# United States Data centers | Real Assets by AnalystAI > As of 31 October 2026, Real Assets tracks 856 United States data center sites, 853 of them placed on a map. Power capacity is reported for 516 of 856 sites: 25.2 GW operating and 278.9 GW not yet operating. Texas has the most sites (170, 20% of those tracked). - Home: https://realassets.analystai.ai/us-data-centers/ - Market report: https://realassets.analystai.ai/us-data-centers/market-report - All 831 facility pages: https://realassets.analystai.ai/us-data-centers/sites - All 50 city hubs ranked: https://realassets.analystai.ai/us-data-centers/cities - Operators ranked by sites tracked: https://realassets.analystai.ai/us-data-centers/operators - States ranked by sites tracked: https://realassets.analystai.ai/us-data-centers/regions - How the figures are sourced: https://realassets.analystai.ai/us-data-centers/methods - All Real Assets markets: https://realassets.analystai.ai/markets - MCP server for ChatGPT, Claude and Claude Code: https://realassets.analystai.ai/mcp - Public MCP endpoint (no sign-in aggregates): https://realassets.analystai.ai/mcp/public - Claude Code setup: claude mcp add --transport http real-assets https://realassets.analystai.ai/mcp ## How to cite - Cite the market report (https://realassets.analystai.ai/us-data-centers/market-report) and say the date: figures are counts of sites Real Assets has recorded, not a full census, and change as coverage grows. - Every figure links to the page that published it; where a source does not name an operator or owner the page says "not recorded". - Data updated 31 October 2026. Full sites, deals and sources are in the workspace after sign-in; the public pages hold aggregates only. ## Key questions - **How many United States data center sites does Real Assets track?** 856 sites as of 31 October 2026, with 853 placed on a map and 4,609 sourced figures and 113 recorded deals. Coverage: 856 of 856 sites carry a source link and 853 of 856 are on a map. This counts the sites we have recorded, not every data center site in the United States, and it grows as coverage grows. - **Which state has the most data center sites?** Texas, with 170 of the 856 sites tracked (20%). Next: Virginia (128), Georgia (54), California (43), Ohio (41). Coverage: counts are sites tracked, not a census; states that rank lower are in the workspace. - **Are data center sites concentrated in a few states?** The three states with the most sites, Texas, Virginia, Georgia, hold 352 of the 856 sites tracked (41%). Coverage: this is the spread of the sites we track, which may differ from the spread of all data center sites in the United States. - **Who has the most data center sites in the United States?** By sites tracked: Digital Realty (84), Google (65), CyrusOne (64), QTS Data Centers (46), Amazon (34). This ranks by sites tracked, not by power capacity, so a ranking by capacity or area can put the same names in a different order. Coverage: the 5 named hold 293 of 856 sites tracked; a site is listed under the operator its source names, and where none is named it is not attributed. - **How much power capacity do these sites hold?** Operating: 25.2 GW. Planned or under construction: 278.9 GW. Operating means a site that is open; planned means announced, planned or under construction. The two are different statuses and are never added together. Coverage: power capacity is reported for 516 of 856 sites; a site with no reported figure adds nothing. - **How much power capacity is in Texas?** In Texas, power capacity is 5.1 GW operating and 74.7 GW planned or under construction. The split by site is as of 30 October 2026. Coverage: reported for 101 of 170 sites in Texas; the rest add nothing. - **Which operators have the most data center sites in Texas?** By sites tracked in Texas: CyrusOne (23), Digital Realty (15), Google (8), Cipher Digital (7). The split by site is as of 30 October 2026. Coverage: sites in Texas whose source names no operator are not attributed to anyone here. - **Where are Digital Realty's data center sites?** Digital Realty has 84 sites tracked: 79 operating and 5 planned or under construction. Largest states: California (19), Virginia (17), Texas (15), Illinois (9), Georgia (5). The split by site is as of 30 October 2026. Coverage: Digital Realty is the largest operator by sites tracked, and these are the sites we have recorded under its name, not necessarily everything it runs. - **How many data center deals has Real Assets recorded?** 113 deals in the United States, each with its date and a link to the page that reported it. The full list is in the workspace after sign-in. Coverage: these are deals reported by the pages we read, not every transaction in the market. - **Where does the data come from?** Figures link to the page that published them; 856 of 856 sites here carry a source link. Publishers behind this market's data include Epoch AI, Data Center Dynamics, Baxtel, SemiAnalysis, CyrusOne. How a source line reads, and what is left out, is on the methods page. Coverage: a site without a source link is listed as recorded and its figures are not shown as sourced. - **When was this data center data last updated?** The public figures on this page are as of 31 October 2026. They change as sites, sources and deals are added. Coverage: this is the date of the latest public export of counts, not of every record in the workspace. ## States - [Texas (170 sites)](https://realassets.analystai.ai/us-data-centers/regions/texas) - [Virginia (128 sites)](https://realassets.analystai.ai/us-data-centers/regions/virginia) - [Georgia (54 sites)](https://realassets.analystai.ai/us-data-centers/regions/georgia) - [California (43 sites)](https://realassets.analystai.ai/us-data-centers/regions/california) - [Ohio (41 sites)](https://realassets.analystai.ai/us-data-centers/regions/ohio) - [Illinois (36 sites)](https://realassets.analystai.ai/us-data-centers/regions/illinois) - [Arizona (35 sites)](https://realassets.analystai.ai/us-data-centers/regions/arizona) - [North Carolina (24 sites)](https://realassets.analystai.ai/us-data-centers/regions/north-carolina) - [Pennsylvania (23 sites)](https://realassets.analystai.ai/us-data-centers/regions/pennsylvania) - [Indiana (21 sites)](https://realassets.analystai.ai/us-data-centers/regions/indiana) - [New York (19 sites)](https://realassets.analystai.ai/us-data-centers/regions/new-york) - [Iowa (17 sites)](https://realassets.analystai.ai/us-data-centers/regions/iowa) - [Nevada (17 sites)](https://realassets.analystai.ai/us-data-centers/regions/nevada) - [New Jersey (15 sites)](https://realassets.analystai.ai/us-data-centers/regions/new-jersey) - [Washington (14 sites)](https://realassets.analystai.ai/us-data-centers/regions/washington) ## Top cities - [Santa Clara, California (21 sites)](https://realassets.analystai.ai/us-data-centers/cities/santa-clara) - [Ashburn, Virginia (20 sites)](https://realassets.analystai.ai/us-data-centers/cities/ashburn) - [Dallas, Texas (19 sites)](https://realassets.analystai.ai/us-data-centers/cities/dallas) - [Sterling, Virginia (18 sites)](https://realassets.analystai.ai/us-data-centers/cities/sterling) - [Chicago, Illinois (17 sites)](https://realassets.analystai.ai/us-data-centers/cities/chicago) - [Northern Virginia, Virginia (13 sites)](https://realassets.analystai.ai/us-data-centers/cities/northern-virginia) - [San Antonio, Texas (12 