The AI Buildout Tracker

Nebius broke ground on May 12, 2026 on a roughly 400-acre, up to 1.2 GW AI factory campus in Independence, Missouri, its first gigawatt-scale build in the US. The project is expected to bring 1,200 construction jobs and 30 to 50 million dollars a year in city tax revenue, after drawing local opposition during permitting.

Nebius detailed plans for a second US gigawatt-scale AI factory campus, at Highridge Business Park in Schuylkill County, Pennsylvania, wholly owned and operated by Nebius with PPL supplying grid power. The township has approved a data center overlay zoning district for the site, but no groundbreaking has been reported as of this run.

NextEra Energy and Brookfield announced a roughly 100 billion dollar AI data center campus at the US Department of Energy's former Paducah uranium enrichment site in western Kentucky. NextEra will build and own new gas and battery generation for the campus, Brookfield will own and operate the data centers, and operations are targeted to begin in 2028 with full buildout by 2032.

Meta's first titan cluster, built at its New Albany campus outside Columbus and designed to be the company's first AI supercluster online. Meta signed nuclear power agreements in January 2026, including with Vistra, to help supply it.

An AI optimized campus in northeast El Paso that Meta is financing through a roughly $14 billion venture with BlackRock, Global Infrastructure Partners and HPS. Meta will be the sole occupant and expects to start bringing capacity online in 2028.

xAI's second Memphis campus at 5420 Tulane Road in Whitehaven, now the main site for Grok training. It leans on a behind the meter gas turbine plant across the state line in Southaven that drew a Clean Air Act suit from the NAACP in April 2026.

Announced in June 2026, Meitner is Google's second co-located data center and generation complex in Texas, developed with Intersect Power, which Alphabet acquired outright in March 2026. Most of the site's power comes from clean generation built alongside the campus.

Google confirmed in March 2026 that it is the company behind the previously code named Project Cannoli, a roughly 130 acre, 1 GW hyperscale campus proposed for a 282 acre site in Van Buren Township near Detroit. Van Buren Township approved a preliminary site plan in February 2026 and a supporting substation in May 2026, but no construction start had been reported as of this run.

Hut 8 converted its South Texas power position into a 1 GW AI campus and leased all 704 MW of critical IT capacity to an undisclosed investment-grade tenant for $19.6 billion in base-term contract value. Reuters, citing the Financial Times, reported Nvidia is the anchor tenant, and Hut 8 raised $4.25 billion of investment-grade senior secured notes to fund the build with Jacobs as EPCM contractor.

TeraWulf acquired a 1 GW-plus HPC campus site in eastern Kentucky in May 2026, backed by an electric service agreement with Kentucky Power for up to 1 GW. Initial service is expected in the fourth quarter of 2028 with phased development after that.

Crusoe and Lancium announced a 1.0 GW AI data center campus in Childress, Texas in July 2026, their second joint site after Abilene. Lancium handles land and power interconnect while Crusoe designs, builds and operates the facility for an unnamed hyperscale tenant, with construction expected to start in the third quarter of 2026.

Alongside its Rockdale lease, Riot Platforms disclosed a non-binding letter of intent covering about 1 GW of AI data center capacity at its Corsicana, Texas campus in August 2026. Corsicana is Riot's largest power position and the LOI would convert it from bitcoin mining to AI hosting.

Cipher Mining formed a majority owned joint venture in November 2025 to develop Colchis, a 1 GW HPC site on about 620 acres in Tom Green County, Texas near San Angelo, adjacent to AEP's Red Creek substation. Cipher has a signed 1 GW direct connect power agreement with AEP targeting 2028 energization, a fifth named Cipher site distinct from its tracked Barber Lake, Black Pearl, Stingray and Apollo campuses, but construction has not yet begun and no tenant has been publicly named.

G42 is building a 1GW OpenAI-anchored AI cluster in Abu Dhabi with OpenAI, Oracle, Nvidia, Cisco and SoftBank, the largest AI campus announced outside the US. Construction is well underway with the first 200MW phase slated for completion in Q3 2026.

