform with a 1.7 GW development portfolio (1.2 GW IT) across Europe, the United States and Australia. Its first long-term hyperscaler agreement covers about 140 MW across three facilities on a Dallas-Fort Worth campus, with rights to about 100 MW more and service dates through 2028
jv n.a. Announced 15 July 2026 Coravel Dallas-Fort Worth campus
CoreWeave + EdgeConneX + Bastrop County
CoreWeave will lease Building 1 at EdgeConneX's Cedar Creek campus in Bastrop County, Texas, according to county tax abatement records reported by Community Impact. State records list the building as AUS02 with an estimated cost of $440 million
other n.a. Reported 27 July 2026 EdgeConneX Cedar Creek campus (AUS02)
New Era Energy & Digital (TCDC PowerCo LLC) + Luminant ET Services Company LLC (Vistra)
On 18 September 2026 New Era Energy & Digital subsidiary TCDC PowerCo LLC signed a 20 year power purchase agreement with Luminant ET Services Company, a Vistra affiliate, for a minimum of 200 MW and up to 207 MW from Vistra's 1,180 MW gas fired plant in Odessa, Texas, to serve Phase 1 of the Texas Critical Data Centers project, with power expected in the third quarter of 2027. New Era must post a $116.0 million letter of credit and up to $82.8 million of additional security. Under a concurrent development framework agreement Vistra will receive a 5 percent non voting interest in the powered portion of the project once deliveries begin, a right of first refusal from April 2028 on future onsite generation at the site and a right of first offer on certain other New Era projects. The contract price was not disclosed.
ppa n.a. Signed 18 September 2026; announced and Form 8-K filed 21 September 2026 Texas Critical Data Centers (TCDC)
Galaxy Digital + CoreWeave
CoreWeave signed a 15-year, 133 MW critical IT lease at Galaxy's Helios campus in Dickens County, Texas on 28 March 2025, then exercised options and executed a Phase II lease, committing to the full 800 MW of approved gross power: Phase I 133 MW critical IT (about 200 MW gross, first half 2026), Phase II 260 MW (about 400 MW gross, 2027) and Phase III 133 MW (about 200 MW gross, 2028), 526 MW critical IT in total. Galaxy said the leases are expected to produce more than $1 billion of average annual revenue.
lease n.a. Initial 15-year lease 28 March 2025; final option exercised and Phase II lease executed in the third quarter of 2025 (Galaxy releases of 5 August 2025 and 21 October 2025) Helios II data center (Dickens County)
Policy context

