AirTrunk secures $1.75bn green loan to fund data center development in Singapore
AirTrunk has secured a landmark S$2.25 billion (US$1.75bn) green loan to fund the development of its new hyperscale data center in Singapore, AirTrunk SGP2. The company noted that this represents the largest loan and green loan ever raised for a data center in Singapore. Founder and CEO Robin Khuda said the deal “strengthens AirTrunk’s leadership in sustainable finance and reflects strong market confidence in AirTrunk’s growth and sustainability strategy.”
The financing comes as Singapore begins easing its moratorium on new data center developments, with AirTrunk, Equinix, Microsoft, and GDS/DayOne collectively allocated 80MW of capacity. Crédit Agricole CIB’s Jasmine Zhang said the facility “sets a new benchmark for responsible infrastructure development in Asia,” highlighting its innovative loan structure with the potential to convert into a sustainability-linked loan in the future.
Compass Datacenters proposes 333-acre campus in Statesville, North Carolina
Compass Datacenters has proposed a 333-acre data center campus in Statesville, North Carolina, which would be its second campus in the state. The company shared details of the project with local residents during a meeting on August 14, a required step before rezoning can be considered by the planning board and city council. Located on land owned by the Stamey Land Company, the development would feature five data center buildings totaling 1.34 million sq ft (124,490 sqm) and be powered by a nearby Duke Energy substation. Compass noted that the facility will use air cooling to reduce water consumption.
Plans will be posted on the city of Statesville website on August 19, with the proposal to be reviewed by the Planning Board on August 26, followed by City Council meetings on September 15 and October 6. JLL is marketing the site as a “strategic data center campus opportunity” with up to 500MW of power capacity. Compass already operates a fully leased campus in Raleigh. The proposal follows Tract’s recent withdrawal of plans for a 400-acre data center project in nearby Mooresville, highlighting the Charlotte area’s growing role as North Carolina’s largest data center market.
Yondr expands into Texas, plans 550MW data center in Dallas
Yondr Group is expanding into Texas with plans for a 550MW data center campus in Dallas. The company, owned by DigitalBridge, announced it has acquired a 163-acre site in Lancaster, just south of Dallas, to develop the project. This marks Yondr’s first US expansion under new CEO Aaron Wangenheim, appointed in July, and only its second project in the country. The company also said it is in “advanced discussions” for additional sites in several tier 1 US metros, while continuing its growth in Europe.
“The US is a key market for Yondr’s next phase of growth, and Dallas is one of the largest and fastest-growing data center markets in the world. This investment in Dallas is just the beginning,” said Wangenheim, noting the backing of DigitalBridge and La Caisse. Yondr currently operates campuses across Europe, Asia, and North America, including Virginia, Canada, the UK, Malaysia, Indonesia, Japan, Germany, and the Netherlands.
Applied Digital plans 280MW AI data center campus in North Dakota
Applied Digital has unveiled plans for Polaris Forge 2, a $3 billion, 280MW AI data center campus outside Fargo, North Dakota. The 900-acre site, located near Harwood in Cass County, will feature Applied’s liquid-cooled design and is set to break ground in September 2025, with initial capacity coming online in 2026 and full build-out expected by early 2027. Power for the facility will be provided by Cass County Electric Cooperative. CEO Wes Cummins said, “Polaris Forge 2 represents the next stage in Applied Digital’s rapid growth and our position as a leader in delivering high-performance AI infrastructure,” adding that the company is in “advanced negotiations with a US-based investment-grade hyperscaler” for the new site.
The company already operates a major facility in Ellendale, North Dakota – Polaris Forge 1 – originally built for cryptomining but now being repurposed for AI and HPC in partnership with CoreWeave. That site supports 400MW of IT load with potential to expand beyond 1GW. Applied also runs a 106MW facility in Jamestown, is planning a 200MW project in Iowa, and is eyeing South Dakota for future growth. Governor Kelly Armstrong welcomed the new investment, saying it highlights Applied’s role as a positive corporate citizen contributing to North Dakota’s economy and rural communities.
Large data center campus proposed in Lancaster area of Dallas, Texas
A new large-scale data center development, known as Project Labrador, has been proposed on 419 acres at 1401 Greene Road in Lancaster, Texas. Plans call for five two-story data center buildings and four substations, totaling about 1.07 million sq ft (99,406 sqm) of space, with the potential to go live by 2030. A previous site plan, already recommended for approval by the Lancaster planning and zoning commission, featured two data centers and one substation. A related request to reclassify Alba Road included a traffic study that considered a “maximum build out with 18 buildings totaling 5,662,400 sq ft of data center use,” indicating the project could expand significantly.
