- The pace of billion-dollar data center project announcements has picked up steam
- Vantage, QTS, STACK and NTT were among those joining the hyperscalers in making big project announcements, with Texas and Wisconsin emerging as hubs
- Both Google Cloud and Microsoft are spending big on cloud and AI hubs in India
The volume of data center projects over the past year – heck, even the past few months – has been staggering, so much so that it’s easy for one’s eyes to glaze over the latest billion-dollar build.
Synergy Research Group noted in September there is a known pipeline of 527 hyperscale data centers. (Update 12/19/25: Freshly released data from Synergy now puts that number at 770 facilities either being planned, constructed or fitted out.) But which companies are building these and where? Fierce did some digging and pulled together a recap of some of the larger projects that are currently underway.
This list is just a snapshot of the frantic activity happening around the globe and is focused on announcements made in the second half of the year.
Here we go:
In August, STACK Infrastructure announced plans to work with OpenAI and Oracle on a $165 billion, 1 GW+ Stargate campus in Doña Ana County, New Mexico. The facility will span four buildings across 1,400 acres and is expected to create around 750 permanent jobs.
Construction appears to have begun on the project despite pushback from local residents and legal questions about a hasty approval process.
In September, Microsoft announced plans to expand its data center footprint in Wisconsin. The hyperscaler – which had already spent around $3 billion building its first facility in Mount Pleasant, Wisconsin – said it would spend an additional $4 billion on a second data center “of similar size and scale.”
Its original facility includes 1.2 million square feet across three buildings and covers around 315 acres.
Microsoft subsequently announced plans to spend $17.5 billion through 2029 to build out cloud and AI infrastructure in India; $5.4 billion to build cloud capacity in Canada, the first of which is expected to come online in the back half of 2026; and $15 billion on cloud and AI infrastructure in the U.K.
In late October, OpenAI, Oracle and digital infrastructure provider Vantage Data Centers revealed plans to build a Stargate campus in Port Washington, Wisconsin. The $15 billion facility will include four data center buildings that are expected to deliver nearly a gigawatt of compute capacity. Construction is expected to be completed by 2028, with the facility expected to sustain 1,000 long-term jobs.
Vantage said it will be investing $175 million in regional water and power infrastructure upgrades and also outlined plans to use solar, wind and battery power to cover some of the facility’s energy needs.
The same month, Virginia-based digital infrastructure company QTS announced plans to build a massive data center campus in Dane County, Wisconsin. The $12 billion project will span up to 1,600 acres and is expected to create 700 permanent jobs once the facility is completed. The three-year initial phase of the project will focus on construction of 5 data center buildings across 650 acres. QTS said it will pay for “all project energy infrastructure.”
At the start of November, Vantage announced plans to spend $2 billion building a 192 MW data center campus in Fredericksburg, Virginia. The facility will be its fourth in the state and include three buildings spread across 82 acres.
Vantage is also building a $25 billion, 1.4 GW Stargate campus in Shackelford County, Texas for OpenAI and Oracle. The project was announced in August and broke ground this week.
The company also has projects underway in Nevada, Italy and the Asia Pacific region.
In late November, AWS said it plans to spend $50 billion to add nearly 1.3 gigawatts of cloud and AI compute capacity for the U.S. government. Construction is expected to begin in 2026.
November was also a big month for Google Cloud, which announced plans to spend $40 billion in Texas over the next two years. Part of that money will go toward construction of two new data center campuses in Armstrong and Haskell Counties.
It is also spending around $6.4 billion (€5.5 billion) through 2029 to build a new data center and office facilities in Germany; around $5.8 billion (€5 billion) over the next two years to build a new data center in Belgium; and $15 billion to build an AI hub in India.
Meanwhile, NTT Global Data Centers – which previously outlined plans to spend $10 billion through 2027 on data center expansions – kicked off December with the news that it has landed hyperscale contracts totaling 130 MW of data center capacity across its campuses in Chicago, Dallas, Phoenix and Virginia. It also secured approval for a 482 MW data center project in Germany that is expected to get underway in 2026.
Throughout 2025, NTT said it has opened 10 new facilities across North America, EMEA and APAC and added more than 370MW of new IT capacity as part of its aforementioned $10 billion initiative.
We can't imagine the pace will slow any in 2026.