Austin firm part of $15B joint venture backing big Texas data center

[Neil Narayan]

An Austin-based data center investment company is part of a strategic partnership funding development of a $15 billion AI data center in the Texas Panhandle.

The project is in the Lancium Clean Campus in Abilene, according to a previous announcement.

“The AI data center at the Lancium Clean Campus represents exactly the kind of strategic infrastructure investment our platform was built for: future-ready, operator-aligned and mission critical to fulfilling AI-driven compute demand,” stated Bill Stein, executive managing director and chief investment officer at Primary Digital Infrastructure. “By partnering with forward-thinking operators like Crusoe and financial lenders like Blue Owl, we are collectively delivering vital capacity with the scale, speed, and sustainability required to fuel AI innovation.”

Data centers have been proliferating across the country, but Austin has one of the more active markets for them. The metro is one of the fastest-growing data center markets nationwide, based on data from CBRE last year, and it has seen many new data center projects pop up in recent weeks, including a $3 billion data center campus planned in Milam County and another set of plans to transform 1,515 acres in Caldwell County.