The proposal comes just as Yondr announced plans for its own Lancaster campus on 163 acres, which will deliver 550MW of capacity and is expected to break ground in 2026. Together, the two projects highlight the growing momentum for large-scale data center development in the Dallas metro area, one of the most active markets in the US.
500MW solar park and AI campus planned in Weida-Land, Germany
A large-scale renewable energy and AI data center campus is planned in Weida-Land, Saxony-Anhalt, Germany. The project will include a 500MW solar farm, a 500MW/1,750MWh battery energy storage system (BESS), and a modular AI campus with a data center in Schraplau. The solar parks will be rolled out in phases through 2028, while the BESS will gradually expand to 800MW/2,800MWh. The data center will also be built in phases over the next eight to ten years, with initial units expected online by the end of this decade.
Battery storage maker Greenmake is reportedly leading the project, though little is known about the company. Exact investment details and planning approvals have not yet been disclosed, but costs are expected to reach into the billions. The project aims to diversify Germany’s data center landscape beyond Frankfurt and Berlin, with Saxony-Anhalt emerging as a new hub alongside initiatives such as DataHall’s planned facility in Halle/Saale.
Open DC launches PE2 data center in Penang, Malaysia
Open DC has launched its new 30MW PE2 data center at the Bayan Lepas Technology Park in Penang, Malaysia. Operational since April, the 10-acre facility is now the largest data center on the island and is designed to deliver ultra-low latency connectivity and high-performance computing. Chief minister of Penang, Yab Tuan Chow Kon Yeow, said the project “marks a pivotal step in Penang’s journey toward becoming a digitally advanced, low-carbon economy” and will help attract investment, spark innovation, and strengthen the region’s competitiveness.
Managing director Weng-Yew Wong described PE2 as “a game-changer for Malaysia’s digital economy,” positioning it as Penang’s first full-scale next-generation facility to power AI, cloud, and Industry 4.0 growth. Open DC said the campus incorporates clean energy agreements and solar power, though specific details have not been shared. First announced in 2022, PE2 was developed in partnership with the Malaysian government and reflects Open DC’s focus on connectivity and sustainability.
Crypto firm Mint secures financing for 600MW renewable powered Bitcoin mining and AI data center
Green Minting Technologies, a US-based crypto firm, has secured financing to develop a 600MW off-grid renewable-powered Bitcoin mining and AI data center in Delaware. The $1.2 billion project will be supported by 504MW of wind and 100MW of solar generation to power the site’s computing infrastructure. The facility will also underpin the company’s $MINT token, which allows holders to purchase compute power for Bitcoin mining on ASICs or for training AI models on GPUs.
“Mint is re-democratizing the Bitcoin mining landscape by fractionalizing the energy and computing infrastructure into $MINT Tokens,” said CEO and co-founder Alex Wey, noting that rising infrastructure and energy costs have pushed individual users out of the market. Founded last year, Mint is headquartered in Delaware and led by Wey, the former CEO of managed WiFi platform Aerwave.
Avaio targets $6bn Mississippi data center campus outside Jackson
Avaio Digital Partners has announced plans for a $6 billion data center campus in Rankin County, Mississippi, marking its first expansion into the state. Known as Avaio Digital Taurus, the 175-acre site in the City of Brandon will feature 600,000 sq ft (55,742 sqm) of space with 116MW of capacity. The project, which will include rooftop solar and rainwater capture, is expected to go live in the first half of 2027. The Mississippi Development Authority has approved the project under the state’s Data Center Enterprises tax exemption.
CEO Mark McComiskey said the Greater Jackson area is “poised to become a new hub for cloud computing and AI development,” highlighting the project’s sustainable design and proximity to established markets. Founded in 2016, Avaio Capital launched Avaio Digital Partners in 2021 to focus on hyperscale development across the Americas and Europe, with active projects in California, Virginia, Arkansas, and Texas. The company has secured more than 1.2GW of utility power for its campuses, with 450MW set to be available by 2027. The move follows other large projects in Mississippi, including Amazon’s $10 billion campus plans near Jackson and Compass’s development outside Meridian.
Vantage plots 1.4GW data center campus in Texas
Vantage Data Centers is planning a massive 1.4GW data center campus in Shackelford County, Texas, making it the largest development in the company’s global portfolio. Spanning 1,200 acres, the Frontier campus represents Vantage’s biggest investment to date at more than $25 billion. Dana Adams, president of North America at Vantage, said the project “marks a watershed moment” as demand for GPU compute capacity accelerates, calling Texas “a critical and strategic market for AI providers.”
