Top 10 Data Center Deals & Developments — Week of 2026-07-20
Week of 2026-07-20 · Published July 20, 2026
Market Context
The data center sector continues to see unprecedented capital inflow this July as hyperscalers secure massive land holdings in secondary markets to meet long-term AI training demands. Missouri and Indiana have emerged as the new epicenters for multi-billion dollar campuses, while private equity funds are aggressively seeding new platforms focused specifically on high-density AI inference.
Rankings
Google $15B Missouri Hyperscale Campus
$15B investment · Montgomery County, MO
Google committed a staggering $15 billion to develop a high-capacity infrastructure hub in Montgomery County to support its next-generation AI models.
Amazon AWS $10B Montgomery County Campus
$10B investment · Montgomery County, MO
Part of a massive regional expansion, Amazon is investing $10 billion to build a high-capacity hyperscale facility adjacent to other major tech hubs in Missouri.
Digital Realty $3.25B Hyperscale Data Center Fund
$3.25B Equity · $10B+ Investment Capacity
The REIT closed its inaugural U.S. fund to fuel over $10 billion in development projects targeting AI-driven demand in Tier 1 markets like Ashburn and Dallas.
Amazon AWS $15B Northern Indiana Expansion
$15B · 2.4 Gigawatts · 1,100 Jobs
Amazon announced a multi-year project to deliver 2.4 gigawatts of capacity across Northern Indiana, representing one of the largest power commitments in CRE history.
Amazon AWS Ashburn GWU Campus Acquisition
$427M · 120 Acres · Ashburn, VA
AWS acquired the 120-acre George Washington University campus to expand its footprint in the world's most dense data center market.
Hyperscale Data Michigan AI Campus Expansion
48.5 Acres · 83-Acre Total Campus
The company doubled its Michigan footprint by acquiring 48.5 additional acres to support expanded high-performance computing services.
I Squared Capital $225M Cogent Portfolio Acquisition
$225M · 10 Facilities · $1B Expansion Plan
Acquisition of 10 data centers to seed a new U.S. platform dedicated to high-density AI inference and edge computing applications.
Equinix $5B Annual AI Capex Ramp-Up
$5B Annual Capex · 47% Increase
Equinix increased its annual capital expenditure budget to $5 billion through 2029 specifically to integrate enterprise AI services into its global hubs.
Digital Realty Vernon Data Center Site Acquisition
$49M · Development Site · Vernon, CA
A strategic land purchase in the Los Angeles metro to secure inventory in a high-demand, low-vacancy market.
Equinix Record Q4 Bookings and 2026 Forecast
$474M Gross Bookings · $10.2B Revenue Target
Surging demand for AI integration drove record bookings, with the company projecting revenue to exceed $10 billion for the 2026 fiscal year.
Side-by-Side Comparison
| Rank | Deal / Project | Size / Power | Tenant / Buyer | Source | Source |
|---|---|---|---|---|---|
| 1 | Google $15B Missouri Hyperscale Campus | $15B investment · Montgomery County, MO | Google committed a staggering $15 billion to develop a high-capacity infrastructure hub in Montgomery County to support its next-generation AI models. | - | Data Center Knowledge |
| 2 | Amazon AWS $10B Montgomery County Campus | $10B investment · Montgomery County, MO | Part of a massive regional expansion, Amazon is investing $10 billion to build a high-capacity hyperscale facility adjacent to other major tech hubs in Missouri. | - | Data Center Knowledge |
| 3 | Digital Realty $3.25B Hyperscale Data Center Fund | $3.25B Equity · $10B+ Investment Capacity | The REIT closed its inaugural U.S. fund to fuel over $10 billion in development projects targeting AI-driven demand in Tier 1 markets like Ashburn and Dallas. | - | Commercial Observer |
| 4 | Amazon AWS $15B Northern Indiana Expansion | $15B · 2.4 Gigawatts · 1,100 Jobs | Amazon announced a multi-year project to deliver 2.4 gigawatts of capacity across Northern Indiana, representing one of the largest power commitments in CRE history. | - | Commercial Observer |
| 5 | Amazon AWS Ashburn GWU Campus Acquisition | $427M · 120 Acres · Ashburn, VA | AWS acquired the 120-acre George Washington University campus to expand its footprint in the world's most dense data center market. | - | Blackridge Research |
| 6 | Hyperscale Data Michigan AI Campus Expansion | 48.5 Acres · 83-Acre Total Campus | The company doubled its Michigan footprint by acquiring 48.5 additional acres to support expanded high-performance computing services. | - | PR Newswire |
| 7 | I Squared Capital $225M Cogent Portfolio Acquisition | $225M · 10 Facilities · $1B Expansion Plan | Acquisition of 10 data centers to seed a new U.S. platform dedicated to high-density AI inference and edge computing applications. | - | I Squared Capital |
| 8 | Equinix $5B Annual AI Capex Ramp-Up | $5B Annual Capex · 47% Increase | Equinix increased its annual capital expenditure budget to $5 billion through 2029 specifically to integrate enterprise AI services into its global hubs. | - | Bisnow |
| 9 | Digital Realty Vernon Data Center Site Acquisition | $49M · Development Site · Vernon, CA | A strategic land purchase in the Los Angeles metro to secure inventory in a high-demand, low-vacancy market. | - | Bisnow |
| 10 | Equinix Record Q4 Bookings and 2026 Forecast | $474M Gross Bookings · $10.2B Revenue Target | Surging demand for AI integration drove record bookings, with the company projecting revenue to exceed $10 billion for the 2026 fiscal year. | - | Commercial Observer |
Rankings are built using live web research and publicly available data. Sources are cited inline. This content is for informational purposes only and does not constitute investment advice. View all rankings →