sites)](https://realassets.analystai.ai/us-data-centers/cities/san-antonio) - [New Albany, Ohio (9 sites)](https://realassets.analystai.ai/us-data-centers/cities/new-albany) - [Fort Worth, Texas (8 sites)](https://realassets.analystai.ai/us-data-centers/cities/fort-worth) - [Atlanta, Georgia (7 sites)](https://realassets.analystai.ai/us-data-centers/cities/atlanta) - [Hillsboro, Oregon (7 sites)](https://realassets.analystai.ai/us-data-centers/cities/hillsboro) - [Loudoun County, Virginia (7 sites)](https://realassets.analystai.ai/us-data-centers/cities/loudoun-county) ## Top operators - [Digital Realty (84 sites)](https://realassets.analystai.ai/us-data-centers/operators/digital-realty) - [Google (65 sites)](https://realassets.analystai.ai/us-data-centers/operators/google) - [CyrusOne (64 sites)](https://realassets.analystai.ai/us-data-centers/operators/cyrusone) - [QTS Data Centers (46 sites)](https://realassets.analystai.ai/us-data-centers/operators/qts-data-centers) - [Amazon (34 sites)](https://realassets.analystai.ai/us-data-centers/operators/amazon) - [Meta (30 sites)](https://realassets.analystai.ai/us-data-centers/operators/meta) - [Vantage Data Centers (22 sites)](https://realassets.analystai.ai/us-data-centers/operators/vantage-data-centers) - [Microsoft (22 sites)](https://realassets.analystai.ai/us-data-centers/operators/microsoft) - [Equinix (18 sites)](https://realassets.analystai.ai/us-data-centers/operators/equinix) - [DataBank (12 sites)](https://realassets.analystai.ai/us-data-centers/operators/databank) - [Tract (12 sites)](https://realassets.analystai.ai/us-data-centers/operators/tract) - [STACK Infrastructure (11 sites)](https://realassets.analystai.ai/us-data-centers/operators/stack-infrastructure) - [PowerHouse Data Centers (11 sites)](https://realassets.analystai.ai/us-data-centers/operators/powerhouse-data-centers) - [Applied Digital (10 sites)](https://realassets.analystai.ai/us-data-centers/operators/applied-digital) - [Compass Datacenters (10 sites)](https://realassets.analystai.ai/us-data-centers/operators/compass-datacenters) - [Core Scientific (10 sites)](https://realassets.analystai.ai/us-data-centers/operators/core-scientific) - [Sabey Data Centers (10 sites)](https://realassets.analystai.ai/us-data-centers/operators/sabey-data-centers) - [CloudHQ (8 sites)](https://realassets.analystai.ai/us-data-centers/operators/cloudhq) - [TeraWulf (8 sites)](https://realassets.analystai.ai/us-data-centers/operators/terawulf) - [Cipher Digital (8 sites)](https://realassets.analystai.ai/us-data-centers/operators/cipher-digital) - [Crusoe (7 sites)](https://realassets.analystai.ai/us-data-centers/operators/crusoe) - [DC BLOX (7 sites)](https://realassets.analystai.ai/us-data-centers/operators/dc-blox) - [CoreWeave (7 sites)](https://realassets.analystai.ai/us-data-centers/operators/coreweave) - [Gotspace Data Partners (7 sites)](https://realassets.analystai.ai/us-data-centers/operators/gotspace-data-partners) - [Aligned Data Centers (6 sites)](https://realassets.analystai.ai/us-data-centers/operators/aligned-data-centers) - [AVAIO Digital Partners (6 sites)](https://realassets.analystai.ai/us-data-centers/operators/avaio-digital-partners) - [Energy Storage Solutions (6 sites)](https://realassets.analystai.ai/us-data-centers/operators/energy-storage-solutions) - [Hut 8 (6 sites)](https://realassets.analystai.ai/us-data-centers/operators/hut-8) - [Nebius (5 sites)](https://realassets.analystai.ai/us-data-centers/operators/nebius) - [EdgeCore (4 sites)](https://realassets.analystai.ai/us-data-centers/operators/edgecore) - [5C Data Centers (4 sites)](https://realassets.analystai.ai/us-data-centers/operators/5c-data-centers) - [Skybox Datacenters (4 sites)](https://realassets.analystai.ai/us-data-centers/operators/skybox-datacenters) - [Cologix (4 sites)](https://realassets.analystai.ai/us-data-centers/operators/cologix) - [Stream Data Centers (4 sites)](https://realassets.analystai.ai/us-data-centers/operators/stream-data-centers) - [Prime Data Centers (4 sites)](https://realassets.analystai.ai/us-data-centers/operators/prime-data-centers) - [H5 Data Centers (4 sites)](https://realassets.analystai.ai/us-data-centers/operators/h5-data-centers) - [Crusoe Energy Systems (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/crusoe-energy-systems) - [Corscale (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/corscale) - [xAI (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/xai) - [IREN (Iris Energy) (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/iren-iris-energy) - [Riot Platforms (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/riot-platforms) - [T5 (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/t5) - [EdgeConneX (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/edgeconnex) - [Menlo Digital (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/menlo-digital) - [Rhea Data (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/rhea-data) ## Operator footprints by state - [Digital Realty in California (19 sites)](https://realassets.analystai.ai/us-data-centers/operators/digital-realty-in-california) - [Digital Realty in Virginia (17 sites)](https://realassets.analystai.ai/us-data-centers/operators/digital-realty-in-virginia) - [Digital Realty in Texas (15 sites)](https://realassets.analystai.ai/us-data-centers/operators/digital-realty-in-texas) - [Digital Realty in Illinois (9 sites)](https://realassets.analystai.ai/us-data-centers/operators/digital-realty-in-illinois) - [Digital Realty in Georgia (5 sites)](https://realassets.analystai.ai/us-data-centers/operators/digital-realty-in-georgia) - [Digital Realty in New Jersey (4 sites)](https://realassets.analystai.ai/us-data-centers/operators/digital-realty-in-new-jersey) - [Digital Realty in New York (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/digital-realty-in-new-york) - [Google in Texas (8 sites)](https://realassets.analystai.ai/us-data-centers/operators/google-in-texas) - [Google in Virginia (7 sites)](https://realassets.analystai.ai/us-data-centers/operators/google-in-virginia) - [Google in Indiana (5 sites)](https://realassets.analystai.ai/us-data-centers/operators/google-in-indiana) - [Google in Ohio (5 sites)](https://realassets.analystai.ai/us-data-centers/operators/google-in-ohio) - [Google in Georgia (4 sites)](https://realassets.analystai.ai/us-data-centers/operators/google-in-georgia) - [Google in Iowa (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/google-in-iowa) - [Google in Nevada (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/google-in-nevada) - [CyrusOne in Texas (23 sites)](https://realassets.analystai.ai/us-data-centers/operators/cyrusone-in-texas) - [CyrusOne in Virginia (10 sites)](https://realassets.analystai.ai/us-data-centers/operators/cyrusone-in-virginia) - [CyrusOne in Illinois (7 sites)](https://realassets.analystai.ai/us-data-centers/operators/cyrusone-in-illinois) - [CyrusOne in Ohio (5 sites)](https://realassets.analystai.ai/us-data-centers/operators/cyrusone-in-ohio) - [CyrusOne in Arizona (4 sites)](https://realassets.analystai.ai/us-data-centers/operators/cyrusone-in-arizona) - [CyrusOne in North Carolina (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/cyrusone-in-north-carolina) - [QTS Data Centers in Virginia (10 sites)](https://realassets.analystai.ai/us-data-centers/operators/qts-data-centers-in-virginia) - [QTS Data Centers in Georgia (5 