Top 10 Data Center Deals & Developments — Week of 2026-09-07
Week of 2026-09-07 · Published September 7, 2026
Market Context
The U.S. data center market continues to shatter capital expenditure records as hyperscalers commit over $710 billion in 2026 to support surging generative AI workloads and specialized compute clusters. Institutional developers are shifting toward multi-gigawatt campuses in emerging secondary markets where secured, dispatchable power capacity has become the single most valuable asset. With 92% of North America's 35 GW under construction already pre-leased, mega-land acquisitions and dedicated energy agreements define the latest wave of high-density infrastructure investments.
Rankings
Oracle & OpenAI 'Stargate' Megacampus, Abilene TX
$100B · Multi-GW · Abilene TX
A monumental AI supercomputing joint venture campus designed to anchor large-scale training clusters for next-generation frontier models.
BlackRock Acquisition of Aligned Data Centers, National
$40B M&A · Multi-GW Pipeline · National US
BlackRock spearheaded an institutional consortium acquisition to capture one of North America's fastest-growing hyperscale and AI-ready wholesale portfolios.
Vantage Data Centers Megacampus, Shackelford County TX
$25B · 1.4 GW · Shackelford County TX
Vantage is developing a massive gigawatt-scale hyperscale development designed to create over 5,000 jobs and power specialized AI workloads.
Google Montgomery County Hyperscale Campus, Montgomery County MO
$15B · Multi-MW · Montgomery County MO
Google secured a multi-billion-dollar development footprint in Missouri to build out critical AI cloud processing facilities.
Microsoft Mount Pleasant AI Campus, Mount Pleasant WI
$13B+ total ($3.3B online) · Mount Pleasant WI
Microsoft completed initial facilities as part of a planned 15-data-center AI campus development at the former Foxconn development site.
Amazon Montgomery County AI Hub, Montgomery County MO
$10B · Multi-hundred MW · Montgomery County MO
Amazon announced a large-scale regional investment to extend AWS cloud and AI compute capacity into the emerging Missouri data center corridor.
SpaceX & Reflection AI Compute Contract at Colossus, National
$6.3B Lease/Offtake · Colossus Campus
Reflection AI contracted for dedicated supercomputing capacity at SpaceX's Colossus campus in one of the largest single AI off-take transactions to date.
Meta AI Megacampus, Lebanon IN
1 GW Capacity · Lebanon IN
Meta commenced construction on a 1 GW AI-specialized hyperscale campus backed by major grid and sub-station allocations.
Digital Realty 1,440-Acre Land Acquisition & Power Agreement, Kansas City MO
$475M Land / 2 GW Potential · 1,440 Acres · Kansas City MO
Digital Realty acquired 1,440 acres with an Energy Service Agreement delivering 600 MW by early 2028 and scaling to 2 GW at full buildout.
Chevron & Microsoft Dedicated Power & Campus Agreement, Pecos TX
20-Year PPA · Dedicated Generation · Pecos TX
A benchmark 20-year behind-the-meter co-location and power delivery partnership pairing dedicated energy generation with Microsoft's expanding Pecos AI infrastructure.
Side-by-Side Comparison
| Rank | Deal / Project | Size / Power | Tenant / Buyer | Source | Source |
|---|---|---|---|---|---|
| 1 | Oracle & OpenAI 'Stargate' Megacampus, Abilene TX | $100B · Multi-GW · Abilene TX | A monumental AI supercomputing joint venture campus designed to anchor large-scale training clusters for next-generation frontier models. | - | iRecruit |
| 2 | BlackRock Acquisition of Aligned Data Centers, National | $40B M&A · Multi-GW Pipeline · National US | BlackRock spearheaded an institutional consortium acquisition to capture one of North America's fastest-growing hyperscale and AI-ready wholesale portfolios. | - | Data Center Knowledge |
| 3 | Vantage Data Centers Megacampus, Shackelford County TX | $25B · 1.4 GW · Shackelford County TX | Vantage is developing a massive gigawatt-scale hyperscale development designed to create over 5,000 jobs and power specialized AI workloads. | - | iRecruit |
| 4 | Google Montgomery County Hyperscale Campus, Montgomery County MO | $15B · Multi-MW · Montgomery County MO | Google secured a multi-billion-dollar development footprint in Missouri to build out critical AI cloud processing facilities. | - | Data Center Knowledge |
| 5 | Microsoft Mount Pleasant AI Campus, Mount Pleasant WI | $13B+ total ($3.3B online) · Mount Pleasant WI | Microsoft completed initial facilities as part of a planned 15-data-center AI campus development at the former Foxconn development site. | - | Data Center Knowledge |
| 6 | Amazon Montgomery County AI Hub, Montgomery County MO | $10B · Multi-hundred MW · Montgomery County MO | Amazon announced a large-scale regional investment to extend AWS cloud and AI compute capacity into the emerging Missouri data center corridor. | - | Data Center Knowledge |
| 7 | SpaceX & Reflection AI Compute Contract at Colossus, National | $6.3B Lease/Offtake · Colossus Campus | Reflection AI contracted for dedicated supercomputing capacity at SpaceX's Colossus campus in one of the largest single AI off-take transactions to date. | - | Global Data Center Hub |
| 8 | Meta AI Megacampus, Lebanon IN | 1 GW Capacity · Lebanon IN | Meta commenced construction on a 1 GW AI-specialized hyperscale campus backed by major grid and sub-station allocations. | - | iRecruit |
| 9 | Digital Realty 1,440-Acre Land Acquisition & Power Agreement, Kansas City MO | $475M Land / 2 GW Potential · 1,440 Acres · Kansas City MO | Digital Realty acquired 1,440 acres with an Energy Service Agreement delivering 600 MW by early 2028 and scaling to 2 GW at full buildout. | - | Data Center Knowledge |
| 10 | Chevron & Microsoft Dedicated Power & Campus Agreement, Pecos TX | 20-Year PPA · Dedicated Generation · Pecos TX | A benchmark 20-year behind-the-meter co-location and power delivery partnership pairing dedicated energy generation with Microsoft's expanding Pecos AI infrastructure. | - | Data Center Knowledge |
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 →