Blackstone-backed Rowan Digital Infrastructure added more than $1.5 billion in corporate credit, including a $355 million letter of credit facility for utility interconnection deposits and equipment obligations, to push a 5.5 GW hyperscale data center pipeline. SpaceX plans a $50 billion supercompute campus of up to 6 GW in Cochise County, Arizona, that still needs county approval. Quantum DC paused its 1,200 MW Tungkillo AI data centre in South Australia after community pushback, and the state premier wants a siting law.

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Sources:

• https://markets.financialcontent.com/stocks/article/bizwire-2026-11-12-rowan-digital-infrastructure-secures-15-billion-in-new-corporate-financing-for-its-hyperscale-development-platform
• https://qz.com/rowan-digital-infrastructure-blackstone-financing-data-centers-111226
• https://www.spacex.com/sites/cochise-county
• https://www.investing.com/news/stock-market-news/spacex-to-invest-over-74-billion-in-supercompute-facilities-in-texas-arizona-5022690
• https://www.upi.com/Top_News/US/2026/11/12/spacex-musk-AI-supercomputing-texas-arizona/8361794521839/
• https://www.abc.net.au/news/2026-11-12/quantum-dc-pauses-tungkillo-ai-data-centre/107376052
• https://quantumdc.com.au/tungkillo

Texas Senate Bill 293, filed by Finance Committee chair Joan Huffman with a majority of senators as authors, would repeal the state's sales tax exemptions on data center equipment and electricity (about $3.3 billion in forgone revenue in the coming biennium, per the Comptroller) and end existing exemptions on its effective date. CoreWeave reported a revenue backlog of about $132.5 billion and more than 4.6 GW of contracted power, with its CEO calling tougher scrutiny a pacing issue. BloombergNEF now tracks 181 GW of gas-fired generation proposed alongside data centers, more than 90% of it in the U.S., as grid connections lag.

Reach out to the AI Consulting Network: https://www.theaiconsultingnetwork.com/

Sources:

• https://senate.texas.gov/members/d17/press/en/p20261109a.pdf
• https://capitol.texas.gov/tlodocs/90R/billtext/html/SB00293I.HTM
• https://www.usatoday.com/story/news/state/texas/2026/11/11/texas-republican-democrats-look-at-cutting-data-center-tax-breaks/92724455007/
• https://www.tpr.org/economy-and-labor/2026-07-28/texas-lawmakers-question-billions-in-tax-breaks-for-data-centers
• https://investors.coreweave.com/news/news-details/2026/CoreWeave-Reports-Strong-Third-Quarter-2026-Results/default.aspx
• https://www.investing.com/news/economy-news/coreweave-beats-quarterly-revenue-estimates-as-ai-demand-defies-growing-doubts-5016823
• https://about.bnef.com/insights/data-centers/data-center-power-demand-is-set-to-surge-raising-new-climate-challenges-bloombergnef/
• https://www.theguardian.com/world/2026/nov/11/ai-datacentres-on-site-gas-fired-power-stations

SoftBank Group's Nov. 10 results include a $3.7 billion loss on advance payments for power-generation equipment for U.S. AI data center projects, including the PORTS-Pike campus in Pike County, Ohio, after procurement plans changed; up to $2.1 billion could come back as rebates on future purchases. The Senate advanced the Bipartisan American Affordability and Jobs Act on a 73-25 cloture vote, a bill that would make new data centers of 20 MW or more pay the full cost of their grid upgrades (about $55 billion over 10 years by one estimate). Reuters reports Microsoft, with 35 U.S. data centers under construction and 134 planned per Cleanview, is pressing the White House to drop an expected ban on new Chinese optical transceivers.

Reach out to the AI Consulting Network: https://www.theaiconsultingnetwork.com/

Sources:

• https://www.thestar.com.my/tech/tech-news/2026/11/10/softbank-swings-to-7-billion-net-loss-in-second-quarter
• https://www.streetinsider.com/Reuters/SoftBank+books+%247+billion+quarterly+loss+on+US+data+centre+hit/27317116.html
• https://econotimes.com/SoftBank-Books-3-73-Billion-Loss-on-U-S-Power-Generation-Equipment-1774671
• https://www.utilitydive.com/news/permitting-bill-advances-in-senate-but-its-future-is-uncertain-after-democ/874250/
• https://www.abqjournal.com/news/heinrich-permitting-bill-clears-senate-hurdle/3159360
• https://www.energy.senate.gov/press/dem/heinrichs-bipartisan-american-affordability-and-jobs-act-passes-key-senate-vote/
• https://gridandgeneration.com/news/senate-to-vote-on-amended-baaja-transmission-tribal/
• https://www.investing.com/news/stock-market-news/exclusivemicrosoft-presses-trump-to-scuttle-expected-ban-on-chinese-data-center-technology-5014745