Yesterday, ConnectCRE announced the development of an Abilene data storage facility as the first project for the Stargate program, a $500 billion project promoted by President Donald Trump that is aimed at enhancing America’s position in the artificial intelligence space. It’s being touted as the site for the worlds largest computer.

More information has become available. Newmark arranged a $2.3 billion loan to capitalize the 206 megawatt (MW) build-to-suit data center in Abilene on behalf of Blue Owl Capital, Crusoe Energy Systems and Primary Digital Infrastructure. The financing was secured by Newmark’s Jordan Roeschlaub, Clint Frease, and Brent Mayo. The loan was provided by JP Morgan.

The project is leased to Oracle, one of the three companies mentioned as Stargate collaborators. The site will boast 300 MW of on-site self-generation. The development broke ground in 2024 and is expected to deliver initial capacity in early 2025.