DataBank is constructing a 480 MW knowledge heart campus close to Dallas that may home as many as eight, two-story knowledge facilities—its largest undertaking to this point—as the corporate dramatically expands its capability to satisfy the rising demand for synthetic intelligence computing wants throughout the nation.
The information heart campus, already below building on 292 acres of land in Crimson Oak, Texas, is the third land acquisition by the Dallas-based firm up to now 12 months.
The corporate’s mixed growth throughout greater than 450 acres will present 5.8 million sq. ft of information heart area and 792 MW of important IT load throughout three websites. The opposite areas are a 95-acre, 120 MW campus in Atlanta acquired in October 2023 and an 85-acre, 192 MW campus in Culpeper, Va., acquired in November 2023.
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The three new campuses will greater than double DataBank’s portfolio. The corporate had 2.7 million sq. ft of information facilities and 375 MW of energy at its areas earlier than the acquisitions. The corporate said the growth will place it to capitalize on AI-generated colocation demand for years to come back. DataBank notes the three websites shall be best areas for its enterprise, massive know-how, AI and hyperscale public cloud prospects, whereas positioning the corporate for important future development.
Firm growth
Section 1 of the Crimson Oak campus will function 4 buildings and a 400 MW substation from Oncor that may ship as much as 240 MW of important IT energy with the flexibility to extend this in Section 2 for a complete of 480 MW throughout eight buildings. Plans name for the preliminary section to be prepared for service by the second quarter of 2026.
DataBank said the services constructed on the Crimson Oak campus will leverage its Common Information Corridor Design, which is able to guarantee capability will be rapidly deployed to satisfy the wide-ranging sustainability and efficiency necessities of all prospects together with enterprises, hyperscale cloud suppliers and rising AI functions that want the very best attainable energy and cooling density.
DataBank notes Crimson Oak has change into a significant submarket in Dallas, attracting the world’s largest cloud and know-how suppliers. DFW9 would be the firm’s ninth facility within the Dallas market, the place it additionally has its headquarters.
DataBank accomplished its third Dallas-area knowledge heart, DFW3 in Plano, Texas, in August 2018. That 145,000-square-foot facility has 13.5MW of important IT capability and options greater than 72,000 sq. ft of raised ground area aimed toward build-to-suit deployments.
The corporate at present has greater than 65 knowledge facilities in additional than 27 markets, 20 interconnection hubs and on-ramps to an ecosystem of cloud suppliers.
DataBank’s growth throughout the U.S. has been aided by a $725 million credit score facility secured in April. The capital is funding ongoing growth in present markets, together with campuses in Dallas, Denver, New York, Minneapolis and Salt Lake Metropolis. It was supported by a gaggle of 14 digital infrastructure banks, together with TD Securities as the executive agent and joint lead arranger. It got here quickly after DataBank issued $456 million in secured notes in February. The issuance certified as a inexperienced bond based mostly on the initiatives being refinanced assembly sustainability standards for water conservation, carbon emissions discount and energy utilization. DataBank’s purpose is to be carbon impartial by 2030.
