Data Center Investment News — 02/10/2026
October 2, 2026
Written by Angela Cáceres, Siddhi Pandit, Ensar Aljimi
Lefdal Mine acquires data center development site in Norway
Norwegian operator Lefdal Mine Datacenter is expanding beyond its flagship underground facility in Måløy, acquiring Titan Group AS and with it a 40-acre plot earmarked for a data center at Sunnfjord Business Park in Moskog, Vestland County. The company is reportedly planning to invest around NOK 9 billion ($938m) in the project, having agreed to buy the land from Sunnfjord Municipality for NOK 74 million over the summer.
The new site sits roughly 120km from Lefdal’s existing campus, a former olivine mine that currently offers about 37MW of live capacity with a further 43MW under construction. CEO Jørn Skaane framed the move as a way to apply the firm’s operational expertise to a new region and supplier base, and it follows 3i Infrastructure taking a majority stake in the company earlier this year.
Amazon buys land outside Kuala Lumpur, Malaysia
Amazon Data Services Malaysia has entered a conditional agreement to acquire around 1.98 million sq ft of vacant freehold land in Dengkil, Sepang, from property developer Sunsuria for approximately RM316.84 million ($77.6m). The site lies about 40km south of Kuala Lumpur and was bought by Sunsuria in 2015 for less than half that price.
No data center plans for the parcel have been disclosed, but the purchase fits AWS’s growing footprint in the country. The company launched its three-zone Malaysian cloud region in 2024, already operates facilities around Cyberjaya, and has pledged to invest $6 billion in Malaysia by 2037.
Electricity retailer Energa Obrót signs letter of intent for 100MW data center in Konin, Poland
Electricity retailer Energa Obrót, renewables developer Central Energy Group (CGE) and the municipality of Konin have signed a letter of intent to advance a large AI-focused data center in the central Polish city. Led by CGE and developed with JLL, the project carries a total budget of just under €3 billion, with construction slated to begin in early 2027 and a first phase delivering 100MW of IT capacity, potentially rising to 260MW.
Environmental and building permits for phase one were secured earlier this year, and the campus is set to draw power from the nearby Konin coal-fired plant alongside battery storage and solar, with a district heating scheme for waste heat also proposed. Local officials see the project as a chance to position Konin as an AI hub, and it joins a growing Polish pipeline that includes Polcom’s 40MW Skawina facility and a 3.2GW proposal in Choczewo.
Virtus secures £2.45bn in financing for data center build-out
UK operator Virtus Data Centres has closed a £2.45 billion ($3.25bn) financing package from a consortium of 13 banks, coordinated by BNP Paribas, Crédit Agricole CIB, Société Générale and Standard Chartered. The company describes it as one of the largest data center bank financings completed in the UK to date, and it includes a £1.2 billion green capex facility available through term and revolving tranches.
The capital will support continued expansion across the UK and Europe, including the 78MW Saunderton campus in Buckinghamshire and future investment at London19 in Slough. Virtus runs 14 facilities across four Greater London campuses, has projects in development in Germany and Italy, and is owned by STTGDC, with Macquarie Asset Management holding a 40 percent minority stake.
Location and tenant revealed for Applied Digital’s latest data centre campus
Applied Digital has confirmed that its $3.2 billion Delta Forge 2 campus will be built in Brookwood, Alabama, tying the location to the 210MW lease it announced in June without naming a site. Company records point to Meta as the likely tenant, underlining the scale of Applied Digital’s contracted expansion beyond its North Dakota campuses.
The project will span roughly 1.26 million sq ft across 160 acres of a near 1,300-acre site in Tuscaloosa County, with operations targeted for 2028. Local authorities have approved around $314.5 million in tax abatements in exchange for $270 million in community benefits over 20 years, although some residents have raised concerns over transparency and construction runoff.
Google taps Crusoe for new Texas AI data centre campus
Crusoe has confirmed it is the developer behind Google’s AI data center campus in Armstrong County, outside Amarillo, Texas, a project that forms part of the hyperscaler’s $40 billion Texas investment plan through 2027. Construction began in June 2025, and the site now sees more than 5,500 workers on location each day.
The campus connects directly to Serena’s adjacent Goodnight 1 wind farm and the Goodnight 2 project now under construction, giving it access to a combined 531MW of wind generation, with surplus power exported to the grid. It will also use closed-loop, non-evaporative liquid cooling to limit water consumption, reflecting Crusoe’s strategy of building AI capacity at the source of low-cost energy.
