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Here's the cost, construction timeline of Abilene Stargate data center

Jan 25, 2025 - businessinsider.com
President Donald Trump announced a $500 billion AI project called Stargate, a joint venture between Oracle, OpenAI, and SoftBank, aimed at building AI data centers across the US. The first data center is under construction in Abilene, Texas, on a site known as the Lancium Clean Campus. Oracle CTO Larry Ellison confirmed the construction of 10 buildings, each half a million square feet, with plans to expand to 20 buildings and additional locations. Public filings reveal that the project, registered as "Project Ludicrous," involves two buildings with a combined construction cost of approximately $1.1 billion. The development is managed by Crusoe, with Oracle as the occupant, and is expected to be completed by the end of 2025.

The Lancium Clean Campus was initially intended for bitcoin mining with renewable energy but shifted focus to AI infrastructure. Crusoe announced a $3.4 billion data center development on the site, fully leased to a "Fortune 100 hyperscale tenant," with occupancy expected in the first half of 2025. OpenAI stated that the Stargate project is underway in Texas, with plans to expand to other locations. Lancium expressed excitement about the partnership with Crusoe and the Development Corporation of Abilene, highlighting the project's significance in the growth of AI infrastructure in the US.

Key takeaways:

  • President Donald Trump announced a $500 billion AI project called Stargate, a joint venture between Oracle, OpenAI, and SoftBank, to build AI data centers in the US.
  • The first Stargate data center is under construction in Abilene, Texas, with Oracle as the occupant, and is expected to cost $1.1 billion.
  • The development, known as Project Ludicrous, is located at the Lancium Clean Campus and involves two large data center buildings with significant construction and tenant improvement costs.
  • Oracle plans to lease the data center site from Crusoe and eventually rent servers to OpenAI, with further expansion plans across the US.
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