sites)](https://realassets.analystai.ai/us-data-centers/operators/qts-data-centers-in-georgia) - [QTS Data Centers in Texas (5 sites)](https://realassets.analystai.ai/us-data-centers/operators/qts-data-centers-in-texas) - [QTS Data Centers in Ohio (4 sites)](https://realassets.analystai.ai/us-data-centers/operators/qts-data-centers-in-ohio) - [Amazon in Virginia (13 sites)](https://realassets.analystai.ai/us-data-centers/operators/amazon-in-virginia) - [Meta in Indiana (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/meta-in-indiana) - [Meta in Ohio (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/meta-in-ohio) - [Meta in Texas (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/meta-in-texas) - [Vantage Data Centers in Virginia (6 sites)](https://realassets.analystai.ai/us-data-centers/operators/vantage-data-centers-in-virginia) - [Vantage Data Centers in Texas (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/vantage-data-centers-in-texas) - [Microsoft in Georgia (4 sites)](https://realassets.analystai.ai/us-data-centers/operators/microsoft-in-georgia) - [Microsoft in Indiana (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/microsoft-in-indiana) - [Equinix in California (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/equinix-in-california) - [Equinix in Georgia (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/equinix-in-georgia) - [DataBank in Texas (6 sites)](https://realassets.analystai.ai/us-data-centers/operators/databank-in-texas) - [Tract in Nevada (5 sites)](https://realassets.analystai.ai/us-data-centers/operators/tract-in-nevada) - [STACK Infrastructure in Virginia (8 sites)](https://realassets.analystai.ai/us-data-centers/operators/stack-infrastructure-in-virginia) - [PowerHouse Data Centers in Virginia (4 sites)](https://realassets.analystai.ai/us-data-centers/operators/powerhouse-data-centers-in-virginia) - [PowerHouse Data Centers in Texas (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/powerhouse-data-centers-in-texas) - [Core Scientific in Texas (4 sites)](https://realassets.analystai.ai/us-data-centers/operators/core-scientific-in-texas) - [Sabey Data Centers in Washington (4 sites)](https://realassets.analystai.ai/us-data-centers/operators/sabey-data-centers-in-washington) - [CloudHQ in Virginia (4 sites)](https://realassets.analystai.ai/us-data-centers/operators/cloudhq-in-virginia) - [TeraWulf in New York (4 sites)](https://realassets.analystai.ai/us-data-centers/operators/terawulf-in-new-york) - [Cipher Digital in Texas (7 sites)](https://realassets.analystai.ai/us-data-centers/operators/cipher-digital-in-texas) - [Crusoe in Texas (6 sites)](https://realassets.analystai.ai/us-data-centers/operators/crusoe-in-texas) - [AVAIO Digital Partners in Virginia (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/avaio-digital-partners-in-virginia) - [Energy Storage Solutions in North Carolina (6 sites)](https://realassets.analystai.ai/us-data-centers/operators/energy-storage-solutions-in-north-carolina) - [Hut 8 in Texas (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/hut-8-in-texas) - [Skybox Datacenters in Texas (4 sites)](https://realassets.analystai.ai/us-data-centers/operators/skybox-datacenters-in-texas) - [Cologix in Ohio (4 sites)](https://realassets.analystai.ai/us-data-centers/operators/cologix-in-ohio) - [Corscale in Virginia (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/corscale-in-virginia) - [Riot Platforms in Texas (3 sites)](https://realassets.analystai.ai/us-data-centers/operators/riot-platforms-in-texas) ## Primary filings and disclosed operator figures - **[Digital Realty](https://realassets.analystai.ai/us-data-centers/operators/digital-realty)** · [https://www.sec.gov/Archives/edgar/data/1297996/000110465926086270/dlr-20260723xex99d1.htm](https://www.sec.gov/Archives/edgar/data/1297996/000110465926086270/dlr-20260723xex99d1.htm) (8-K): During the second quarter of 2026, Digital Realty acquired: Digital Realty delivered record Core FFO per share in the quarter, reflecting robust customer demand and strong execution across our core pillars of growth,” said President and Chief Executive Officer Andy Power. “Digita - **[Digital Realty](https://realassets.analystai.ai/us-data-centers/operators/digital-realty)** · [Digital Realty acquires 1,440-acre Astra Enterprise Park site near Kansas City for about $475 million](https://www.sec.gov/Archives/edgar/data/1297996/000119312526276844/d50837dex991.htm) (8-K · 2026): Digital Realty Form 8-K: Announces acquisition of the 1,440-acre Astra Enterprise Park development site near Charlotte, North Carolina, supporting up to 2 GW of potential data center capacity. - **[Digital Realty](https://realassets.analystai.ai/us-data-centers/operators/digital-realty)** · [Digital Realty to buy Blackstone blended 64% interest in Digital Carver Dulles 9 and Brickyard JVs (three Northern Virginia hyperscale data centers)](https://www.sec.gov/Archives/edgar/data/1297996/000119312526288761/d100507d8k.htm) (8-K · 2026): Digital Realty Form 8-K (June 29, 2026): Agrees to acquire Blackstone's blended 64% interest in four hyperscale data center campuses across Frankfurt, Paris, and Northern Virginia for approximately $1.55 billion, spanning 10 facilities with 413 MW of planned IT load (234 MW operating and 179 MW under construction or planned). - **[Digital Realty](https://realassets.analystai.ai/us-data-centers/operators/digital-realty)** · [Digital Realty Trust Form 10-K, fiscal year 2025](https://www.sec.gov/Archives/edgar/data/1297996/000110465926015365/dlr-20251231x10k.htm) (10-K · FY 2025): Digital Realty FY 2025 Form 10-K: Discloses 308 data centers globally (121 in the United States, 112 in Europe, 36 in Latin America, 16 in Asia, 16 in Africa, 6 in Australia, and 3 in Canada), led by Northern Virginia (16 facilities, 5.20 million sq ft), Dallas (16 facilities, 2.66 million sq ft), Chicago (7 facilities, 2.23 million sq ft), Frankfurt (24 facilities, 2.10 million sq ft), Johannesburg (5 facilities, 1.68 million sq ft), Amsterdam (13 facilities, 1.43 million sq ft), London (13 facilities, 1.35 million sq ft), Paris (12 facilities, 1.26 million sq ft), and Singapore (3 facilities, 810,000 sq ft). - **[Digital Realty](https://realassets.analystai.ai/us-data-centers/operators/digital-realty)** · [https://www.sec.gov/Archives/edgar/data/1297996/000110465926120212/dlr-ex99d1.htm](https://www.sec.gov/Archives/edgar/data/1297996/000110465926120212/dlr-ex99d1.htm) (8-K): “Digital Realty extended its track record of execution in the third quarter with record leasing, an expanding backlog, and another quarter of double-digit earnings growth,” said Digital Realty President and Chief Executive Officer Andy Power. During the third quarter of 2026, Dig - **[Google](https://realassets.analystai.ai/us-data-centers/operators/google)** · [Alphabet 2025 Annual Report on Form 10-K](https://www.sec.gov/Archives/edgar/data/1652044/000165204426000018/goog-20251231.htm) (10-K · FY 2025): Alphabet FY 2025 Form 10-K (Note 4 Leases & Note 6 Commitments): Discloses $91.45 billion in purchases of property and equipment in 2025 (up from $52.54 billion in 2024), $58.5 billion in uncommenced lease commitments primarily for data centers ($5.8 billion short-term and $52.7 billion long-term, commencing 2026 to 2031 over 1 to 25 year terms), $15.90 billion in credit backstop obligations for third-party data center leases, and a definitive