Data Center News

Applied Digital Starts Work on 430MW Data Center Campus

Data center firm Applied Digital this week announced that it has broken ground on Delta Forge 1, an AI factory campus located in a “strategic southern US market.” Delta Forge 1 is designed to support an initial 430MW of total utility power, enabling up to 300MW of IT load, with the ability to ...

January 21, 2026

Applied Digital

B&W to Supply Applied Digital with Over 1GW of Natural Gas Power

US energy technology provider Babcock & Wilcox (B&W) has signed an agreement with data center developer Applied Digital to supply it with more than 1GW of natural gas power. The company also expects to sign a long-term parts and services agreement once the plant becomes operational. Th...

November 08, 2025

Applied Digital

Applied Digital Plans AI Data Center Campus in North Dakota

Former cryptomine company turned AI data center firm Applied Digital this week announced plans for Polaris Forge 2, a $3 billion, 280MW campus near Harwood in Cass County. "We believe Polaris Forge 2 represents the next stage in Applied Digital’s rapid growth and our position as a leader in d...

August 19, 2025

Applied Digital

CoreWeave to Lease Another 150MW of Capacity at Applied Digital

CoreWeave has agreed to lease an additional 150MW of data center capacity from Applied Digital. This builds on a previous leasing agreement made in June 2025 for 250MW, netting Applied Digital around $7 billion over the 15-year contract term. This has now been increased to $11bn.“These long-te...

August 01, 2025

Applied Digital

Applied Digital Signs 250MW Agreement with CoreWeave

Crypto and HPC data center firm Applied Digital has entered into two 15-year lease agreements with CoreWeave to deliver 250MW of IT load to its data center campus in Ellendale, North Dakota. Following terms of the agreement, CoreWeave retains the option to access an additional 150MW of critica...

June 03, 2025

Applied Digital

Applied Digital Proposes "Multi-Billion-Dollar" Facility

Applied Digital is looking to develop a multi-billion-dollar data center in Deuel County, South Dakota which could see up to $16 billion in investment and create up to 200 high-paying jobs. In addition, Applied Digital has committed to improving local fiber infrastructure, and to minimize the ...

May 21, 2025

Applied Digital

Apollo Global Management is acquiring Argo Infrastructure Partners.

Investment giant Apollo Global Management is acquiring Argo Infrastructure Partners in a deal that will add approximately $6 billion of assets to the Apollo infrastructure platform. Argo is the majority owner of US data center firm TierPoint, which operates around 40 facilities across 18 US m...

January 20, 2025

TierPoint

Macquarie invests in Applied Digital's AI data center business

Investment firm Macquarie Asset Management (MAM) is set to invest $5 billion into Applied, a cryptomining firm pivoting to AI and HPC data centers. Under the deal, MAM will invest up to $900 million in Applied's Ellendale campus in development in North Dakota, and has the right of first refusa...

January 20, 2025

Applied Digital

TierPoint aims to raise $925 million through securitized loans

TierPoint seeks to raise $925 million by selling A-rated data center revenue notes from Kroll Bond Rating Agency. The exchange is TierPoint's first and is backed by 31 colocation data centers with approximately $397.2 million in annualized monthly frequent revenue and $198.3 million in yearly...

June 29, 2023

TierPoint

TierPoint announces completion of new data center in St. Louis, Missouri

TierPoint has announced that its St. Louis data center in Missouri, which was announced back in September 2021, is complete. The facility, spanning 23,000 sqft (2,100 sqm), is a Tier III-quality facility that offers 14,500 sq ft (1,350 sqm) of production or raised floor space.The facility saw...

August 05, 2022

TierPoint

SDN Communications Is Expanding Its Data Center in Sioux Falls, South Dakota

SDN Communications has announced that it is expanding its data center located at Sioux Falls, South Dakota. The US broadband provider will add a 25,000 square foot (2,320 square meter) pod to the existing structure. This will increase the total space to 50,000 square feet. According to SDN, th...

March 25, 2022

South Dakota

Argo Infrastructure Partners Invests $500m in TierPoint

TierPoint has announced that Argo Infrastructure Partners has invested $500 million into its business. The move sees Argo Infrastructure Partners become the largest single equity investor in the firm. TierPoint will use the net proceeds from the transaction to expand the company and provide...

March 02, 2022

TierPoint

TierPoint to build new data center in Missouri

TierPoint has announced that it is expanding in Missouri by investing $20 million into building a 23,000 square feet Tier III data center in the St. Louis region. The data center firm already has three facilities in Missouri; two in St. Louis and one in Kansas City. TierPoint has also secur...

September 10, 2021

TierPoint

Dakota State University wants $6m for data center remodeling

Dakota State University (DSU) has requested $6 million and $1.8 million to replace its existing data center and IT hardware, respectively. The request was made during a meeting between South Dakota’s public university system and its governing body. DSU asked for funds to replace its existing d...

June 25, 2021

South Dakota

TierPoint Raises $320 Million from Consortium of Investors (PR)

ST. LOUIS – TierPoint, a leading provider of secure, connected data center and cloud solutions at the edge of the internet, announced it has reached an agreement that will result in new, preferred equity investments totaling $320 million, which the company expects to be closed and funded by m...

March 24, 2020

TierPoint

TierPoint Launches Cloud Connect Express for connections to Azure and AWS from All TierPoint Locations

TierPoint, a leading provider of secure, connected data center and cloud solutions at the edge of the internet, today announced the launch of its new Cloud Connect Express (CCX) service. Leveraging TierPoint’s network assets and Zayo’s CloudLink solution, CCX provides TierPoint customers with ...

October 16, 2018

TierPoint

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