Data Center Investment News — 15/05/2026

May 15, 2026

Written by Angela Cáceres, Ensar Aljimi

Digital Realty Breaks Ground on Latest Data Center in Paris, France

Digital Realty has officially broken ground on a new data center development in Paris, France, further expanding its European footprint in one of the continent’s most strategically significant markets. The facility underscores the company’s commitment to meeting surging demand for colocation and cloud infrastructure across the EMEA region, where enterprise and hyperscale customers continue to seek capacity close to major financial and technology hubs.

The Paris development adds to Digital Realty’s growing PlatformDIGITAL portfolio, which connects customers to a global network of data centers designed for interconnection and hybrid cloud deployment. As competition for prime European data center sites intensifies amid constrained land and power availability, this groundbreaking signals Digital Realty’s intent to remain a dominant player in the French market.

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Powered Land Company Cloverleaf Proposing 633-Acre Data Center in Canadian County, Oklahoma

Cloverleaf, a powered land development company, has put forward a proposal for a massive 633-acre data center campus in Canadian County, Oklahoma. The project reflects a broader industry trend of developers targeting land-rich, energy-abundant regions in the American heartland, where competitive power pricing and available acreage offer advantages that coastal markets can no longer provide.

Oklahoma has emerged as an increasingly attractive destination for large-scale data center investment, buoyed by favorable tax incentives, access to natural gas and renewable energy, and a growing transmission infrastructure. If approved, the Cloverleaf campus would represent one of the largest single data center land commitments in the state’s history, potentially drawing significant construction and operational employment to the region.

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Goldman Sachs Acquires Canadian Data Center Firm QScale

Goldman Sachs has completed the acquisition of QScale, a Canadian data center operator known for its high-performance computing and AI-optimized infrastructure deployments in Quebec. The deal marks a notable entry by one of Wall Street’s most prominent financial institutions into direct data center ownership, signaling deepening conviction among institutional investors that digital infrastructure is a core long-term asset class.

QScale has built a reputation for leveraging Quebec’s abundant hydroelectric power to deliver cost-effective, low-carbon computing environments, making it particularly attractive to AI and HPC workloads with intensive energy demands. Goldman’s acquisition is expected to accelerate QScale’s expansion plans and could position the firm as a key consolidator in Canada’s emerging data center sector.

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Nebius Breaks Ground on 400-Acre Data Center Campus in Independence, Missouri

Nebius, the AI infrastructure company spun out of Russian technology giant Yandex, has broken ground on a 400-acre data center campus in Independence, Missouri. The development represents a significant step in Nebius’s ambition to build a large-scale GPU cloud platform tailored for AI model training and inference, with the US Midwest offering the combination of affordable land, power access, and proximity to fiber networks that hyperscale deployments require.

The Independence campus is expected to become a cornerstone of Nebius’s North American infrastructure strategy as the company seeks to differentiate itself in the competitive AI cloud market through purpose-built, GPU-dense facilities. With demand for AI compute continuing to outpace available capacity globally, this groundbreaking positions Nebius to capture enterprise and research clients who require dedicated, high-throughput environments at scale.

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Google in Talks with SpaceX Regarding Suncatcher Orbital Data Center Project

Google is reportedly in discussions with SpaceX over the Suncatcher project, an ambitious concept for an orbital data center that would harvest solar energy in space and beam power down to terrestrial infrastructure. The talks highlight how the technology industry’s most resource-intensive companies are increasingly looking beyond conventional power sourcing solutions as energy constraints threaten to bottleneck AI and cloud expansion plans.

While orbital data centers remain largely experimental, the involvement of Google and SpaceX—two organizations with the capital, engineering talent, and risk appetite to pursue frontier infrastructure—lends the concept unusual credibility. Industry observers will be watching closely to see whether Suncatcher progresses from exploratory dialogue to a formal development agreement, which could have profound implications for both the data center and commercial space industries.

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EdgeD Files to Develop 2 Million Sq Ft Data Center Campus Outside Austin, Texas

EdgeD has filed plans to develop a 2 million square foot data center campus on the outskirts of Austin, Texas, adding to the already substantial pipeline of digital infrastructure projects targeting the greater Austin metropolitan area. The proposal reflects sustained confidence in Central Texas as a premier data center destination, driven by its technology-sector workforce, robust fiber connectivity, and a regulatory environment that has historically welcomed large-scale industrial development.

At 2 million square feet, the proposed campus would rank among the largest data center footprints in Texas, positioning EdgeD as a serious large-scale operator in a market that has attracted billions in investment from hyperscalers and colocation providers alike. The filing comes amid ongoing scrutiny over power grid capacity in ERCOT territory, and the project’s progress will likely hinge on securing sufficient energy commitments to serve such an expansive facility.

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UK’s Kao Data Acquires Brownfield Site in West London for Data Center Development

Kao Data has secured a brownfield site in West London, signaling the company’s intention to expand its footprint into one of Europe’s most sought-after—and land-constrained—data center corridors. The acquisition of a previously developed plot reflects the practical reality that operators targeting urban and peri-urban London locations increasingly must pursue redevelopment opportunities rather than greenfield builds, given the scarcity of suitably zoned and powered land.

West London’s M4 corridor remains a critical node in the UK’s digital infrastructure ecosystem, offering proximity to major financial institutions, media companies, and interconnection hubs. Kao Data’s move to establish a presence there strengthens its competitive position as a premium, sustainability-focused operator and opens the door to serving enterprise customers who require low-latency connectivity to London’s core business districts.