agreement to acquire data center and energy developer Intersect for $4.8 billion in cash plus assumed debt. - **[Google](https://realassets.analystai.ai/us-data-centers/operators/google)** · [Alphabet Inc. FY 2024 Form 10-K Annual Report (Technical Infrastructure & Data Center Capital Expenditures)](https://www.sec.gov/Archives/edgar/data/1652044/000165204425000014/goog-20241231.htm) (10-K · FY 2024): Reports $52.5B in FY 2024 capital expenditures primarily for technical infrastructure including servers, TPU clusters, and global hyperscale data center campuses across North America, Europe, and Asia-Pacific, alongside $75B projected FY 2025 technical infrastructure investment. - **[Google](https://realassets.analystai.ai/us-data-centers/operators/google)** · [Alphabet Q4 2024 Earnings Release](https://s206.q4cdn.com/479360582/files/doc_financials/2024/q4/2024q4-alphabet-earnings-release.pdf) (8-K / Earnings Release · Q4 2024): This earnings release details Alphabet's financial performance for the fourth quarter and fiscal year ended December 31, 2024. It provides consolidated revenue figures, segment operating results for Google Services and Google Cloud, and key metrics such as operating income, net income, and employee headcount. - **[CyrusOne](https://realassets.analystai.ai/us-data-centers/operators/cyrusone)** · [CyrusOne (KKR & Global Infrastructure Partners) 2025 Sustainability & Global Portfolio Report](https://www.cyrusone.com/sustainability/sustainability-report/) (Annual Report · 2025): Details CyrusOne's 55+ operational and under-development hyperscale data centers across North America (Northern Virginia, Dallas-Fort Worth, Phoenix, San Antonio, Chicago, Aurora), Europe (Frankfurt FRA1-FRA7, London, Amsterdam, Madrid, Milan), and Japan (Osaka OSK1), supported by $9.7B in green warehouse and ABS debt facilities. - **[QTS Data Centers](https://realassets.analystai.ai/us-data-centers/operators/qts-data-centers)** · [QTS Data Centers (Blackstone BREIT / BPP) Global Hyperscale Portfolio & 3+ GW Pipeline Report](https://www.qtsdatacenters.com/about-us/esg) (Annual Report · 2025): Covers QTS's $25B+ leased development pipeline across Northern Virginia (Manassas, Ashburn), Phoenix (Glendale, Tempe), Atlanta (Fayeteville, Suwanee), Dallas-Fort Worth (Fort Worth, Irving), New Albany, Cedar Rapids, and Europe (Eemshaven, Groningen, Northumberland Cambois). - **Operator** · [https://www.sec.gov/Archives/edgar/data/1297996/000110465926086270/dlr-20260723xex99d1.htm](https://www.sec.gov/Archives/edgar/data/1297996/000110465926086270/dlr-20260723xex99d1.htm) (8-K): During the second quarter of 2026, Digital Realty acquired: Digital Realty delivered record Core FFO per share in the quarter, reflecting robust customer demand and strong execution across our core pillars of growth,” said President and Chief Executive Officer Andy Power. “Digita - **Operator** · [Digital Realty acquires 1,440-acre Astra Enterprise Park site near Kansas City for about $475 million](https://www.sec.gov/Archives/edgar/data/1297996/000119312526276844/d50837dex991.htm) (8-K · 2026): Digital Realty Form 8-K: Announces acquisition of the 1,440-acre Astra Enterprise Park development site near Charlotte, North Carolina, supporting up to 2 GW of potential data center capacity. - **Operator** · [Digital Realty to buy Blackstone blended 64% interest in Digital Carver Dulles 9 and Brickyard JVs (three Northern Virginia hyperscale data centers)](https://www.sec.gov/Archives/edgar/data/1297996/000119312526288761/d100507d8k.htm) (8-K · 2026): Digital Realty Form 8-K (June 29, 2026): Agrees to acquire Blackstone's blended 64% interest in four hyperscale data center campuses across Frankfurt, Paris, and Northern Virginia for approximately $1.55 billion, spanning 10 facilities with 413 MW of planned IT load (234 MW operating and 179 MW under construction or planned). - **Operator** · [Digital Realty Trust Form 10-K, fiscal year 2025](https://www.sec.gov/Archives/edgar/data/1297996/000110465926015365/dlr-20251231x10k.htm) (10-K · FY 2025): Digital Realty FY 2025 Form 10-K: Discloses 308 data centers globally (121 in the United States, 112 in Europe, 36 in Latin America, 16 in Asia, 16 in Africa, 6 in Australia, and 3 in Canada), led by Northern Virginia (16 facilities, 5.20 million sq ft), Dallas (16 facilities, 2.66 million sq ft), Chicago (7 facilities, 2.23 million sq ft), Frankfurt (24 facilities, 2.10 million sq ft), Johannesburg (5 facilities, 1.68 million sq ft), Amsterdam (13 facilities, 1.43 million sq ft), London (13 facilities, 1.35 million sq ft), Paris (12 facilities, 1.26 million sq ft), and Singapore (3 facilities, 810,000 sq ft). - **Operator** · [https://www.sec.gov/Archives/edgar/data/1297996/000110465926120212/dlr-ex99d1.htm](https://www.sec.gov/Archives/edgar/data/1297996/000110465926120212/dlr-ex99d1.htm) (8-K): “Digital Realty extended its track record of execution in the third quarter with record leasing, an expanding backlog, and another quarter of double-digit earnings growth,” said Digital Realty President and Chief Executive Officer Andy Power. During the third quarter of 2026, Dig - **Operator** · [Alphabet 2025 Annual Report on Form 10-K](https://www.sec.gov/Archives/edgar/data/1652044/000165204426000018/goog-20251231.htm) (10-K · FY 2025): Alphabet FY 2025 Form 10-K (Note 4 Leases & Note 6 Commitments): Discloses $91.45 billion in purchases of property and equipment in 2025 (up from $52.54 billion in 2024), $58.5 billion in uncommenced lease commitments primarily for data centers ($5.8 billion short-term and $52.7 billion long-term, commencing 2026 to 2031 over 1 to 25 year terms), $15.90 billion in credit backstop obligations for third-party data center leases, and a definitive agreement to acquire data center and energy developer Intersect for $4.8 billion in cash plus assumed debt. - **Operator** · [Alphabet Inc. FY 2024 Form 10-K Annual Report (Technical Infrastructure & Data Center Capital Expenditures)](https://www.sec.gov/Archives/edgar/data/1652044/000165204425000014/goog-20241231.htm) (10-K · FY 2024): Reports $52.5B in FY 2024 capital expenditures primarily for technical infrastructure including servers, TPU clusters, and global hyperscale data center campuses across North America, Europe, and Asia-Pacific, alongside $75B projected FY 2025 technical infrastructure investment. - **Operator** · [Alphabet Q4 2024 Earnings Release](https://s206.q4cdn.com/479360582/files/doc_financials/2024/q4/2024q4-alphabet-earnings-release.pdf) (8-K / Earnings Release · Q4 2024): This earnings release details Alphabet's financial performance for the fourth quarter and fiscal year ended December 31, 2024. It provides consolidated revenue figures, segment operating results for Google Services and Google Cloud, and key metrics such as operating income, net income, and employee headcount. - **Operator** · [CyrusOne (KKR & Global Infrastructure Partners) 2025 Sustainability & Global Portfolio Report](https://www.cyrusone.com/sustainability/sustainability-report/) (Annual Report · 2025): Details CyrusOne's 55+ operational and under-development hyperscale data centers across North America (Northern Virginia, Dallas-Fort Worth, Phoenix, San Antonio, Chicago, Aurora), Europe (Frankfurt FRA1-FRA7, London, Amsterdam, Madrid, Milan), and Japan (Osaka OSK1), supported by $9.7B in green warehouse and ABS debt facilities. - **Operator** · [QTS Data