AI cloud and data center firm Nscale raises $3.36bn ahead of its IPO
UK-based AI cloud Nscale has raised $3.36 billion in pre-IPO funding led by Third Point, with participation from Nvidia, Apollo, Citadel, Hudson Bay Capital, Abu Dhabi Investment Council and 8090 Industries. Of the total, $2.36 billion arrives up front and Nvidia will contribute a further $1 billion by mid-November, with the notes converting to shares when the company lists on Nasdaq at a reported target valuation of around $30 billion.
Nscale’s prospectus shows first-half 2026 revenue of $140.6 million against losses of $1.02 billion, but $103 billion in contracted value, largely from Anthropic and Microsoft. Much of that rests on the Monarch Compute Campus in West Virginia, which could scale to 8GW, while only around five percent of the company’s targeted 461,000 GPUs are currently energized.
GMI Cloud raises $668m in funding
Taiwanese neocloud GMI Cloud has secured $668 million, combining a $223 million Series B equity round led by ARCHIV with a $445 million credit facility led by CTBC. Nvidia, DSC Investment, Trend Micro, KB Investment, Kyobo Life and KT Corporation also participated.
The funds will support capacity growth in the US, Taiwan and the wider APAC region, along with investment in inference services and hiring. GMI is developing a $500 million AI factory in Taoyuan housing around 7,000 Nvidia GB300 GPUs, operates sites in the US, Singapore, Thailand and Japan, and launched a $12 billion sovereign AI initiative in Japan earlier this year.
Nebius signs 50MW lease with AIB Data Centers
Nebius has signed a 12-year agreement to lease 50MW from AIB Data Centers at a site in the southeastern US, identified through an investor presentation as CLT1 in South Carolina. The contract includes two five-year renewal options, and Nebius will make prepayments that, together with project-level debt and equity, will help fund construction.
Two data halls are being built for Nebius, due for delivery in 10 and 14 months respectively, backed by an existing 65MW electric service agreement at the site. For AIB, formerly BlockchAIn Digital Infrastructure, the deal is a major validation of its strategy of securing power and converting it into long-term AI leases as it pursues a pipeline of roughly 715MW across South Carolina, Minnesota and Texas.
Amazon signs PPA with Constellation for Maryland nuclear plant
Amazon has signed a 20-year power purchase agreement with Constellation Energy covering 690MW from the 1.78GW Calvert Cliffs Clean Energy Center, Maryland’s only nuclear plant. The deal will underpin more than $3 billion in infrastructure investment, including plant upgrades and around 190MW of new generating capacity due online between 2030 and 2032, alongside a retail supply agreement for Amazon’s operations in the PJM market.
The agreement follows AWS’s decision in August to withdraw from a planned data center campus next to the plant, a project expected to total around 500MW. Amazon continues to expand elsewhere in Maryland, including at Quantum Frederick, though its Fastnet subsea cable landing in Ocean City faces local headwinds.
Civo plans 8MW Edge data center for AI in Hertfordshire, UK
Cloud provider Civo plans to roll out a network of 40 Edge data centers across the UK to deliver sovereign AI compute, starting with an 8MW facility in Hertfordshire that is currently being fitted out and will eventually scale to 38MW. Five further sites in Lancashire, Greater Manchester, London and Oxfordshire have been secured, offering a combined 150MW, with the remainder planned over the next three years.
The facilities will be designed for direct-to-chip liquid cooling to support Nvidia Vera Rubin NVL72 systems. Civo has not said whether the sites will be self-built or leased, though it previously partnered with Era4, which holds a portfolio of more than 40 brownfield and industrial sites across the UK.
AWS granted planning permission for data center in Iver, UK
Buckinghamshire Council has approved Amazon Web Services’ plans for a data center at the Ridgeway Distribution Centre in Iver, replacing 17 industrial and warehouse units with a single two-storey building of around 30,525 sqm, supported by a substation and a yard of 27 backup generators. Planning officers concluded that the need for data center capacity and the associated jobs outweighed potential harm to the surrounding landscape.
Under the approval, Amazon will contribute around £600,000 toward air quality mitigation, monitor generator emissions and invest £73,000 in nearby rights of way, while further details on construction traffic, drainage and water use are still required. The site, acquired in 2022 for £132.5 million, sits a few miles east of Slough, the largest data center hub in the Greater London area.
