Blue Owl Capital (“Blue Owl”) is moving forward on a .4 billion joint-venture to fund data center capacity at the Lancium Clean Campus in Abilene, Texas. Under the terms of the fully funded forward takeout, funds managed by Blue Owl’s Real Estate platform and Primary Digital Infrastructure will jointly sponsor the 206 MW 998,000 square foot data center being designed, built, and operated by Crusoe.

The Crusoe AI data center is a build-to-suit, two-building data center. The project is 100% long-term leased to a Fortune 100 hyperscale tenant with occupancy expected to begin in 2025. The design will be optimized for direct-to-chip liquid cooling and will also accommodate air cooling. At completion, the data center will be able to operate up to 100,000 GPUs on a single integrated network fabric.

The 200+ MW capacity will be delivered by Crusoe in 2025. The project is expected to contribute nearly $1 billion to the local economy over the next 20 years.