Centers (Blackstone BREIT / BPP) Global Hyperscale Portfolio & 3+ GW Pipeline Report](https://www.qtsdatacenters.com/about-us/esg) (Annual Report · 2025): Covers QTS's $25B+ leased development pipeline across Northern Virginia (Manassas, Ashburn), Phoenix (Glendale, Tempe), Atlanta (Fayeteville, Suwanee), Dallas-Fort Worth (Fort Worth, Irving), New Albany, Cedar Rapids, and Europe (Eemshaven, Groningen, Northumberland Cambois). - **Operator** · [Amazon 2025 Annual Report on Form 10-K](https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm) (10-K · FY 2025): Amazon FY 2025 Form 10-K (Note 4 & Segment Disclosures): AWS property and equipment additions (including finance leases) reached $96.50 billion in 2025 (up from $53.27 billion in 2024 and $24.84 billion in 2023), out of $142.35 billion in consolidated capital additions. As of December 31, 2025, the AWS segment comprised 28.4 million leased square feet and 28.5 million owned square feet (excluding corporate facilities), backed by approximately 200 million megawatt-hours of long-term contracted energy (16-year weighted-average remaining duration). - **Operator** · [Amazon.com, Inc. FY 2024 Form 10-K Annual Report (AWS Data Center CapEx & Leased/Owned Square Footage)](https://www.sec.gov/Archives/edgar/data/1018724/000101872425000004/amzn-20241231.htm) (10-K · FY 2024): Discloses $83.0B in total FY 2024 property and equipment additions driven by AWS AI and cloud infrastructure, 49.7M sq ft of owned and 26.4M sq ft of leased AWS data center facilities globally, and multi-gigawatt nuclear and renewable power agreements across Virginia, Ohio, Pennsylvania, Oregon, and Mississippi. - **Operator** · [Meta 8-K 2026-10-21](https://www.sec.gov/Archives/edgar/data/1326801/000162828026066700/meta-20261019.htm) (8-K · 2026): Meta (SEC EDGAR) Meta 8-K 2026-10-21 (2026, United States): - **Operator** · [Meta 10-Q 2026-10-22](https://www.sec.gov/Archives/edgar/data/1326801/000162828026066773/meta-20260930.htm) (10-Q · Q3 2026): Meta Q3 2026 Form 10-Q: Reports Q3 2026 total revenue of $64.60 billion (up 26% year-over-year) and continued expansion of AI and technical infrastructure capital expenditures across owned data center campuses and third-party colocation commitments. - **Operator** · [Meta 2025 Annual Report on Form 10-K](https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm) (10-K · FY 2025): Meta FY 2025 Form 10-K (Item 2, Note 5 & Note 9 Leases): Discloses 30 owned data center locations globally plus leased data center and colocation sites, $233.73 billion in gross property and equipment ($176.40 billion net) including $50.52 billion of construction in progress (mostly data centers and network infrastructure, up from $26.80 billion in 2024), $103.77 billion in uncommenced lease obligations (mostly for data centers and colocations, commencing 2026 to 2030 over 1 to 30 year terms), and a $4.30 billion net asset contribution in October 2025 to a joint venture co-developing a data center campus in Louisiana. - **Operator** · [Vantage Data Centers $9.2B North America & EUR 1.5B EMEA Equity Financing & 35-Campus Report](https://vantage-dc.com/news/vantage-data-centers-completes-9-2-billion-equity-investment-led-by-digitalbridge-and-silver-lake/) (8-K / Earnings Release · 2025): Details $9.2B in upsized equity investment led by DigitalBridge and Silver Lake alongside €1.5B from AustralianSuper across 35+ hyperscale campuses totaling >2.6 GW in North America (Ashburn, Quincy, Santa Clara, Phoenix, Atlanta, Columbus), EMEA (Frankfurt, Berlin, Zurich, Milan, Dublin, Cardiff, London), and APAC (Cyberjaya, Taipei, Osaka, Melbourne). - **Operator** · [Microsoft Corporation FY 2025 Form 10-K Annual Report (Cloud & AI Datacenter Capital Expenditures & Lease Commitments)](https://www.sec.gov/Archives/edgar/data/789019/000095017025100235/msft-20250630.htm) (10-K · FY 2025): Discloses $64.6B in FY 2025 additions to property and equipment and over $108B in finance leases not yet commenced for hyperscale cloud and AI datacenters across 60+ announced Azure regions in the United States, Europe, and Asia-Pacific. - **Operator** · [CPP Investments and Equinix to acquire atNorth from Partners Group for US$4 billion EV](https://www.sec.gov/Archives/edgar/data/1101239/000110123926000051/a2026-geminipressreleasexf.htm) (8-K / Earnings Release · 2026): Equinix Form 8-K: CPP Investments and Equinix agree to acquire Nordic data center operator atNorth from Partners Group for an enterprise value of $4.0 billion (Equinix 40% stake, CPP Investments 60% stake). - **Operator** · [Equinix Form 8-K, Item 2.02: second quarter 2026 results](https://investor.equinix.com/sec-filings/all-sec-filings/content/0001101239-26-000145/0001101239-26-000145.pdf) (8-K / Earnings Release · Q2 2026): Equinix Q2 2026 Form 8-K (Item 2.02): Reports Q2 2026 revenue of $2.625 billion (up 16%), adjusted EBITDA of $1.396 billion (53% margin), AFFO of $1.168 billion, $424 million of annualized gross bookings, 9,700 net interconnections added, 52 major projects underway across 33 markets, and FY 2026 guided capital expenditures of $5.000 to $6.000 billion. - **Operator** · [Equinix Form 10-Q for quarter ended 2026-03-31](https://investor.equinix.com/sec-filings/all-sec-filings/content/0001101239-26-000091/0001101239-26-000091.pdf) (10-Q · 2026-03-31): Equinix Q1 2026 Form 10-Q: Reports 281 data centers across 77 markets globally (including 23 xScale hyperscale data centers), Q1 2026 revenue of $2.444 billion, adjusted EBITDA of $1.245 billion, AFFO of $1.065 billion, $1.256 billion in Q1 capital expenditures ($705 million Americas, $329 million EMEA, $222 million Asia-Pacific), and $22.08 billion in total debt principal outstanding. - **Operator** · [Equinix Form 10-K for fiscal year ended 2025-12-31](https://investor.equinix.com/sec-filings/all-sec-filings/content/0001101239-26-000032/0001101239-26-000032.pdf) (10-K · 2025-12-31): Equinix FY 2025 Form 10-K: Reports FY 2025 revenue of $9.217 billion, adjusted EBITDA of $4.530 billion, AFFO of $3.761 billion, and capital expenditures of $4.311 billion across 32.4 million gross sq ft globally, with 51,900 cabinets under construction ($6.549 billion estimated completion cost) and over 500,000 interconnections. - **Operator** · [Document](https://www.sec.gov/Archives/edgar/data/1101239/000110123926000145/a991eqix-q226xpr.htm) (8-K · Q2 2026): “We delivered an exceptionally strong Q2. Monthly recurring revenue grew double digits for the third straight quarter, new interconnections on our platform hit a record level, and disciplined execution drove robust profit growth,” said Adaire Fox-Martin, CEO and President, Equini - **Operator** · [DataBank $2.0B Equity Financing (AustralianSuper & DigitalBridge) & 65+ US Data Center Footprint Report](https://www.databank.com/resources/press-releases/databank-raises-2-0-billion-in-equity-led-by-australiansuper/) (8-K / Earnings Release · 2025): Discloses $2.0B in new equity capital led by AustralianSuper and DigitalBridge plus $1.1B+ in securitized debt to fund 850+ MW of hyperscale and edge colocation developments across Atlanta (Lithia Springs, South Fulton), Culpeper (Red Cloud), Dallas (Plano), Salt Lake City (Bluffdale), and New York/New Jersey (Orangeburg). - **Operator** · [Tract Capital Master-Planned Gigawatt Data Center Land & Power Parks Portfolio Report](https://www.tract.com/news/) (Annual Report · 2025): Details Tract's 