What governs a data center in Texas

Texas (statewide audit-gated pause)state
Gov. Abbott ordered PUCT and ERCOT on 3 August 2026 to audit all data centers in the interconnection process before further approvals; non-compliant projects to be denied connection; ~1,800 projects affected. On 21 September 2026 he directed TCEQ to halt all permits sought by data centers until the ERCOT audit is complete, with a TCEQ compliance update due 19 October 2026, and said no state agency shall move forward with regulatory approvals related to data center development until the audit information is acquired. SB6, signed June 20, 2025, sets a 75 MW threshold and co-location rules for pre-September 1, 2025 generation.
Texas paused grid approvals statewide pending audits of roughly 1,800 projects in the ERCOT interconnection process. Local actions include Harlingen (May 2026), San Marcos restrictive zoning (Feb 2026), a proposed Denton pause (Jun 2026), and Fort Worth and Taylor proposals; Hood County rejected a construction pause while Hill County paused rural construction for a year before rescinding under a federal suit. On 21 September 2026 the governor extended the pause to environmental permits, directing TCEQ to issue no permits sought by data center projects until the ERCOT and Texas Water Development Board audits are complete. Houston Public Media reported that the August pause had reached only ERCOT connections of 75 MW or more, leaving out smaller projects and those building their own power plants, and that the TCEQ halt covers permits such as river water use and on-site power plants. On 24 September 2026 Attorney General Ken Paxton announced an ongoing investigation of hundreds of data center developments that have not responded to the Texas Water Development Board's mandatory water use survey, with initial investigations in Harris, Montgomery, Travis, Dallas, Tarrant, Smith, Bexar, Tom Green, Potter, Randall, Lubbock, Midland, Ector, Wichita, Victoria, Brazos, Nueces and El Paso counties. Under state law, entities that fail to submit the survey lose eligibility for TWDB financial assistance and water rights permits. A TCEQ Air Permits Division email reported by the San Antonio Current on 29 September 2026 says the agency has paused all air and water permits and authorizations related to construction or development of infrastructure directly supporting data centers until the ERCOT audit is complete, and confirms the Pacifico Energy campus near Cedar Creek in Bastrop County is on hold. On 14 September 2026 ERCOT issued a State and Community Impact Request for Information (Market Notice M-B091426-01) to developers of data centers of 25 MW or more pursuing interconnection to the ERCOT system, including Batch Zero projects not yet energized, covering public financial assistance and tax benefits, grid dependency and on-site generation, water sources and consumption (developed with the Texas Water Development Board), cooling technology, noise, light and traffic, and ownership. Responses are due 12 October 2026, and ERCOT and the PUCT plan to publish a report on or before 10 December 2026.
Texas (PUCT co-location ruling and Batch Zero continuation)state
PUCT approved net metering for a 260 MW data center co-located with a roughly 265.5 MW wind farm in Hutto on 23 July 2026 (Docket 59220), conditioned on curtailing full load within 30 minutes in grid emergencies. On 20 August 2026 the PUCT approved exceptions letting ERCOT continue Batch Zero under a revised schedule; ERCOT targets a 10 December 2026 audit filing
The co-location approval covers a Crusoe-developed facility operated by Ensign, bars participation in paid demand response tied to the arrangement, and allows physical breaker disconnection if needed. Following the governor's 3 August audit directive, ERCOT said about 300 data centers of 75 MW or more are in Batch Zero, the study will miss its 9 April 2027 deadline, and operators including Skybox, Mara, Digital Realty, QTS, Compass, Montera and Hut 8 committed to the governor's standards
Texas (ERCOT Batch Zero conditional classification and first 765-kV approval)state
Batch Zero covers large-load interconnection requests in ERCOT; the 765-kV lines are part of the Permian Basin Reliability Plan
ERCOT completed a conditional classification of 362 large-load interconnection requests totaling 191.8 GW, listing 204 projects and 66.4 GW as base load eligible for Batch Zero. On 28 August 2026 the PUCT approved Oncor's applications and final routes for the state's first two 765-kV lines, from Somervell County to Howard County and from Howard County to near the Culberson-Reeves county line, projected at $14 billion as the first part of a planned $33 billion statewide expansion, over landowner opposition and calls from lawmakers to pause transmission planning; it delayed a decision on a Hill Country line.
Texas (PUCT large load interconnection standards, 16 TAC 25.194)state
Applies to large loads of 75 MW or more. Order adopting new 16 TAC 25.194 filed 18 September 2026 in Project No. 58481 (rulemaking to implement large load interconnection standards under PURA 37.0561); Texas Register acknowledgement lists an effective date of 8 October 2026. Conditions interconnection, not a moratorium
The Public Utility Commission of Texas adopted final large load interconnection standards at its 18 September 2026 open meeting. Compared with the March 2026 proposal, the final rule drops the proposed non-refundable interconnection fee of $50,000 per MW of contracted peak demand and replaces tiered study fees with a flat $100,000 study fee. Reporting from Hearst Texas says developers must post a security deposit of $50,000 per MW of requested capacity before an interconnection study begins, show site control through ownership or lease, and disclose load-ramping schedules and expected water use; if a request is withdrawn after capacity is allocated, 20% of the security is retained. Utility Dive reports the final rule lengthens the trigger for notifying ERCOT of non-utilized capacity to 24 months behind the energization schedule as a whole (from six months per milestone in the proposal), after which the utility applies the security to amounts owed and returns the balance. Utility Dive puts ERCOT's large load queue at 474 GW, about 90% data centers.
Texas (Xcel Energy large-load tariff filing at the PUCT)state
Proposed tariff for data centers and other large loads in Xcel Energy's Texas Panhandle and South Plains territory (outside ERCOT); filed 28 September 2026, pending PUCT approval; MW threshold not stated in the fetched source
On 28 September 2026 Xcel Energy submitted a large-load tariff proposal to the Public Utility Commission of Texas setting terms under which data centers and other large users would pay for the transmission, substations, interconnection upgrades and new generation needed to serve them. It would require long-term commitments, typically 15 years or more, backed by financial security if a project is delayed, scaled back or not completed, minimum monthly payments while usage ramps, and exit fees to recover project-specific infrastructure costs. Xcel said it expects to file a similar tariff with the New Mexico Public Regulation Commission soon.

The policy layer for Texas lives in three companion references: the Texas Data Center Moratorium Tracker for every state measure and local moratorium on record, the Water Tracker for the water rules that touch a site, and the Grid Operator Watchlist for the large-load rules of the RTO or utility that decides whether it can energize.

On the map

Data centers in Texas

The US Data Center Map identifies 446 facilities run by 125 operators in Texas, each one placed from primary sources and listed by city and by operator, with this atlas record beside it.

Sources

Sources for Texas

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

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.

Have a specific address? Site Intelligence reads all seven references against one location, county, utility and grid operator included, and cites every finding.
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