Google broke ground in April 2026 on its largest AI hub outside the US, a roughly $15B gigawatt-scale campus in Visakhapatnam built with Adani's AdaniConneX and Airtel's Nxtra. The five year build includes a new international subsea gateway and renewable power.

Reliance is building a gigawatt-scale AI data center in Jamnagar as part of a roughly $110B AI infrastructure plan, with the first 120MW running Nvidia GB300s due online by end of 2026. Reliance and Meta announced in June 2026 that a 168MW AI-enabled facility within the campus, cooled with desalinated seawater and renewable-powered, will be leased to Meta. The broader site is positioned as India's sovereign AI backbone.

Meta broke ground on a roughly 9.2 billion dollar, 1 GW AI data center campus in Sturgeon County northeast of Edmonton, its first data center in Canada. The site will be physically powered primarily by the Greenlight Electricity Centre, a new gas-fired plant being built by a consortium including Pembina Pipeline, while Meta says it will match the campus's electricity use with clean and renewable energy.

AWS bought this campus next to Talen's 2.5 GW Susquehanna nuclear plant in 2024 and is expanding it as the anchor of a $20 billion Pennsylvania build-out. Talen calls it the world's first 24x7 carbon free co-located data center campus.

Cipher acquired an option on a site near San Antonio, Texas supporting up to 900 MW of data center capacity across about 288 acres. The company disclosed the option in its second quarter 2026 business update as part of its pipeline beyond Barber Lake, Black Pearl and Stingray.

Galaxy Digital converted its Helios bitcoin mining site in West Texas into an AI data center campus leased entirely to CoreWeave under 15-year agreements. Phase I reached completion in July 2026 with 133 MW of critical IT load handed over and rent starting, and the campus has regulatory approval for more than 800 MW.

IREN converted its Childress, Texas bitcoin mining campus into an AI cloud site and delivered the first 50 MW Horizon 1 building to Microsoft in August 2026 under a five-year, $9.7 billion cloud services contract. The buildout runs on Nvidia GB300 NVL72 systems supplied through Dell and is funded in part by a $3.65 billion investment-grade GPU financing closed in June 2026.

Nexus Data Centers is building a gas powered AI campus in Hubbard, Texas with Anthropic as anchor tenant, construction running from January 2026 to October 2027 on the first building. Google is guaranteeing billions of dollars of Anthropic's lease and power payment obligations in exchange for roughly 20 percent equity, and on August 19, 2026 Eagle Point Credit Management closed a 1.3 billion dollar mezzanine tranche within a roughly 15 to 16 billion dollar project financing package led by Morgan Stanley.

Pure Data Centres Group, a London-headquartered developer, launched a 550 MW AI campus at Seinajoki, Finland, calling it the largest ever inward investment into Finland by a UK company. Bloomberg reported Microsoft among the customers signed up for capacity, and the initial data hall's substation is already built and energized while construction continues on the leased first phase.

Aligned Data Centers broke ground in April 2026 on Project Caprock, a 540 MW hyperscale campus in Texas built for AI workloads. The project follows a roughly $40 billion recapitalization of Aligned led by a BlackRock-backed AI infrastructure consortium.

Bell's sovereign AI infrastructure program is building six hydro-powered AI data centers in British Columbia totaling about 500MW, starting with a 26MW site at Thompson Rivers University in Kamloops. Cohere signed on as an anchor AI customer, running models on Bell AI Fabric capacity at Merritt with BUZZ HPC and Hypertec hardware on Nvidia's platform.

YTL Power and Nvidia are developing $2.36B of AI infrastructure at YTL's 500MW green data center park in Johor, including Malaysia's first Nvidia-powered AI data center, which went live in October 2025. The largely solar-powered campus also supports a Malaysian sovereign large language model effort.

TeraWulf converted its Lake Mariner bitcoin mining site on Lake Ontario into an AI data center campus leased to neocloud Fluidstack under 10-year hosting agreements. Google backstops the leases with $600 million of credit support and took an equity stake in TeraWulf, with CB-4 delivering in the second half of 2026 and CB-5 phasing in during early 2027.

