55.5 MW Data Center Development in the Southeastern United States

The project is structured around long-term contracted data center capacity, an established rental model and phased revenue generation.

INVESTMENT AT A GLANCE

Key metric	Project overview
Total planned IT capacity	55.5 MW
Initial grid-powered capacity	5.5 MW
Planned gas-powered expansion	50 MW
Indicative rental rate	$175 / kW / month
Annual rental escalator	3%
Projected annual revenue at full capacity	~$116.5M
Illustrative investment horizon	15–20 years

PROJECT OVERVIEW

The development is designed to deliver scalable data center infrastructure through a phased power strategy:

Phase 1 – Grid Connection

• Initial 5.5 MW of critical IT capacity.
• Target revenue commencement in 2027.

Phase 2 – Gas-Powered Expansion

• Additional 50 MW of critical IT capacity.
• Target revenue commencement in 2027.
• Expansion to 55.5 MW of total billable IT capacity.

The phased approach enables initial operations to commence ahead of the full development build-out.

REVENUE MODEL

The project operates under a long-term data center leasing model, with rental income calculated on contracted critical IT capacity.

• Base rental rate: $175 per kW per month.
• Annual escalation: 3%.
• Utility costs: Electricity and fuel costs are borne by the tenant.
• Revenue potential: Approximately $116.5 million annually at full planned capacity, based on the initial rental rate.
• Revenue structure: Recurring contractual rental income supported by phased capacity deployment.

INVESTMENT HIGHLIGHTS

Phased development strategy

Initial grid-powered operations provide an opportunity to generate revenue ahead of the larger expansion.

Substantial expansion potential

The planned 50 MW gas-powered phase increases total billable IT capacity to approximately 55.5 MW.

Long-term recurring revenue

The rental model incorporates a contractual annual escalation, supporting potential revenue growth over the lease term.

Tenant-backed structure

The proposed lease structure includes advance rental prepayment and additional credit support, subject to final documentation.

Power cost protection

Electricity and fuel expenses are allocated to the tenant under the proposed commercial structure.

Scalable infrastructure

The development combines grid connectivity with on-site gas-powered generation to support expanded data center capacity.

DEVELOPMENT & FINANCIAL OVERVIEW

Component	Description
Total project investment	Approximately $713.5 million
Initial development phase	5.5 MW
Expansion phase	50 MW
Total planned capacity	55.5 MW
Revenue at full capacity	Approximately $116.5 million annually
Rental escalation	3% annually
Development strategy	Phased construction and commissioning
Financing strategy	Senior project-level financing and equity participation

INVESTMENT STRUCTURE

The opportunity contemplates equity participation in the project-level special purpose vehicle (SPV).

The proposed investment structure provides exposure to the overall development, including both the initial grid-powered phase and the subsequent gas-powered expansion.

Detailed equity terms, projected distributions, financing arrangements and investor economics will be made available to qualified investors following execution of a confidentiality agreement.