Oracle-backed Stargate campus to be built in partnership with STACK Infrastructure
STACK Infrastructure will develop Oracle’s new Stargate campus in Doña Ana County, New Mexico, designed to provide more than 1GW of capacity dedicated to AI workloads. The facility will include an on-site microgrid for faster power deployment and a closed-loop cooling system to minimize water use, part of Oracle’s broader plan to add up to 4.5GW of Stargate capacity in the U.S.
Backed by investment from Blue Owl Capital, the project is described as a milestone in advancing U.S. AI infrastructure. Oracle executives said the site is key to strengthening national AI capabilities, while STACK emphasized speed, scale, and sustainability. Local leaders added that the campus could serve as a model for future data center developments.
GIP nears deal to buy Aligned Data Centers for about $40 billion in bet on AI
Global Infrastructure Partners (GIP), now part of BlackRock, is in advanced talks to acquire Aligned Data Centers in a deal that could value the company at around $40 billion, making it one of the largest transactions of the year. MGX, an AI investment firm created by Mubadala Investment Co., is also involved and would invest independently as part of the transaction. While an agreement could be announced within days, sources cautioned that details may still change.
Aligned, based in Plano, Texas, operates across the US and South America with 50 campuses and 78 data centers under management and development. The company secured more than $12 billion in equity and debt commitments earlier this year and has drawn growing investor interest amid the AI infrastructure boom. GIP already owns CyrusOne, acquired with KKR in 2021 for $15 billion, while Mubadala maintains a strategic partnership with BlackRock.
Elea Data Centers to build 30MW data center in São Paulo for Petrobras
Elea Data Centers to build 30MW facility in São Paulo for Petrobras
Elea Data Centers will develop a 30MW data center on its São Bernardo do Campo campus to support Petrobras’ supercomputers and scientific data processing for exploration, research, and reservoir activities. The facility will run entirely on certified renewable energy, feature a water-reuse cooling system, and follow Petrobras’ strict sustainability standards.
This project aligns with Elea’s broader initiatives, including the Rio AI City complex in Olympic Park, Rio de Janeiro, which is designed for advanced AI and cloud workloads and could reach 3.2GW of capacity.
New Dutch operator House of Data launches, plans two data centers in Netherlands
New Dutch operator House of Data launches, plans two data centers
House of Data, a new Dutch data center operator backed by Today Real Estate Development, has launched with plans for two facilities in the Netherlands. The firm says it uses “AI-powered site selection” to identify locations with available capacity.
“Europe’s digital future is being slowed down by a shortage of data center capacity. We’re changing that,” said van Eck on LinkedIn. “At House of Data, we built an AI tool that identifies locations with electricity available and development potential that others miss. At these sites, we will develop data centers and scale towards a European infrastructure platform that can meet the accelerating demand from AI and cloud.”
200MW data center planned outside Frankfurt, Germany
A new 200MW data center is being planned outside Frankfurt, Germany. Real estate firm Argaman Group will develop the Frank Cube campus in Birstein, about 60km northeast of Frankfurt. The project, set on 11 hectares, will be powered by a mix of on-site gas and nearby wind turbines and is scheduled to launch in 2028. The move reflects how operators are increasingly looking beyond Frankfurt’s grid-constrained core.
In Menden, near Dortmund, German telecoms firm Telemark has opened a new €2 million data center. Built in just six months, the 200 sqm facility features a hybrid cooling system and has already signed Crämer IT-Solutions as a customer.
In Austria, cybersecurity firm FragmentiX is planning the 25MW LENDAIDC near Salzburg, powered by local hydropower and cooled by the Salzach River. “With Lend’s new AI data center – the LENDAIDC – our Austrian consortium, together with Dell Technologies, is sending a clear signal for the future of Europe,” said Werner Strasser, director general of FragmentiX.
Echelon, Starwood Capital to build $3.52 billion data centre near Milan
Echelon Data Centres, in partnership with affiliates of Starwood Capital Group, has acquired a 37-acre site near Milan to build a new data centre campus known as LIN10. The project, valued at up to €3 billion (US$3.52 billion), will leverage an onsite substation with access to 250MVA of power capacity, 100MVA of which is immediately available. Construction is set to begin shortly, with the first phase expected to be operational within 18 to 24 months. “LIN10 has in place grid power, scale, and flexibility, which makes it one of the most attractive projects in Europe,” said Niall Molloy, CEO of Echelon.