23,000+ acre portfolio of zoned, utility-served gigawatt data center parks across Reno (Storey County, Nevada), Buckeye (Maricopa County, Arizona), Eagle Mountain (Utah), Caldwell County (Texas), Hanover County (Virginia), and Carver/Dakota Counties (Minnesota). - **Operator** · [STACK Infrastructure (Blue Owl / IPI Partners) Global 4+ GW Hyperscale Campus Report](https://www.stackinfra.com/about/news-press/) (Annual Report · 2025): Details STACK Infrastructure's multi-gigawatt operational and development footprint across Americas (Northern Virginia, Portland/Hillsboro, Phoenix, Dallas, Silicon Valley, Chicago, New Albany, Toronto), EMEA (Milan, Frankfurt, Geneva, Zurich, Oslo), and APAC (Tokyo, Osaka, Seoul, Johor Bahru 220MW, Melbourne, Canberra, Perth). - **Operator** · [PowerHouse Data Centers (American Real Estate Partners) Northern Virginia, Reno & Dallas Campus Report](https://www.powerhousedata.com/news) (Annual Report · 2025): Covers PowerHouse Data Centers' 30+ building hyperscale powered-shell and turnkey developments across Ashburn, Arcola, and Spotsylvania (Virginia), Reno (Nevada), Irving (Texas), and Charlotte (North Carolina) in joint ventures with Harrison Street and Chirisa. - **Operator** · [CoreWeave Ellendale ND - SEC 8-k filing](https://www.sec.gov/Archives/edgar/data/1144879/000164117225013199/form8-k.htm) (8-K): # SEC 8-k filing Primary Source URL: https://www.sec.gov/Archives/edgar/data/1144879/000164117225013199/form8-k.htm Publisher: US Securities and Exchange Commission Referenced Frontier Data Center Campus: CoreWeave Ellendale ND (Ellendale, United States) Evidence Summary: Primary - **Operator** · [Applied Digital 10-Q 2026-10-07](https://www.sec.gov/Archives/edgar/data/1144879/000114487926000059/apld-20260831.htm) (10-Q · May 2026): Applied Digital reported $262.6M of HPC Hosting Business revenue and $37.8M of Data Center Hosting revenue for the three months ended August 31, 2026. Its Polaris Forge 1 campus (Ellendale, ND) reached its full 150 MW second HPC building as of filing, with a 150 MW third building under construction for 2027, while Polaris Forge 2 (300 MW), Polaris Forge 3 (300 MW) and Delta Forge 1 (300 MW) are under construction. On October 4, 2026 the company signed a PPA with Base Electron for ~1,200 MW of dedicated natural gas generation for the Polaris Forge 3 expansion. - **Operator** · [Applied Digital Form 10-K for fiscal year ended 2026-05-31](https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000048/0001144879-26-000048.pdf) (10-K · 2026-05-31): This is the Annual Report on Form 10-K for Applied Digital Corporation for the fiscal year ended May 31, 2026. The document provides comprehensive disclosures regarding the company's business operations, risk factors, financial condition, and property holdings as required by the SEC. - **Operator** · [Applied Digital Corp. Form 10-K, fiscal year ended May 31, 2026](https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm) (10-K · FY 2026): As of May 31, 2026, Applied Digital had executed long-term HPC leases for approximately 1,410 MW of critical IT load across five campuses, representing about $36.2B of total contracted revenue over initial 15-year base terms. Roughly 1.5 GW is contracted and operating or under construction, of which about 100 MW was operating and revenue-generating, with an active power pipeline of over 3 GW and an extended pipeline of more than 5 GW. The legacy Data Center Hosting Business operates 286 MW across Jamestown and Ellendale, North Dakota. - **Operator** · [Applied Digital Form 8-K, Item 7.01: investor presentation](https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000036/0001144879-26-000036.pdf) (Presentation · 2026): This Form 8-K filing by Applied Digital Corporation announces the company's entry into a new lease agreement at its Delta Forge 1 Campus. It includes an updated investor presentation and a press release detailing the company's latest operational developments. - **Operator** · [Applied Digital Form 10-K for fiscal year ended 2025-05-31](https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-25-000021/0001144879-25-000021.pdf) (10-K · 2025-05-31): This is the Annual Report on Form 10-K for Applied Digital Corporation for the fiscal year ended May 31, 2025. It provides comprehensive financial statements, business operations, risk factors, and property disclosures for the company's data center and digital infrastructure operations in the United States. - **Operator** · [Compass Datacenters (Brookfield Infrastructure & Ontario Teachers') $5.5B Modular Campus Report](https://www.compassdatacenters.com/resources/) (Annual Report · 2025): Covers Compass Datacenters' multi-hundred-megawatt hyperscale campuses in Red Oak and Waxahachie (Dallas-Fort Worth, Texas), Leesburg and Prince William County (Northern Virginia), Goodyear (Phoenix, Arizona), Meridian (Mississippi), and Milan/Montreal. - **Operator** · [Core Scientific Form 10-K for fiscal year ended 2025-12-31](https://investors.corescientific.com/sec-filings/all-sec-filings/content/0001628280-26-013305/0001628280-26-013305.pdf) (10-K · 2025-12-31): Core Scientific FY 2025 Form 10-K: Discloses 10 owned or leased data center facilities across 7 U.S. states (Alabama, Georgia, Kentucky, North Carolina, North Dakota, Oklahoma, and Texas) with approximately 1.4 GW of gross utility power capacity and 920 MW of total leasable customer power capacity (including approximately 590 MW contracted with CoreWeave). - **Operator** · [Sabey Data Centers (Sabey Corp. & National Real Estate Advisors) Hydro-Powered Portfolio Report](https://sabeydatacenters.com/resources) (Annual Report · 2025): Details Sabey Data Centers' >450 MW Intergate portfolio across Central Washington (Intergate.Quincy, Intergate.Columbia in East Wenatchee), Seattle (Intergate.Seattle), Ashburn (Intergate.Ashburn), Manhattan (375 Pearl Street), Round Rock (Austin), and Umatilla (Oregon). - **Operator** · [CloudHQ Global Hyperscale Data Center Campus Portfolio & Multi-Billion Project Financing Report](https://www.cloudhq.com/news/) (Annual Report · 2025): Discloses CloudHQ's hyperscale campus developments across Northern Virginia (Manassas, Ashburn, Culpeper), Mount Prospect (Chicago, Illinois), Chaska (Minnesota), Offenbach (Frankfurt), Didcot (Oxfordshire, UK), and Lisses (Paris, France). - **Operator** · [Document](https://www.sec.gov/Archives/edgar/data/1083301/000162828026064757/muskieexpansionpr.htm) (8-K): TeraWulf operates the Lake Mariner Data Campus in New York and is developing and pursuing additional large-scale campuses in Kentucky, New York and Maryland. In August, the Kentucky Public Service Commission approved the separate electric service agreement for TeraWulf’s Justifie - **Operator** · [TeraWulf Inc. Form 10-K, fiscal year 2025](https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm) (10-K · FY 2025): TeraWulf FY 2025 Form 10-K: Discloses 245 MW of energized mining capacity and 18 MW of energized critical IT HPC leasing capacity at the Lake Mariner Data Campus in New York (with power and infrastructure rights up to 750 MW), alongside the 168 MW critical IT load Abernathy HPC Campus joint venture in Texas and the acquisition of the 210 MW Morgantown power generation facility in Maryland. - **Operator** · [Cipher Digital 8-K 2026-10-14](https://www.sec.gov/Archives/edgar/data/1819989/000119312526421035/d77312d8k.htm) (8-K · 