Data Centers in Texas

Project Matador, the Texas panhandle campus now marketed at 17 GW with roughly 6 GW permitted. TensorWave signed a 15-year, $6.5B lease for the first 222 MW building in August 2026, with deliveries staged for the second half of 2027. Satellite imagery through spring 2026 showed land clearing, not vertical construction.

Target: 2027Source: Bisnow (Aug 2026)Basis: developer disclosed MW, press reportedDetails & sources

Proposed 5 GW behind-the-meter data center hub near Laredo, billed as the world's largest. Commercial operations targeted for 2029; no permits, tenants, or construction reported.

Target: 2029Source: RGV Business Journal (Feb 2026)Basis: developer disclosed MW, press reportedDetails & sources

3 GW campus in Hopkins County that broke ground in February 2025; Phase I is 800 MW with the first building targeted for late 2026 and full build by 2029.

Target: 2029Source: Gilmer Mirror (Feb 2026)Basis: developer disclosed MW, developer-stated campus costDetails & sources

Google's $40B Texas expansion. Two Haskell County campuses are under construction, and a third Google-linked campus in Ranger received a county tax abatement in April 2026. No megawatt figure has been published.

Target: 2027Source: KTXS (May 2026)Basis: malachi.energy estimate MW, multi-site or statewide commitmentDetails & sources

2,000-acre behind-the-meter AI campus with a 20-year Chevron gas supply deal (June 2026) and no ERCOT interconnect; final investment decision due by end of 2026. The $8B is the midpoint of Chevron's power plant capex; campus cost is undisclosed.

Target: 2028Source: Chevron (Jun 2026)Basis: press or analyst reported MW, on-site power plant cost onlyDetails & sources

Vantage Data Centers' massive West Texas campus near Abilene, part of the emerging Texas data center corridor.

Target: 2026Source: Epoch AI (Apr 2026)Basis: developer disclosed MW, developer-stated campus costDetails & sources

OpenAI's flagship Stargate campus. Buildings 1-4 serving about 420 MW of IT load as of September 2026, buildings 5-8 structurally complete, full 1.2 GW projected by late 2026. A 600 MW expansion was scrapped in March 2026. Investment is Epoch AI's projected site cost at full buildout; the $100B figure often quoted is the program-wide Stargate commitment.

Target: 2026Source: Epoch AI (Sep 2026)Basis: developer disclosed MW, third-party analyst estimateDetails & sources

SB Energy-operated Stargate campus in central Texas. Building 1 framed, first delivery targeted for October 2026, full 1.2 GW by Q4 2028.

Target: 2026Source: Epoch AI (Apr 2026)Basis: developer disclosed MW, third-party analyst estimateDetails & sources

Meta's 1 GW far west Texas campus, raised to a $10B+ commitment from Meta in March 2026, with about $14B in total development costs for the buildings and supporting power, cooling, and connectivity infrastructure. A BlackRock-led venture took an 80% stake in July 2026; more than 2,300 workers on site, with capacity coming online from 2028.

Target: 2028Source: Meta (Jul 2026)Basis: developer disclosed MW, developer-stated campus costDetails & sources

Galaxy Digital's Helios campus delivered Phase I (133 MW of IT load, a $1.7B build) to CoreWeave in Q2 2026, with Phase II (260 MW) due from the first half of 2027. CoreWeave has committed to the campus's original 800 MW of approved power; ERCOT approved another 830 MW in January 2026 for a total of 1.63 GW, with no tenant yet for the addition.

Target: 2026Source: Galaxy, SEC 8-K (Oct 2025)Basis: developer disclosed MW, developer-stated first-phase costDetails & sources

CyrusOne's two-phase 760 MW campus co-located with Calpine generation broke ground in June 2026. First building targeted for Q4 2026; $1.5B covers the first three buildings.

Target: 2026Source: Freestone County Times (Jun 2026)Basis: developer disclosed MW, developer-stated first-phase costDetails & sources

Google-backed campus for Anthropic in Hill County, up to 600 MW in its first phase with a developer target of 7.7 GW. Nexus reached a final investment decision in August 2026 on a roughly $16B project finance package for that phase; the first building has been under construction since January 2026 and is due in October 2027.

Target: 2027Source: W.Media (Aug 2026)Basis: press or analyst reported MW, press reportedDetails & sources