Applied Digital broke ground in January 2026 on a 430 MW AI factory campus in central Louisiana, its first outside North Dakota. A US-based high investment-grade hyperscaler signed on in April 2026 under a lease worth about $7.5 billion of base-term revenue, with service targeted for calendar 2027.

TeraWulf signed a 20-year lease with Anthropic for roughly 401 MW of critical IT capacity at its Justified campus in western Kentucky, worth about $19 billion of contracted revenue. The site already has an energized substation and existing high-voltage transmission, with initial delivery targeted for the second half of 2027 and full ramp by early 2028.

Applied Digital's flagship AI factory campus in Ellendale, North Dakota is leased to CoreWeave and reached 175 MW of live capacity when its second building was delivered in July 2026. The company raised $1.59 billion of senior secured notes in June 2026 to fund a fourth 150 MW building at the site.

Nebius is building out a New Jersey region at Vineland to serve a five-year, $17.4 billion GPU capacity agreement with Microsoft. Vineland city council approved the original phase in August 2025 after local opposition over noise and emissions, and the planning board approved a second phase in August 2026 that expands the site toward about 350 MW.

Nebius is investing about $10B in a 310MW AI factory in Lappeenranta, Finland, announced in March 2026 as one of Europe's largest dedicated AI compute sites. First capacity is expected to reach customers in 2027.

Applied Digital's fourth campus pushed the company past 1 GW of contracted capacity when it signed a 300 MW lease with a US-based high investment-grade hyperscaler in May 2026. Initial operations are anticipated in August 2027.

Cipher signed a 15-year, 300 MW AI data center lease with Amazon Web Services in November 2025 worth roughly $5.5 billion. A lease amendment pulled initial delivery forward by two months, and the first capacity was handed over with rent starting in early August 2026.

CoreWeave committed $6 billion to build its own AI data center campus in Lancaster County, Pennsylvania, targeting up to 300 MW of capacity. A Turner and Wohlsen joint venture is building the site, and CoreWeave raised roughly $4 billion of project financing against it in 2025.

CoreWeave started a $1.8 billion data center project in Kenilworth, New Jersey in November 2025, converting part of a former pharmaceutical campus into AI compute. It was the first award under New Jersey's new Economic Development Authority tax credit program for AI infrastructure. The EDA filing discloses 250 MW of capacity across a 392,600 square foot facility, with construction underway since mid-September 2026 and operations targeted for early 2027.

Hut 8 is building a $10 billion AI data center campus in southeast Louisiana anchored by a 15-year, 245 MW lease worth $7.0 billion in total contract value. Fluidstack is the counterparty delivering capacity to Anthropic, with Google backstopping the lease obligations, and Hut 8 closed $3.25 billion of investment-grade debt against the project in 2026.

Prime Data Centers launched the first phase of its 240 MW Phoenix campus in May 2026 as AI infrastructure demand pushed into the Arizona market. The company had originally announced the roughly $2 billion campus in 2023 and accelerated it for AI tenants.

OpenAI's first European site under OpenAI for Countries, a hydropower-fed AI gigafactory in northern Norway built by a 50-50 Nscale and Aker joint venture. OpenAI pulled back as primary offtaker in April 2026 and Microsoft expanded its own agreement, adding more than 30,000 Nvidia Rubin GPUs at the campus. The 230MW capacity target is unchanged, with 100,000 GPUs still targeted by the end of 2026.

Terranova, the Latin American hyperscale data center platform Actis launched in December 2025, broke ground on Campus Campinas in Sao Paulo's Sustainable Development Innovation Hub, one of the first purpose-built AI campuses in Latin America. The initial phase exceeds 500 million dollars of investment, with additional funding through 2029, and uses closed-loop liquid cooling to minimize water use.

Applied Digital signed a 210 MW take-or-pay lease at its fifth AI factory campus in June 2026, extending the franchise model it built in North Dakota to another southern state. Initial operations are anticipated in the first quarter of 2028.