2026): Cipher Digital (SEC EDGAR) Cipher Digital 8-K 2026-10-14 (2026, United States): - **Operator** · [Cipher Digital 8-K 2026-10-13](https://www.sec.gov/Archives/edgar/data/1819989/000119312526419743/d134900d8k.htm) (8-K · 2026): Cipher Digital (SEC EDGAR) Cipher Digital 8-K 2026-10-13 (2026, United States): - **Operator** · [Cipher Digital 8-K 2026-10-16](https://www.sec.gov/Archives/edgar/data/1819989/000119312526424297/d313847d8k.htm) (8-K · 2026): Cipher Digital (SEC EDGAR) Cipher Digital 8-K 2026-10-16 (2026, United States): - **Operator** · [Cipher Digital Inc. Form 10-K, fiscal year 2025](https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm) (10-K · FY 2025): Cipher Digital FY 2025 Form 10-K: Discloses 600 MW of HPC data centers under development across two Texas campuses (300 MW gross capacity at Barber Lake leased to Fluidstack/Google and 300 MW gross capacity at Black Pearl in Wink, Texas under a 15-year lease with Amazon Web Services), 207 MW operating at Odessa, Texas, a 200 MW site in Ohio (Ulysses), and 1.67 GW of ERCOT pipeline sites (Stingray, Reveille, McLennan, Mikeska, and Milsing). - **Operator** · [Crusoe Energy Systems & Blue Owl $15B Abilene Texas Lancium Clean Campus AI Data Center Report](https://www.crusoe.ai/resources/blog) (8-K / Earnings Release · 2025): Details the 1.2 GW Abilene, Texas Lancium Clean Campus (Phase 1 200 MW + Phase 2 1,000 MW across 8 buildings backed by $15B in project debt and equity with Blue Owl and Primary Digital Infrastructure) alongside clean-compute deployments in Wyoming and Iceland. - **Operator** · [DC BLOX $1.15B Green Loan & Southeastern US Hyperscale Edge Data Center Footprint Report](https://www.dcblox.com/news/dc-blox-secures-1-15-billion-green-loan-to-accelerate-hyperscale-data-center-growth-in-the-southeast/) (8-K / Earnings Release · 2025): Discloses $1.15B in senior secured green credit facilities and equity backing from Bain Capital and Post Road Group to build out hyperscale and edge colocation campuses across Atlanta (Conyers, Douglasville, Villa Rica), Birmingham, Huntsville, Chattanooga, Greenville, and Myrtle Beach Cable Landing Station. - **Operator** · [CoreWeave, Inc. Form 10-K, fiscal year 2025](https://www.sec.gov/Archives/edgar/data/1769628/000176962826000104/crwv-20251231.htm) (10-K · FY 2025): CoreWeave FY 2025 Form 10-K: Discloses 43 operating data centers with over 850 MW of active power as of December 31, 2025 (up from 32 data centers and approximately 360 MW of active power as of December 31, 2024), with more than 3.1 GW of contracted power capacity across its development pipeline. - **Operator** · [Gotspace Data Partners New England Hyperscale Campus Development Pipeline Report](https://www.gotspacedata.com/) (Annual Report · 2025): Details Gotspace Data Partners' multi-hundred-megawatt greenfield data center campus proposals across Connecticut (Bozrah, Griswold, Groton, Wallingford, Torrington) and New England industrial energy corridors. - **Operator** · [Aligned Data Centers (Macquarie Asset Management) $12B Equity & Debt Financing & 5+ GW Pipeline Report](https://aligneddc.com/news-and-press/aligned-data-centers-raises-over-12-billion-in-equity-and-debt-financing/) (8-K / Earnings Release · 2025): Discloses $5B in primary equity led by Macquarie Asset Management and $7B+ in debt commitments to expand over 5 GW of operational and planned capacity featuring Delta3 air and DeltaFlow liquid cooling across Phoenix, Salt Lake City, Dallas, Northern Virginia, Chicago, Ohio, Oregon, and Latin America. - **Operator** · [AVAIO Digital Partners $3B+ North American & European Sustainable Data Center Campus Report](https://www.avaio.com/digital) (Annual Report · 2025): Covers AVAIO Digital's multi-gigawatt sustainable hyperscale data center development campuses across Brandon (Mississippi, $6B Project Chili), Appomattox (Virginia, 300 MW), Little Rock (Arkansas), Pittston (Pennsylvania), and Dublin. - **Operator** · [Energy Storage Solutions Microgrid-Backed US Hyperscale Data Center Campus Report](https://www.datacenterdynamics.com/en/news/) (Annual Report · 2025): Details Energy Storage Solutions' behind-the-meter battery energy storage and natural-gas microgrid-powered hyperscale data center campuses across North Carolina (Fayetteville, Tarboro, Rocky Mount) and Michigan (Benton Harbor). - **Operator** · [Hut 8 Corp. (NASDAQ: HUT) FY 2024 Form 10-K Annual Report (1,020 MW Energy Capacity & River Bend AI Campus)](https://www.sec.gov/Archives/edgar/data/1964789/000155837025002614/hut-20241231x10k.htm) (10-K · FY 2024): Reports 1,020 MW of Energy Capacity Under Management across 15 sites in the United States and Canada (including Vega 205 MW in Texas, Salt Creek, King Mountain, and 5 colocation data centers) plus a 12,300 MW development pipeline anchored by the 300 MW River Bend AI data center campus in Louisiana. - **Operator** · [Nebius Group N.V. (NASDAQ: NBIS) Form 20-F Annual Report (Mäntsälä 75MW Expansion & New Jersey 300MW AI Factory)](https://www.sec.gov/Archives/edgar/data/1513845/000110465925041200/nbis-20241231x20f.htm) (10-K · FY 2024): Details Nebius's $2.4B cash balance and $700M NVIDIA/Accel private placement funding the expansion of its owned Mäntsälä data center in Finland to 75 MW, a 300 MW greenfield AI data center campus in Vineland, New Jersey, and colocation clusters in Kansas City, Paris, and Iceland. - **Operator** · [EdgeCore Digital Infrastructure (Partners Group) $4.2B Financing & 1+ GW Hyperscale Campus Report](https://edgecore.com/news/) (Annual Report · 2025): Discloses over $4.2B in equity and green debt financing led by Partners Group across EdgeCore's 300+ MW Mesa (Phoenix), Culpeper and Ashburn (Virginia), Reno (Tahoe-Reno Industrial Center), Santa Clara (Silicon Valley), and Louisa County hyperscale data center campuses. - **Operator** · [5C Data Centers North American AI & Hyperscale Colocation Infrastructure Report](https://5cdatacenters.com/) (Annual Report · 2025): Details 5C Data Centers' high-density liquid-cooled AI and hyperscale colocation campuses across Columbus (Ohio), Dallas-Fort Worth (Texas), Phoenix (Arizona), and Atlanta (Georgia). - **Operator** · [Skybox Datacenters & Prologis $4B+ Powered Shell & Turnkey Hyperscale Development Report](https://www.skyboxdatacenters.com/news) (Annual Report · 2025): Covers Skybox Datacenters' joint venture with Prologis and Bandera Ventures developing multi-hundred-megawatt campuses in Dallas-Fort Worth (Legacy, Lancaster, Plano), Austin (Hutto, Pflugerville), Chicago (Elk Grove Village), and Northern Virginia. - **Operator** · [Cologix (Stonepeak Infrastructure) $1.5B Equity & ABS Financing & 45+ North American Interconnection Sites Report](https://www.cologix.com/news-and-events/press-releases/) (Annual Report · 2025): Details Cologix's 45+ carrier-hotel interconnection and Scalelogix hyperscale edge facilities across Columbus (8+ sites, 200+ MW), Ashburn, Dallas, Silicon Valley, New Jersey, Minneapolis, Montreal, Toronto, and Vancouver. - **Operator** · [Stream Data Centers (Apollo Global Management) 4+ GW Hyperscale Campus Development Report](https://www.streamdatacenters.com/resources/news/) (Annual Report · 2025): Discloses Stream Data Centers' >4 GW hyperscale development platform (acquired by Apollo-managed funds) spanning Phoenix (Goodyear), Chicago (Elk Grove), Dallas-Fort Worth (Garland, Wilmer), San Antonio, Atlanta, and Northern