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.

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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

Starbase, Texas will weigh a Chapter 312 property tax abatement on Dec. 9 for SpaceX's proposed gas-fired power plant and super-compute facility, with initial phases estimated at about $24 billion on roughly 444 acres and a pending air filing listing 35 gas turbines (about 748 MW); nothing is approved. The Senate scheduled its first procedural vote Monday on the Bipartisan American Affordability and Jobs Act, which would make new data centers of 20 MW or more pay the full cost of their grid upgrades (Grid Strategies estimates about $55 billion in transmission charges over 10 years; TD Cowen puts passage odds at 25%). Norway's grid operator Statnett paused new data center connection reservations pending a licensing scheme, after data centers made up 75% of about 26,000 MW of 2026 connection requests.

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

Sources:

• https://www.investing.com/news/stock-market-news/spacex-plans-24-billion-gas-power-plant-data-center-project-in-texas-5013083
• https://news.bloomberglaw.com/environment-and-energy/spacex-plans-24-billion-data-center-and-gas-plant-in-texas
• https://www.the956report.com/post/spacex-wants-a-tax-break-for-a-24-billion-gas-plant-and-super-compute-facility-in-starbase
• https://www.rgvbusinessjournal.com/news/08/11/2026/spacex-seeks-economic-incentives-for-24b-starbase-data-center-and-power-plant/
• https://www.investing.com/news/commodities-news/us-congress-gets-first-postblue-wave-crack-at-data-centers-with-permitting-bill-5011530
• https://gridandgeneration.com/news/senate-to-vote-on-amended-baaja-transmission-tribal/
• https://gridstrategiesllc.com/wp-content/uploads/Grid-Funding-from-Data-Centers-in-BAAJA.pdf
• https://www.theguardian.com/us-news/2026/nov/09/senate-energy-infrastructure-bill-vote
• https://www.straitstimes.com/world/europe/norway-reins-in-data-centre-industry-amid-ai-boom
• https://capacityglobal.com/news/why-norway-wants-a-say-over-who-builds-data-centres/

Anthropic reportedly took over OnePWR Solutions' Caterpillar orders for about 1.7 GW of gas-fired data center generators in a roughly $3.4 billion deal (per the Financial Times; neither company commented and sites are undisclosed), putting tenant-owned generation into powered-land math. Nvidia has reportedly proposed converting 130+ Apollo-backed Brightspeed telecom buildings, with about 1 GW of available power across up to 20 states, into small AI inference sites (a proposal, not a deal). Harwood, North Dakota voters rejected a data center review and hearing charter amendment 325 to 105, the only pro-data-center result of 45 ballot measures per Redbud Consulting, as Applied Digital's roughly $3 billion Oracle campus is built.

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

Sources:

• https://www.cnbc.com/2026/11/08/anthropic-generator-deal-ai-data-centers.html
• https://www.investing.com/news/stock-market-news/anthropic-reportedly-strikes-34-billion-deal-for-gasfired-power-at-data-centres-5010208
• https://thenextweb.com/news/anthropic-3-4bn-gas-generators-onepwr-ft
• https://finance.yahoo.com/technology/ai/articles/nvidia-eyes-apollo-struggling-telecom-213127832.html
• https://www.tomshardware.com/tech-industry/data-centers/nvidia-wants-to-repurpose-over-130-old-telco-buildings-as-tiny-data-centers-report-claims-company-in-talks-with-brightspeed-after-pitching-idea-to-parent-company-apollo-global-management
• https://www.techradar.com/pro/nvidia-hits-back-at-us-data-center-gloom-with-plans-to-repurpose-old-telephone-and-telecom-buildings-owned-by-brightspeed-into-small-ai-data-centers
• https://www.businessinsider.com/ai-data-center-backlash-vote-election-harwood-north-dakota-2026-11
• https://fortune.com/2026/11/07/harwood-north-dakota-data-center-ballot-measure-midterm-elections-2026/
• https://www.inforum.com/news/north-dakota/harwood-delivers-resounding-no-to-home-rule-charter-change
• https://news.bloomberglaw.com/tech-and-telecom-law/only-one-town-out-of-dozens-in-us-voted-in-favor-of-data-centers
• https://www.washingtonpost.com/technology/2026/11/08/only-town-america-that-said-yes-data-centers/

In Corsicana, Texas, Riot's fifteen-year triple-net powered-land lease with Anthropic (named in Riot's Form 10-Q; lease effective November 4) locks about $28 billion of take-or-pay rent on 910 MW of critical IT, with Path B putting up to about $3.6 billion of module reimbursements on the tenant as rent credits at 12% if project debt is unavailable (power pass-through; rent as phases deliver mid-2027 into 2028). Florida's PSC denied Duke Energy Florida's large-load tariff 5-0 in the first test of SB 484's 50 MW full-cost rule, citing excluded qualifying customers and insufficient cost-recovery evidence, so Duke must refile a compliant large-load rate schedule. Pure Data Centres closed a $780 million platform growth facility with a $1.1 billion accordion (about $1.9 billion framework) for Europe and Middle East sites, taking trailing-year financing above $6.2 billion on a power-first pipeline.