Cipher converted its Barber Lake bitcoin mining site in West Texas into an AI data center leased to neocloud Fluidstack under a 10-year agreement worth about $3 billion. Google backstopped $1.4 billion of the obligations and took an equity stake in Cipher, and the main building topped out in April 2026.

Applied Digital broke ground on its roughly $3 billion second AI factory campus at Harwood, North Dakota in August 2025 and leased it to an investment-grade hyperscaler. The build is financed with $2.15 billion of senior secured notes tied to the project.

CyrusOne partnered with energy developer Eolian in January 2026 to bring a 200 MW data center campus online quickly in Fort Worth, Texas. The arrangement puts dedicated generation and storage next to the site so the campus does not have to wait in the ERCOT interconnection queue.

Humain, the PIF-backed Saudi AI company, is opening data centers in Riyadh and Dammam with an initial 18,000 Nvidia Blackwell chips, and Nvidia AI factories are planned to scale to 500MW. AMD and Cisco announced on 2026-08-31 that AMD Instinct MI355X GPU infrastructure on Cisco Silicon One networking is now live and serving Humain customers, the first production milestone under AMD's separate $10B, 500MW compute deal, with a further 250MW phase due from 2027.

Microsoft and G42 announced a $15.2B UAE investment program including a 200MW data center expansion through G42 subsidiary Khazna, expected online before the end of 2026. Deployments include export-approved Nvidia H100, H200 and GB300 GPUs.

ByteDance is building what is expected to become its largest data center outside China, a roughly 38.4 billion dollar campus at the Pecem port complex in Ceara, Brazil, with contractor Omnia. Construction began in January 2026, and power comes from a 20-year, 2 billion dollar agreement Omnia signed with Casa dos Ventos drawing on the Ibiapaba and Dom Inocencio wind farms.

Vodafone Business, Elsewedy Electric and Cassava Technologies signed an agreement in Cairo on September 8, 2026 to build Egypt's first sovereign AI data center, powered by Nvidia GPUs, through a new joint venture called Africa Data Centers Egypt. The facility starts at 20 MW and is designed to scale to 200 MW, with initial foreign direct investment of about 200 million dollars growing toward a stated target of roughly 1 billion dollars as the project completes.

Riot Platforms signed a 191 MW AI data center lease worth about $9.1 billion at its Rockdale, Texas campus in August 2026, with Bloomberg and CNBC identifying Anthropic as the counterparty. The deal converts part of Riot's largest bitcoin mining site to AI compute and follows an expanded AMD infrastructure agreement earlier in the year.

One of the first two Fluidstack sites under Anthropic's $50 billion US infrastructure program, alongside a New York site. Fluidstack now leads the project after buying out TeraWulf's 50.1 percent stake.

Cerebras Systems and developer Compute Nordic Finland announced a purpose built AI data center in Mikkeli, Finland on August 31, 2026, scaling in phases to 165 MW of contracted capacity for Cerebras's wafer scale AI compute platform. Construction on the initial 50 MW phase is already underway, and the facility uses closed loop water cooling with waste heat recovery for the surrounding community.

SoftBank bought Sharp's former Sakai LCD plant for $676M and is converting it into a 150MW AI data center, expandable to about 250MW, with operations expected from 2026. The site supports the SB OpenAI Japan joint venture and its Cristal enterprise AI push.

SK Group and AWS broke ground in August 2025 on Korea's largest AI data center at Ulsan's Mipo industrial complex, a 103MW site for about 60,000 GPUs backed by roughly 7 trillion won. First 41MW arrives in late 2027 with an MoU to expand toward gigawatt scale.

Foxconn and Nvidia are building Taiwan's fastest AI supercomputer in Kaohsiung on Blackwell GB200 NVL72 systems, with the surrounding AI data center targeted at 100MW. The first phase came online in 2025 with full deployment planned through 2026.

Cipher secured Amazon Web Services as the tenant for a 70 MW HPC facility at its Stingray site, a lease disclosed in an SEC filing in June 2026 and worth roughly $2 billion. The company priced $810 million of 6.000 percent senior secured notes due 2031 that fully fund the build through substantial completion.