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Anthropic Signs $1.8BN Cloud Contract with Akamai — Report

Anthropic, the AI safety company behind the Claude family of large language models, has reportedly signed an $1.8 billion cloud infrastructure contract with Akamai Technologies. The deal underscores the extraordinary scale of compute investment required to develop and deploy frontier AI systems, and positions Akamai as a significant beneficiary of the ongoing AI infrastructure build-out as it seeks to diversify beyond its traditional content delivery network business.

For Anthropic, the agreement with Akamai represents a strategic move to distribute its infrastructure dependencies across multiple cloud partners, reducing reliance on any single hyperscaler while expanding the global reach of its inference and training capabilities. The contract’s headline value also speaks to the intensifying commercial ambitions of AI labs, which are increasingly entering multi-year, multi-billion-dollar infrastructure agreements to secure the capacity needed for next-generation model development.

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Developers File Application for $1.6BN Data Center in Cleveland, Ohio

A development group has submitted a formal application for a $1.6 billion data center project in Cleveland, Ohio, in a move that could significantly elevate the city’s profile as a destination for large-scale digital infrastructure investment. Cleveland offers a compelling combination of affordable industrial land, access to Great Lakes cooling water, and a grid supplied by a diversified mix of generation sources—factors that are increasingly decisive in site selection for major data center projects.

The $1.6 billion price tag places this proposal firmly in the category of hyperscale-adjacent developments, and its approval would represent a meaningful economic development win for a city that has actively courted technology investment as part of broader urban revitalization efforts. Local and state officials are expected to weigh in on the application, with incentive packages likely to play a role in the final decision.

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Stockland Files to Develop 250MW Data Center Campus in Melbourne, Australia

Australian property developer Stockland has lodged planning documents for a 250-megawatt data center campus in Melbourne, marking a significant foray by a traditional real estate major into the digital infrastructure sector. The filing reflects a growing trend of diversified property groups recognizing data centers as a high-yield, long-duration asset class that aligns naturally with their expertise in large-scale land development and construction management.

Melbourne continues to attract substantial data center investment as Australia’s second-largest city and a key hub for financial services, education, and government cloud adoption. A 250MW campus would represent one of the largest single data center commitments in Victoria’s history, and Stockland’s involvement could accelerate the project’s path through planning approval given the company’s established relationships with local councils and state planning authorities.

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Amazon Data Services Buys 1,300 Acres of Land Outside Austin, Texas

Amazon Data Services has acquired approximately 1,300 acres of land on the periphery of Austin, Texas, in what represents one of the largest data center land purchases in the state’s history. The acquisition underscores AWS’s continued commitment to expanding its physical infrastructure footprint in Central Texas, a region that has become a critical growth market for hyperscale cloud deployment driven by both enterprise customer demand and the region’s energy and connectivity advantages.

The scale of the land purchase suggests Amazon is planning a multi-phase, long-horizon development that could eventually encompass tens or even hundreds of megawatts of compute capacity. As hyperscalers compete aggressively to lock up developable land in high-demand markets, transactions of this magnitude are increasingly common, though the 1,300-acre footprint positions Amazon for an exceptionally large buildout that will be closely watched by competitors and local stakeholders alike.

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Yondr Launches Latest Data Center in Slough, UK

Yondr Group has officially launched its newest data center facility in Slough, United Kingdom, adding capacity to one of Europe’s most densely concentrated data center markets. Slough’s position along the M4 motorway corridor—historically the heart of the UK data center industry—makes it a natural home for Yondr’s latest build, offering unmatched access to fiber infrastructure, power substations, and a deep pool of experienced operational talent.

Yondr has built its reputation as a hyperscale-focused developer that delivers highly customized, single-tenant campuses for global cloud providers and large enterprises. The Slough launch demonstrates the company’s ability to continue delivering facilities in competitive, land-constrained markets, and reinforces its standing as one of the more active independent developers operating in the UK and European data center landscape.

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NScale Secures $790 Million to Support AI Infrastructure Buildout in Norway

NScale, a European AI infrastructure company, has secured $790 million in funding to accelerate the development of GPU-optimized data centers in Norway. The financing round highlights growing investor appetite for dedicated AI compute platforms in the Nordic region, where Norway’s abundant hydroelectric power, cold climate, and political stability make it an increasingly attractive location for energy-intensive machine learning workloads that demand both performance and sustainability credentials.

The capital raise positions NScale to compete directly with hyperscalers and emerging GPU cloud platforms for a share of the rapidly expanding AI training and inference market in Europe. Norway’s renewable energy advantage is particularly compelling for AI operators facing mounting pressure to demonstrate carbon efficiency, and NScale’s geographic focus could prove a meaningful differentiator as enterprise customers increasingly factor environmental impact into infrastructure procurement decisions.

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Nvidia & IREN Sign 5GW Deal with $2.1 Billion Investment Right

Nvidia and IREN, the bitcoin mining and AI infrastructure company, have entered into a landmark agreement covering 5 gigawatts of data center capacity, accompanied by a $2.1 billion investment right for Nvidia. The deal represents one of the largest single infrastructure commitments in the AI compute build-out to date, and signals Nvidia’s growing interest in securing dedicated, large-scale deployment environments for its GPU hardware beyond traditional reseller and cloud partner channels.

For IREN, the partnership with Nvidia provides powerful validation of its strategic pivot from cryptocurrency mining toward high-performance AI infrastructure, offering access to cutting-edge GPU allocations and the reputational halo of aligning with the world’s dominant AI chip supplier. The 5GW scale of the agreement—if fully realized—would make this one of the most consequential infrastructure partnerships in the current AI investment cycle, with significant implications for power procurement, land development, and cooling technology across multiple geographies.

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