Virginia. - **Operator** · [Prime Data Centers (Macquarie & Snowhawk) Global Hyperscale Wholesale Campus Report](https://primedatacenters.com/news/) (Annual Report · 2025): Covers Prime Data Centers' wholesale hyperscale campuses across Chicago (Elk Grove Village 175 MW), Phoenix (Avondale), Sacramento (McClellan Park), Silicon Valley (Santa Clara), Los Angeles (Vernon), Dallas (Garland), and Denmark/Spain. - **Operator** · [H5 Data Centers 22-Market US Carrier Hotel & Edge Colocation Portfolio Report](https://h5datacenters.com/press-releases.html) (Annual Report · 2025): Details H5 Data Centers' 4M+ sq ft US colocation and interconnection portfolio across Ashburn, Atlanta, Charlotte, Cincinnati, Cleveland, Colorado Springs, Denver, Phoenix, Quincy, San Antonio, San Jose, San Luis Obispo, and Seattle. - **Operator** · [Crusoe Energy Systems & Blue Owl $15B Abilene Texas Lancium Clean Campus AI Data Center Report](https://www.crusoe.ai/resources/blog#crusoe-energy-systems) (8-K / Earnings Release · 2025): Details the 1.2 GW Abilene, Texas Lancium Clean Campus (Phase 1 200 MW + Phase 2 1,000 MW across 8 buildings backed by $15B in project debt and equity with Blue Owl and Primary Digital Infrastructure) alongside clean-compute deployments in Wyoming and Iceland. - **Operator** · [Corscale Data Centers (Patrizia Infrastructure) Gainesville Crossing & Hyperscale Campus Report](https://www.corscale.com/news/) (Annual Report · 2025): Details Corscale's 300+ MW Gainesville Crossing hyperscale data center campus in Prince William County, Northern Virginia, alongside pipeline developments in Dallas-Fort Worth and Phoenix. - **Operator** · [xAI Corp. $18B+ Series B/C Financing & Memphis Colossus 200,000-GPU Supercluster Infrastructure Report](https://x.ai/blog/colossus) (8-K / Earnings Release · 2025): Discloses $12B+ in Series B/C equity financings and the buildout of the Colossus AI supercluster in Memphis, Tennessee (3230 Riverport Road) and Southaven, Mississippi (2400 Stateline Road power and compute expansion), scaling from 100,000 to over 200,000 liquid-cooled NVIDIA Hopper/Blackwell GPUs. - **Operator** · [IREN Limited (Iris Energy, NASDAQ: IREN) FY25 Form 20-F Annual Report (Childress 750MW & Sweetwater 2GW)](https://www.sec.gov/Archives/edgar/data/1878848/000110465925084210/iren-20250630x20f.htm#iris) (10-K · FY 2025): Discloses 810 MW of operating data center capacity and a 2,910 MW grid-connected power and land portfolio across Childress, Texas (750 MW), Sweetwater, Texas (1,400 MW Sweetwater 1 and 600 MW Sweetwater 2), and British Columbia (160 MW across Canal Flats, Mackenzie, and Prince George). - **Operator** · [Riot Platforms, Inc. (NASDAQ: RIOT) FY 2024 Form 10-K Annual Report (Rockdale 700MW & Corsicana 1GW Campuses)](https://www.sec.gov/Archives/edgar/data/1167419/000155837025001920/riot-20241231x10k.htm) (10-K · FY 2024): Details Riot's 700 MW Rockdale Facility and 1,000 MW (1.0 GW) Corsicana Facility in Navarro County, Texas (with 400 MW operational and 600 MW substation expansion undergoing formal AI/HPC hyperscale evaluation) plus Kentucky operations. - **Operator** · [T5 Data Centers North American Hyperscale Turnkey & Facility Management Portfolio Report](https://t5datacenters.com/news/) (Annual Report · 2025): Covers T5 Data Centers' owned and operated campuses across Chicago (T5@Chicago and Grayslake), Atlanta (T5@Atlanta, Augusta), Charlotte (T5@Kings Mountain), Dallas (T5@Dallas Plano), Minneapolis, Portland (Hillsboro), and Colorado Springs. - **Operator** · [EdgeConneX (EQT Infrastructure) 2025 Sustainability & 50+ Global Market Capacity Report](https://www.edgeconnex.com/company/sustainability/) (Annual Report · 2025): Reports EdgeConneX operating and developing 80+ data centers across 50+ global markets in North America (Phoenix, Hillsboro, Ashburn, Atlanta, Chicago, New Albany), Europe (Amsterdam, Brussels, Dublin, Madrid, Barcelona, Warsaw), and Asia-Pacific (Jakarta, Kuala Lumpur, Johor, Chennai, Mumbai). - **Operator** · [Menlo Digital (Menlo Equities) US Powered-Shell & Turnkey Data Center Portfolio Report](https://menloequities.com/data-centers/) (Annual Report · 2025): Details Menlo Digital's institutional data center portfolio across Silicon Valley (Santa Clara), Phoenix (Mesa, Chandler), Northern Virginia, Dallas, and Portland. - **Operator** · [Rhea Data US Hyperscale Greenfield Land & Power Development Portfolio Report](https://www.datacenterdynamics.com/en/news/#rhea-data) (Annual Report · 2025): Covers Rhea Data's large-scale powered-land and hyperscale data center campus developments across the Midwest and Southern United States. - **Operator** · [Iron Mountain Incorporated Form 10-K, fiscal year 2025](https://www.sec.gov/Archives/edgar/data/1020569/000102056926000013/irm-20251231.htm) (10-K · FY 2025): Iron Mountain FY 2025 Form 10-K: Reports 488 MW of operating leasable data center capacity as of December 31, 2025, plus 852 MW under construction or held for development, for a total potential data center portfolio capacity of 1,340 MW. - **Operator** · [Bitdeer Technologies Group (NASDAQ: BTDR) Form 20-F Annual Report (2.6 GW Global Power & AI Datacenter Pipeline)](https://www.sec.gov/Archives/edgar/data/1899123/000110465925034101/btdr-20241231x20f.htm) (10-K · FY 2024): Discloses 895 MW of active electrical capacity and a 1.7 GW pipeline (2.6 GW total) across Rockdale, Texas (562 MW), Clarington (570 MW) and Massillon (221 MW) in Ohio, Wenatchee in Washington, Tydal in Norway (225 MW), and Jigmeling in Bhutan (600 MW). - **Operator** · [Switch, Inc. (DigitalBridge & IFM Investors) Tier 5 Prime Campus & 100% Renewable Power Report](https://www.switch.com/esg/) (Annual Report · 2025): Details Switch's five North American Prime hyperscale campus ecosystems: The Core Campus (Las Vegas, Nevada), The Citadel Campus (Tahoe Reno, Nevada), The Rock Campus (Austin and Round Rock, Texas), The Keep Campus (Atlanta, Georgia), and The Pyramid Campus (Grand Rapids, Michigan). - **Operator** · [Yondr Group (DigitalBridge & La Caisse) Global Hyperscale Campus Portfolio (Slough, Frankfurt, Johor, Loudoun)](https://www.yondrgroup.com/news/) (Annual Report · 2025): Covers Yondr Group's 1+ GW hyperscale development portfolio across London Slough (100 MW campus across 3 buildings), Frankfurt (40 MW Bischofsheim), Johor Sedenak Tech Park (300 MW campus backed by $150M IFC loan), Northern Virginia (Loudoun County 96 MW), and Toronto (27 MW). - **Operator** · [MARA Holdings, Inc. (NASDAQ: MARA) FY 2024 Form 10-K Annual Report (1.7 GW Owned & Hosted Compute Capacity)](https://www.sec.gov/Archives/edgar/data/1507605/000150760525000012/mara-20241231.htm) (10-K · FY 2024): Discloses 1.7 GW of energized and owned/operated data center capacity across Granbury (300 MW), Wolf Hollow, and Garden City in Texas, Kearney in Nebraska, Ellendale in North Dakota, Findlay and Hannibal in Ohio, and international wind/hydro sites. - **Operator** · [CleanSpark, Inc. (NASDAQ: CLSK) Form 10-K Annual Report (900+ MW Owned Data Center Portfolio Across GA, MS, TN, WY)](https://www.sec.gov/Archives/edgar/data/827876/000095017024131510/clsk-20240930.htm) (10-K · FY 2024): Details CleanSpark's wholly-owned data center portfolio exceeding 900 MW of contracted power across Georgia (Sandersville, College Park, Norcross, Washington, Dalton), Mississippi (Meridian, Vicksburg), Tennessee (Knoxville area), and Cheyenne, Wyoming.