Nebius announced a second data center at its Mantsala, Finland flagship campus with 70MW coming online from 2027, part of a European expansion that also includes an Estonia deployment. The additions take its Finnish footprint to 455MW across three sites.

Yotta is spending over $2B to deploy 20,736 Nvidia Blackwell Ultra GPUs at its Greater Noida campus, one of Asia's largest AI superclusters, targeted to go live by August 2026. Nvidia is siting one of Asia-Pacific's largest DGX Cloud clusters on the infrastructure.

Nscale is building the UK's largest AI data center in Essex, where Microsoft will run the country's largest supercomputer on 23,040 Nvidia GB300 GPUs as part of its $30B UK commitment. The initial 50MW phase is expected live in early 2027 after a delay from late 2026.

Nscale's flagship hydropowered AI data center above the Arctic Circle, running Nvidia GPUs that Microsoft rents under a $6.2B compute deal. About 30MW is live with expansion toward 60MW planned.

The first Fairwater facility went fully operational in June 2026 and Microsoft calls it the world's most powerful supercomputer. A second adjacent facility is under construction and scheduled for completion in 2028.

The second site in Microsoft's Fairwater family, which began operating in October 2025 with a two story design and NVIDIA GB200 NVL72 rack scale systems. It is linked to the Wisconsin Fairwater over a dedicated network Microsoft calls its first AI superfactory.

xAI's first Memphis supercomputer, built inside a former Electrolux plant and brought live in 2024 after a 122 day install of about 100,000 H100 GPUs. In May 2026 Anthropic agreed to rent essentially all of its capacity.

xAI's third greater Memphis data center, a retrofit of an existing building in DeSoto County that Mississippi calls the largest economic development project in state history. The company said operations would begin in February 2026.

Google's first co-located data center and clean energy campus with Intersect Power, announced in November 2025 as part of a $40 billion Texas commitment through 2027. The data center broke ground in mid 2026 as the Quantum generation project came online.

Google's flagship Iowa campus, operating since 2009 and repeatedly expanded, including a $1 billion expansion in 2024. In May 2025 Google committed $7 billion more to Iowa covering Council Bluffs and a new Cedar Rapids site.

The Ohio Stargate site is primarily an AI server and data center equipment manufacturing plant run as a SoftBank and Foxconn joint venture, with a smaller grid connected data center alongside. Land clearing was visible by early 2026 but no large data center construction.

AWS announced a third data center campus in the Shreveport area on August 18, 2026, at the Resilient Technology Park industrial site, built by STACK Infrastructure. It brings AWS's combined planned investment across its three Caddo and Bossier Parish area campuses in northwest Louisiana to 18 billion dollars, with AWS covering the utility infrastructure costs.

Amazon disclosed in August 2026 that it is the buyer behind GW Ranch, one of the largest privately owned gas power complexes proposed in the US, built to run an off-grid AI data center campus in Pecos County, Texas outside the ERCOT grid.

Bitfarms, which rebranded as Keel Infrastructure in 2026, is converting the Panther Creek waste coal plant site in Carbon County, Pennsylvania into an AI data center campus. Local officials approved the project in February 2026 and PPL is building new transmission lines and a substation to serve it, though Keel had not announced an anchor tenant as of August 2026.

Core Scientific converted its Denton, Texas bitcoin mining campus into AI hosting space leased to CoreWeave under long-term agreements. Weather delays pushed the handover into early 2026, and CoreWeave deployed roughly 16,000 GPUs at the site in January 2026.

AWS and Humain are jointly investing more than $5B in a dedicated AI Zone in Saudi Arabia with AWS AI chips, UltraCluster networking and services like SageMaker and Bedrock. It is separate from the $5.3B AWS infrastructure region that becomes available in 2026.

Telus opened Canada's first sovereign AI factory in Rimouski in September 2025, an Nvidia-accelerated facility for training and deploying models with data kept in Canada. After selling out early capacity, Telus announced roughly $1B with investors for additional AI data centers in British Columbia in May 2026.