This marks Echelon’s first development in continental Europe, adding to its portfolio of projects in Ireland, the UK, and Spain, totaling around 1.25GW. The Milan project is also part of the company’s broader strategy to add 1.5GW of capacity in new markets over the next five years. “Entering the Italian market is another significant milestone on Echelon’s growth trajectory,” said David Smith, chief investment officer at Echelon. Starwood Capital emphasized the growing demand for large-scale digital infrastructure, with Maximilian Gentile noting that the investment reflects confidence in Milan’s data centre market and its role in meeting the needs of an “increasingly AI-driven digital economy.”
Sierra DC plans large data center in Granada, Spain
Sierra DC has confirmed plans to build a €1 billion ($1.17bn) AI-focused data center at the CITAI in Escúzar, Granada, which it says will be one of the largest of its kind in Spain. Francisco Garcia, spokesman for Sierra DC, explained: “We are the developers, making the analogy, we would be the ones who build the building and then rent it; our tenants will be huge companies… Large companies that will install their servers or companies that have a huge demand for infrastructure of this type to train artificial intelligence,” adding: “As of today, there is no operational center on this scale, Sierra DC Escúzar wants to be the first.” The project, expected to attract hyperscale customers like Google Cloud or Amazon, will rely on Grenadian company Cuerva as a potential energy provider, with Granada offering more available electrical capacity than other Andalusian cities.
Crusoe’s Abilene data center campus officially live, serving Oracle and OpenAI’s Stargate
Stargate’s flagship data center campus in Abilene, Texas, is now live. “One of the defining challenges of our generation is to energize AI infrastructure at the scale needed to power the ambitions of our world’s greatest innovators,” said Chase Lochmiller, co-founder and CEO of Crusoe. Construction began in June 2024, with the first Nvidia GB200 racks arriving the following June. “AI is already defining the next era of innovation and Oracle is building the infrastructure to make that future possible,” added Mahesh Thiagarajan, executive vice president of Oracle Cloud Infrastructure. In March, Crusoe also began the second phase of Abilene at the Lancium Clean Campus, which will add six more buildings for a total of around four million square feet and 1.2GW of power capacity, with completion expected in mid-2026.
Meta signs $14.2bn cloud deal with CoreWeave
Meta has signed a $14.2 billion cloud services deal with CoreWeave, running through December 2031, marking another major contract for the neocloud provider. “The agreement underscores that behind every AI breakthrough are the partnerships that make it possible,” CoreWeave said in a statement. The deal follows CoreWeave’s recent $6.5 billion expansion with OpenAI and Nvidia’s $6.3 billion commitment to purchase its unused compute capacity.
The agreement comes as Meta diversifies its client pool and strengthens its AI and cloud capabilities. The company, which still builds large-scale infrastructure including a 1GW campus and a planned 5GW site, has also signed cloud deals with AWS, Google Cloud, and is reportedly in talks with Oracle for a $20bn contract.
X8 Cloud plans AI data center in Paraguay with energy from Itaipú
X8 Cloud Infrastructure, a Los Angeles-based startup, has announced plans to build what it describes as “the largest AI infrastructure in Latin America” in Paraguay. The project, located near Asunción, will be powered entirely by hydroelectric energy from the Itaipú dam and aims to offer AI computing services at up to 70 percent lower cost. Operations are set to begin in early 2026 with 50MW of capacity, expanding to 500MW by 2027. “X8 Cloud seeks to reinvent the way in which data centers can operate in a sustainable way,” said founder and CEO Juan Carlos Dueñas, adding the project will provide Brazilian companies “AI infrastructure under US jurisdiction, with Brazilian data protection rules and transparent governance.”
The company, which recently emerged from stealth, has ambitious plans to scale to 5GW and expand into Brazil and Argentina. Paraguay, leveraging its abundant hydroelectric resources, is becoming a regional hub for data processing, with other firms like Hive Digital Technologies also ramping up their presence in the country.
CloudHQ ups planned Mexican data center investment to $4.8bn
CloudHQ has increased its investment plans in Mexico to $4.8 billion, with a goal of building a 900MW data center campus in Querétaro by 2027. The project will initially include six data centers, each with 60MW capacity, and is expected to generate 900 permanent jobs. COO Keith Harney noted the site, located on State Highway 100, will rely on a 900MW private substation, while President Claudia Sheinbaum highlighted: “Initiating investments in data centers is important for Mexico. It gives us the capacity to process data related to artificial intelligence and information technology.”
