Jul 18, 2026 | Posted by Abdul-Rahman Oladimeji
Headwaters Site Development, an affiliate of Stream Data Centers, is planning a data center campus called Project Saltworks on an approximately 890-acre site in Graham, Texas. The proposed development would include 15 data center buildings on land south of Lake Graham, near FM 61 and FM 209.
Stream’s Project Saltworks is expected to require around $10 billion in investment, though the project’s planned data center capacity has not been disclosed. A tax impact assessment estimated that a $1 billion valuation would generate around $14 million in revenue for local school and hospital districts. Earlier this month, hydrogen company Plug Power sold Stream 66 acres of land in Graham and a 164MW grid connection for $76.5 million.
It is unclear whether Headwaters has formally submitted an application for Project Saltworks. DCD has contacted the company for confirmation. The City of Graham has approved placing funds into escrow to cover project consultant fees, which will be reimbursed by Headwaters. Located around 90 miles (145km) west of Dallas-Fort Worth, Graham currently has no listed data centers, according to Data Center Map.
