Investment Structure

Colin County Data Center Financing

Capital Requirements

The Colin County Data Center project requires $481.5 million in total capital, structured across two distinct phases: pre-construction due diligence and engineering, followed by construction and full operational build-out.

Total Project Funding: $481.5 Million

Phase 1 (Due Diligence & Engineering): $1,500,000

Phase 2 (Construction & Build-Out): $480,000,000

Total: $481,500,000

Phase 1: Pre-Construction Studies & Engineering

The initial $1.5 million phase supports the detailed technical and operational planning required before construction begins.

Due Diligence Studies

  • Environmental assessments
  • Geotechnical surveys
  • Infrastructure capacity analysis
  • Regulatory compliance review

Engineering & Architecture

  • Civil engineering design
  • Infrastructure architecture
  • Systems integration planning
  • Build specifications

Permitting & Approvals

  • Local permitting process
  • Environmental clearances
  • Infrastructure coordination
  • Regulatory documentation

Project Management

  • Engineering oversight
  • Schedule management
  • Budget tracking
  • Stakeholder coordination

Phase 1 Timeline & Outcome

Expected Duration: 3 months
Output: Completed engineering documents, all required permits, and finalized construction budget and schedule

Phase 2: Construction & Operational Build-Out

The $480 million construction phase encompasses the complete buildout of the 40 MW data center facility, including all infrastructure, computing equipment, and systems integration.

Infrastructure Development ($240-260M)

  • Site preparation & grading
  • Building construction
  • Power distribution systems
  • Cooling infrastructure
  • Water systems
  • Access & security systems

Compute Space Build-Out ($120-140M)

  • Raised flooring systems
  • Electrical distribution
  • Cable management
  • Environmental controls
  • Monitoring systems

Server & IT Equipment ($80-100M)

  • Server hardware
  • Networking equipment
  • Storage systems
  • Management infrastructure
  • Installation & integration

Project & Operational Systems ($40-60M)

  • Project management
  • Construction management
  • Systems commissioning
  • Staff training
  • Operational startup

Phase 2 Timeline & Capacity

Expected Duration: 18-21 months
Output: Fully operational 40 MW hyperscale data center with complete compute infrastructure
Capacity: Ready for immediate deployment of operational computing workloads

Capital Deployment Strategy

The capital deployment is designed to follow natural project phases, with Phase 1 funding enabling detailed engineering and permitting before major construction expenditures begin in Phase 2.

Phase 1 Funding ($1.5M)

Timing: Months 0-3
Purpose: Engineering, permitting, approvals
Deliverable: Approved designs and permits

Phase 2 Funding ($480M)

Timing: Months 3-24
Purpose: Construction, equipment, integration
Deliverable: Operational facility

Funding Certainty & De-Risking

With land acquisition complete, power already contracted, and operational partnership secured, the Colin County project has eliminated many of the traditional risks associated with data center development. The capital structure directly funds infrastructure and equipment deployment rather than speculative land acquisition or power development.

Why This Investment

Key Investment Benefits

  • De-Risked Fundamentals: Land, power, and operational partner already secured
  • Clear Capital Path: Two distinct, achievable funding phases
  • Infrastructure Certainty: 40 MW Power Purchase Agreement eliminates power risk
  • Operational Expertise: Secured compute partner brings management capacity
  • Market Timing: Invests in infrastructure facing severe capacity constraints
  • Rapid Deployment: Streamlined development path from funding to operations