Industry news

Buildouts, financing, power and operating milestones, with original sources.

Updated Oct 17 · 12:08 PM UTC 45-day coverage window Coverage

Showing 33 of 33 events · Dates in UTC

Credit Facility

Hut 8 Expands Corporate Liquidity with $1.07 Billion Senior Secured Revolving Credit Facility

U.S. Securities and Exchange Commission reported a credit facility involving Hut 8. The source states reported value $1.07 Billion.

Capital
$1.07 Billion
Instrument
credit facility
Project Announcement

Crusoe Developing Data Center Campus in Armstrong County, Texas

Crusoe says it is the developer of Google's data center campus under construction in Armstrong County, outside Amarillo. Construction began in June 2025, and Crusoe reports more than 5,500 skilled workers on site daily. The campus connects to an adjacent wind farm that is operating and a second that is under construction.

Google campusConstruction underwayWind power
Equity Financing

Crusoe Raises $3.9 Billion Series F for its Vertically-Integrated AI Infrastructure Platform

Crusoe reported an equity financing involving Crusoe. The source states reported value $3.9 Billion.

Announced
Capital
$3.9 Billion
Credit Facility

Vantage Secures $2B Credit Facility, Expanding Financing to Support Growing Demand

Vantage Data Centers reported a credit facility involving Vantage Data Centers. The source states reported value $2B.

Closed
Capital
$2B
Instrument
credit facility
Joint Venture

Digital Realty Enters Türkiye Through Formation of New Joint Venture

Digital Realty reported a joint venture involving Digital Realty.

Announced
Instrument
joint venture
Operations Start

Crusoe Opens Second Tulsa Manufacturing Facility, Expanding Production of Critical AI Infrastructure Components

Crusoe reported an operations start involving Crusoe.

Operational
Construction Milestone

Edged US Celebrates Topping Out of OMA01-1 and OMA01-2 in Council Bluffs

Edged US reported a construction milestone involving Edged US.

Under Construction
Groundbreaking

Aligned Data Centers and Shippingport Community Mark Revitalization of Legacy Energy Site with Groundbreaking of 2 GW “Project Phoenix” Campus

Aligned has broken ground on a three-facility campus at a former industrial site in Shippingport, Pennsylvania. The company plans dedicated onsite power and estimates 3,000 construction jobs and 640 ongoing campus roles; these are forecasts, not open positions.

Campus constructionOnsite powerWorkforce forecast
Capacity
2 GW
Explicit labor signal · 0-90dThe source explicitly identifies construction jobs or named skilled trades.
Partnership

Palantir and Nebius partner to deliver a complete sovereign AI stack to Palantir customers

Palantir plans to integrate Nebius compute and inference into its sovereign AI offering for commercial customers. The partnership also targets faster capacity delivery through modular data centers at sites with available power.

Sovereign AIModular data centers
Acquisition

Vertiv Announces Agreement to Acquire UtilityInnovation Group to Accelerate Time to Power for AI Data Centers

Vertiv agreed to acquire UtilityInnovation Group to add microgrid controls and onsite power capabilities. The transaction is expected to close in Q4 2026, subject to regulatory approvals and other closing conditions.

MicrogridsOnsite powerPending acquisition
Instrument
acquisition
Credit Facility

Core Scientific secures $600 million in credit facilities

The committed facilities include a $100 million revolving line and a $500 million letter-of-credit facility that can support project obligations under utility agreements.

Closed
Capital
$600M committed facilities
Instrument
Senior secured revolving and letter-of-credit facilities
Power Agreement

Kentucky PSC Approves 482 MW Power Agreement for TeraWulf’s Justified Data Campus

TeraWulf reports Kentucky approval of an electric-service agreement for its redevelopment of the former Hawesville aluminum site. The agreement assigns project-specific infrastructure and power-delivery costs to TeraWulf and authorizes Big Rivers and Kenergy to implement its terms. Approval does not establish that the campus is energized.

Power agreement approvedIndustrial-site reuseUtility infrastructure
Capacity
482 MW electricity supply
Debt Financing

Nebius Group announces closing of private offering of convertible senior notes, with aggregate gross proceeds of approximately $5.75 billion

The convertible-note offering closed after purchasers exercised their additional allocation options. Nebius intends to use proceeds for data center construction, its AI cloud platform, GPUs and other corporate purposes.

Offering closedConvertible notesInfrastructure funding
Capital
$5.75 billion
Instrument
debt financing
Debt Financing

Nebius Group announces pricing of upsized private offering of $5.0 billion of convertible senior notes

Nebius increased the size of its proposed financing and priced two convertible-note series due in 2030 and 2034. At this announcement, settlement was expected on August 24, subject to closing conditions; pricing was not confirmation of completion.

Offering pricedConvertible notes
Capital
$5.0 billion
Instrument
debt financing
Power Agreement

QTS signs 48 MW solar power agreement for Irving, Texas data centers

ENGIE announced a 48 MWac power purchase agreement with QTS for its Irving data center operations, supplied through ABEI Energy's Lubio Solar project in Kaufman County.

Closed
Capacity
48 MWac
Instrument
Solar power purchase agreement
Acquisition

Core Scientific closes Muskogee power acquisition

The $444 million Polaris DS acquisition adds approximately 440 MW of in-service grid-connected power and supports Core Scientific's plan to scale its Muskogee campus to 1.5 GW of gross power.