The facility will use a waterless cooling system to minimize water consumption, with Economy Minister Marcelo Ebrard stating usage will be “very low.” Originally announced in 2023, the project has been expanded and is already undergoing groundworks. CloudHQ, which operates or is developing 56 data centers worldwide, plans to secure a long-term tenant before full construction proceeds, reinforcing its global expansion across the US, EMEA, and APAC regions.
TeraWulf plans to raise $3bn in debt to support data center buildout for Google and Fluidstack
TeraWulf is preparing to raise $3 billion in debt to support its AI data center buildout, with Google expected to backstop the deal to secure a stronger credit rating. CFO Patrick Fleury confirmed Morgan Stanley is arranging the transaction, which could launch next month. Earlier this year, Google acquired a 14 percent stake in TeraWulf, strengthening ties between the companies.
The financing follows TeraWulf’s 10-year agreement with AI cloud firm Fluidstack, which will lease 360MW from the company’s Lake Mariner data center in New York. Backed by Google, the deal mirrors Fluidstack’s recent $1.4 billion arrangement with Cipher Mining, also supported by Google through both investment and lease guarantees.
CoreSite launches third New York data center
CoreSite, owned by American Tower, has officially launched its third data center in the New York market with the opening of NY3 in Secaucus, New Jersey. The new four-story facility, located next to the company’s existing NY2 site at 2 Emerson Lane, provides over 138,000 sq ft (12,820 sqm) of space and approximately 15MW of capacity. First announced in late 2023, NY3 strengthens CoreSite’s presence in the region, where it now operates more than 442,000 sq ft across NY1, NY2, and NY3.
“The launch of NY3 represents more than just added capacity; it’s a strategic investment in our customers’ future,” said Adam Post, SVP of finance and corporate development at CoreSite. He added that the facility was designed for AI and advanced workloads, offering performance, scalability, and interconnectivity to accelerate digital transformation. With this opening, CoreSite’s overall portfolio expands to 30 data centers totaling around 4.5 million sq ft across 11 US markets.
Blue Owl partners with Qatar Investment Authority for new data center platform
Blue Owl Capital has partnered with the Qatar Investment Authority (QIA) to launch a new global data center platform with more than $3 billion in initial assets. The venture aims to “accelerate global compute available to leading hyperscalers amid surging cloud and AI transformation.”
QIA CEO Mohammed Saif Al-Sowaidi said the partnership focuses on “increasing data connectivity,” while Blue Owl’s co-CEOs added it will “power the next generation of digital transformation.” Blue Owl, managing $192 billion in assets, recently acquired Stack and is expanding its presence in the data center sector.
Blackstone commits about $564 million to 60MW Mumbai data centre
Blackstone will invest nearly $564 million through its India platform Lumina CloudInfra to develop a 60MW data center in Chandivali, Mumbai. The project, built on 3.8 acres recently acquired for $53.6m, is part of Blackstone’s broader $5.6bn commitment to India’s data center market and will be delivered in phases, generating revenue as capacity comes online.
Founded in 2022, Lumina CloudInfra plans to develop up to 600MW across India’s Tier-1 cities, starting with Mumbai and Chennai. Chandivali, located near Andheri East, has become a hub for data centers due to its connectivity advantages, with Equinix and NTT also active in the area.
Oracle takes on $18bn in debt ahead of AI data center build-out
Oracle has raised $18 billion in debt through a bond sale to fund a massive AI-focused data center build-out. The bonds, maturing between 2030 and 2065, will support capex investments as Oracle ramps up infrastructure for its AI cloud clients, particularly OpenAI. The company is a key partner in the Stargate project in Texas and recently announced three additional data centers, potentially totaling 5.5GW of capacity.
Oracle is also providing infrastructure to other hyperscalers, including Microsoft and Google, and has signed several multi-billion-dollar AI cloud contracts. Earlier this month, reports surfaced that OpenAI had agreed to a $300 billion deal for Oracle’s cloud services, though questions remain about its viability. With $455 billion in remaining performance obligations, Oracle’s stock has surged, briefly making founder Larry Ellison the world’s richest person.