Located outside Abilene, the development is expected to generate major economic benefits for the region. Shackelford County Judge John Viertel welcomed the project, noting its role in providing jobs, education, and community investment. Vantage, backed by DigitalBridge and Silver Lake, operates or is developing data centers across the US in states including Ohio, Georgia, Virginia, California, and Nevada, among others.
JPMorgan and MUFG close to securing $22bn financing for Vantage’s Texas data center project
JPMorgan and Mitsubishi UFJ Financial Group (MUFG) are close to underwriting a $22 billion loan to finance Vantage Data Centers’ $25 billion Frontier campus in Shackelford County, Texas. Spanning 1,200 acres, the 1.4GW project will be Vantage’s largest, with 10 data centers totaling 3.7 million sq ft (343,741 sqm), the first of which is set for delivery in 2026. Backed by DigitalBridge and Silver Lake, Vantage began construction earlier this year. Governor Greg Abbott praised the investment for creating thousands of jobs and boosting state revenue, while the deal underscores how major data center developers are increasingly turning to large-scale financing, as seen with Meta, xAI, and Crusoe in other recent megaprojects.
Meta’s latest data center campus goes live in Kansas City, Missouri
Meta has officially launched its new $1 billion data center campus in Kansas City, Missouri. The facility is now operational and serving traffic, with Meta highlighting Kansas City’s strong infrastructure, reliable power grid, and community partnerships as key reasons for the site selection. The LEED Gold-certified campus is powered by renewable energy and incorporates stormwater reuse systems. Kansas City Mayor Quinton Lucas praised the project, saying it signals the city’s role as a hub where “innovation, talent, and community come together.”
The company also said its first AI-optimized data centers, redesigned to accommodate GPUs and liquid cooling, will go live in 2026. Meta has resumed construction after pausing projects in 2022 to rescope its designs and continues to expand rapidly, with around 30 campuses live or in development worldwide. The company has purchased more than 15GW of renewable power across six countries, making it one of the world’s largest corporate buyers of clean energy.
EdgeConneX to build data centers in Chicago and Atlanta for Lambda
EdgeConneX is building new data centers in Chicago and Atlanta for AI cloud provider Lambda. The facilities will feature hybrid cooling with liquid-to-the-chip direct cooling and air cooling, adding to two existing air-cooled sites in the same cities.
“Our partnership with Lambda underscores our commitment to delivering cutting-edge infrastructure solutions tailored for the AI era,” said Don MacNeil, chief revenue officer for EdgeConneX. “We empower the most demanding AI and HPC workloads with unmatched density and flexibility with Ingenuity’s next-generation AI-ready data center solutions and our liquid cooling capabilities. This solution enables Lambda to lead in AI innovation and advance the future of AI-driven technologies for its cloud and hyperscale customers.” Beyond Chicago and Atlanta, the company also leases space in data centers across major U.S. hubs including Mountain View, Santa Clara, Los Angeles, Salt Lake City, Kansas City, Dallas, Austin, Columbus, and Sterling.
QTS plans data center in Forssa, Finland
QTS is planning a large-scale data center development in Forssa, Finland, after signing a preliminary agreement earlier this year with the city for more than 100 hectares of land in Ratasmäki. The city is currently preparing zoning changes to allow for the project, and this week the Forssa community development board confirmed it had no objection.
“The interest of a large investor like Blackstone in Forssa is very good news. We are pleased that our city is seen as an attractive and strong area in which to invest,” said Jari Kesäniemi, Mayor of Forssa. “The project would support the development of the entire Forssa urban area, and if implemented could create new and very diverse, even unprecedented opportunities for the industry, employment, expertise, and vitality of the area as a whole.” Brunswick added: “We are proud to be part of this exciting data center project and to be working together with Blackstone and QTS in supporting the digital transition. We are thankful for the strong support shown by the City of Forssa as we move forward in our work on the project.”
Blackstone Credit & Insurance and Aligned Data Centers Expand Financing Partnership, Surpassing $1 Billion in Commitments
Blackstone Credit & Insurance (BXCI) has upsized its senior secured credit facility with Aligned Data Centers, bringing total commitments to more than $1 billion. The expanded financing will support Aligned’s rapid growth and development of over 5GW of future capacity across the Americas, aimed at meeting rising demand for AI, cloud, and enterprise infrastructure.
“This issuance is a testament to the market’s confidence in our long-term strategy and the strength of our entire portfolio,” said Meghan Baivier, CFO of Aligned. Rick Campbell, Head of U.S. Private High Grade Credit at BXCI, added, “This financing is consistent with Blackstone’s focus on providing large scale and flexible high-grade capital solutions to support critical digital infrastructure.”
