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Exclusive-Alpha Compute to buy Pennsylvania land, gas rights for $55 million data center campus, company says
['Laila Kearney', 'Tue', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
By Laila KearneyNEW YORK, Aug 11 (Reuters) - AI infrastructure company Alpha Compute has signed a binding term sheet to acquire land and natural gas rights in Pennsylvania for $55 million to develop a 200-megawatt data center campus, CEO Brittany Kaiser told Reuters on Tuesday.
The facility could eventually be expanded to generate one gigawatt of power, Kaiser added.
While Alpha Compute has traditionally provided confidential-computing services, it is a recent entrant to data center development.
The Pennsylvania project, if it moves ahead, would be the company's first data center development in the United States.
After the initial $55 million investment, Kaiser said she expects the build-out of the data center campus, including electrical connections, to run about $500 million spread out over years.