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

Sources:

• https://www.riotplatforms.com/riot-platforms-reports-third-quarter-2026-financial-results-and-strategic-highlights/
• https://www.sec.gov/Archives/edgar/data/1167419/000110465926122417/riot-20260930x10q.htm
• https://www.sec.gov/Archives/edgar/data/1167419/000110465926122368/riot-ex99d2.htm
• https://www.coindesk.com/tech/2026/11/05/bitcoin-miner-riot-could-pay-anthropic-12-interest-under-usd28-billion-ai-deal
• https://bitcoinmagazine.com/news/riot-names-anthropic-texas-lease
• https://floridapsc.com/news-links/12359
• https://floridaphoenix.com/2026/11/03/florida-public-service-commission-rejects-duke-energys-data-center-plan/
• https://www.wusf.org/politics-issues/2026-11-04/regulators-reject-dukes-data-center-rate-structure
• https://www.environmentenergyleader.com/articles/45520-florida-rejects-dukes-large-load-tariff
• https://www.datacenterdynamics.com/en/news/pure-dc-secures-19-billion-financing-for-data-center-build-out/
• https://datacentremagazine.com/news/this-weeks-top-five-stories-in-the-data-centre-industry-07-november-2026

Near Cheyenne, Google's first Wyoming campus arrives as a seventeen-billion-dollar long-term investment with an explicit pledge to pay 100% of power used and growth-driven infrastructure, paired with an AEP roughly $4 billion / 702 MW Bloom fuel-cell PPA and Black Hills' $1.8 billion / 564 MW build plus about 2.1 GW private-microgrid management (service late 2027, peak 2030; campus IT megawatts undisclosed). Same week, Oklahoma's Corporation Commission approved PSO's large-load tariff implementing HB 2992 so new data centers, crypto, and AI compute at 75 MW or more face separate tariffs, credit requirements, and at least ten-year terms (statute effective July 1; some self-supply issues reserved). Press reporting says ING is running a bids-wanted auction for about $500 million across twelve data center loans, including a $25 million Stargate Project Jupiter slice, with bids of $10 million or more due November 19 (ING declined to comment; no loans reported impaired; clearing price unknown).

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

Sources:

• https://blog.google/innovation-and-ai/infrastructure-and-cloud/global-network/wyoming-data-center/
• https://www.aep.com/news/stories/view/12314/
• https://qz.com/google-wyoming-data-center-17-billion-investment-110526
• https://www.datacenterdynamics.com/en/news/google-announces-17bn-data-center-campus-in-cheyenne-wyoming/
• https://wyofile.com/google-commits-to-spending-17b-on-ai-data-centers-in-wyoming/
• https://www.fool.com/earnings/call-transcripts/2026/11/05/black-hills-bkh-q3-2026-earnings-call-transcript/
• https://okenergytoday.com/2026/11/regulators-decide-on-pso-rate-case-and-large-load-request/
• https://www.kgou.org/energy/2026-11-05/oklahoma-regulators-approve-pso-electricity-rate-hike
• https://nondoc.com/2026/11/05/corporation-commission-approves-pso-request-to-raise-residential-rates-3-55-percent/
• https://petition.mcalester.net/static/records/state/hb2992-enrolled-2026.pdf
• https://tomkilli.com/gigawatt-gap/rules-and-permits/rules-and-tariffs/oklahomas-data-center-customer-ratepayer-protection-act-requires-separate-tariffs-for-large-load-customers/
• https://www.cnbc.com/2026/11/06/ing-ai-data-center-loans-debt.html
• https://www.bisnow.com/news/national/data-center-capital-markets/ing-unloads-500m-in-data-center-loans-in-wake-of-midterms

After Ballotpedia-tracked local measures went against data centers in all but one contest, OpenAI published a National Community Compact and Policy Blueprint pledging full power and infrastructure costs, stranded-asset assurances, no NDAs with public officials, and public tax incentives with clawbacks for future campuses it owns and operates (voluntary today; blueprint asks lawmakers to codify). Same week, TeraWulf disclosed Google credit support behind roughly $19 billion of Anthropic leases at Justified in Hawesville (about 401 MW critical IT) with Fluor EPC and ready-for-service late 2027 into Q2 2028. Vantage's $15 billion Lighthouse campus in Port Washington for Oracle and OpenAI has two of four buildings enclosed while ATC approval lags, and TrendForce cut its 2027 forecast from 650 MW to 310 MW while holding 1.3 GW for 2028.

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

Sources:
https://openai.com/index/setting-new-standard-responsible-ai-infrastructure/
https://cdn.openai.com/pdf/community-compact.pdf
https://www.cnbc.com/2026/11/05/openai-to-pay-for-data-center-power-after-election-shows-ai-concern.html
https://www.washingtonpost.com/business/2026/11/05/open-ai-makes-pledges-data-center-operation-after-midterm-backlash/
https://www.axios.com/2026/11/05/ai-data-center-election-backlash-concessions
https://www.cnbc.com/2026/11/04/data-center-ballot-measures-2026-midterm.html
https://fortune.com/2026/11/04/voters-pull-the-plug-on-big-techs-data-center-boom/
https://investors.terawulf.com/news-events/press-releases/detail/148/terawulf-secures-google-credit-backstop-for-project-financing-in-support-of-19-billion-anthropic-lease-executes-definitive-fluor-epc-agreement
https://news.kilambi.com/stories/2026-11-04-terawulf-google-backstop-anthropic-lease/
https://www.streetinsider.com/Reuters/TeraWulf+gets+credit+backstop+from+Google+for+Anthropic+data-center+project/27287271.html
https://www.trendforce.com/insights/data-center-tracker-002
https://constructionreviewonline.com/wisconsin-data-center-triggers-1-3b-grid-expansion-as-oracle-commits-to-cover-power-costs/