Closed
Capital
$444M
Capacity
440 MW acquired; 1.5 GW gross target
Instrument
Acquisition
Project Announcement

Amazon plans Pecos County data center campus

Amazon announced a Pecos County campus powered initially by new onsite generation, with a planned transition to grid service; the company says the project is expected to create thousands of new jobs.

Announced
Supply Constraint

CoreWeave Signs Multi-Year Agreement With Solidigm to Strengthen Its Integrated AI Cloud Platform

A multi-year agreement gives CoreWeave priority access to Solidigm enterprise SSD capacity as AI storage demand grows. The arrangement addresses component supply for its cloud platform, rather than announcing a new campus or a local hiring program.

Storage supplyEnterprise SSDsMulti-year agreement
Partnership

Leidos and CoreWeave collaborate to accelerate delivery of AI capabilities for defense, national security and intelligence missions

CoreWeave and Leidos plan secure AI cloud services for U.S. defense and intelligence workloads. CoreWeave brings its AI platform, while Leidos leads mission integration and secure architecture.

Federal AISecure cloudMission integration
Partnership

Crusoe and Aalo Atomics form strategic partnership with goal of deploying first nuclear-powered AI factory

The partners target a nuclear-powered Crusoe Spark modular data center proof of concept in 2027, with larger deployments intended by the end of 2029. These are development targets, not evidence of an operating nuclear-powered AI campus.

Nuclear powerModular data centersDevelopment targets
Securitization

Aligned Data Centers Completes $1.18 Billion Securitization Financing

The asset-backed financing is supported by four Aligned campuses and their customer contracts. Proceeds are intended for the development pipeline, refinancing upcoming debt maturities and required reserves.

Asset-backed financingDevelopment funding
Capital
$1.18 Billion
Instrument
asset-backed securities
Capacity Expansion

Hut 8 doubles contracted capacity at Beacon Point

A second 15-year, 352 MW IT lease brings contracted capacity at the Nueces County campus to 704 MW. Site preparation is underway and initial energization remains scheduled for Q1 2027.

Closed
Capital
$19.6B base-term campus value
Capacity
704 MW contracted IT
Instrument
15-year AI leases
Project Announcement

Crusoe and Lancium announce 1 GW Childress campus

The 270-acre Texas campus is scheduled to begin construction in Q3 2026, with thousands of construction jobs and more than 100 permanent positions expected.

Announced
Capacity
1 GW
Explicit labor signal · 0-90dThe announced construction schedule includes thousands of construction jobs and more than 100 permanent positions.
Hiring Signal

QTS commits $5 million to eastern Iowa trades training

The program expands skilled-trades education, pre-apprenticeships, and union apprenticeship capacity across Cedar Rapids and eastern Iowa.

Announced
Capital
$5M workforce grant
Explicit labor signal · nowFunding supports trades education, pre-apprenticeship, and union apprenticeship capacity across eastern Iowa.
Debt Financing

Hut 8 closes $4.25 billion Beacon Point construction financing

The project-level offering finances Beacon Point and brings Hut 8's cumulative investment-grade construction financing across Beacon Point and River Bend to $7.5 billion.

Closed
Capital
$4.25B
Instrument
6.129% senior secured notes due 2042
Groundbreaking

Meta breaks ground on $1 billion Tulsa data center

The AI-optimized campus is expected to support approximately 1,000 construction jobs at peak and about 100 operational roles after completion.

Under Construction
Capital
$1B+ planned investment
Explicit labor signal · nowThe project is under construction and is expected to employ approximately 1,000 construction workers at peak.
Project Announcement

Crusoe announces 900 MW Abilene AI campus for Microsoft

The adjacent two-building campus includes dedicated onsite generation. Site preparation is underway and the first building is targeted for mid-2027 energization.

Under Construction
Capacity
900 MW
Explicit labor signal · nowSite preparation is underway, with thousands of additional construction jobs expected in the Abilene region.
Contract Award

Meta reports $875 million in Louisiana contracts at Hyperion

One year after groundbreaking, the Richland Parish buildout had supported 3,700 construction workers and was expected to reach a 5,000-worker peak in June 2026.

Under Construction
Capital
$875M in Louisiana contracts
Operations Start

Crusoe brings the first phase of Stargate Abilene online

The first two buildings were energized within a year of construction beginning, with early training and inference workloads operating on Oracle Cloud Infrastructure.

Operational
Capacity
1.2 GW planned campus
Project Announcement

QTS announces $10 billion Cedar Rapids campus

The 612-acre campus is planned for up to seven buildings and more than 2,000 construction and permanent jobs at the Big Cedar Industrial Center.

Announced
Capital
$10B planned investment
Explicit labor signal · 3-12mThe campus plan calls for more than 2,000 construction and permanent jobs.
Project Announcement

Google announces $7 billion Iowa infrastructure investment

The program includes a new Cedar Rapids data center, expansion in Council Bluffs, and funding intended to expand Iowa's electrical workforce pipeline.

Announced
Capital
$7B Iowa investment
Explicit labor signal · 3-12mThe announced investment includes funding intended to expand Iowa's electrical workforce pipeline.