Good morning. Welcome to Data Center View! In each issue, we cover the top stories, trends, and listings in the data center sector.

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NEWS ROUNDUP

DEVELOPMENT: Prime Data Centers breaks ground on first phase of 240MW campus. Prime Data Centers has broken ground on the first three buildings of its new five-building, 240-megawatt data center campus in Avondale, Arizona. Each of the first three facilities will total 267,000 square feet and deliver 48 megawatts of critical IT capacity, forming the opening phase of a campus that will eventually span 66.5 acres, 1.3 million square feet, and five hyperscale data centers. Michael Wall, executive vice president of product delivery at Prime Data Centers, said the project marks a defining moment for the company’s partnership with Avondale and reflects a long-term investment built to scale with customer demand.

DEVELOPMENT: Utah protesters rally against data center project. Hundreds of Utah residents gathered at the state Capitol to protest the proposed Stratos Project, a controversial 40,000-acre data center campus planned for Box Elder County near the Great Salt Lake. The demonstration came after county commissioners voted to let the project move forward despite opposition from residents and environmental groups.

FINANCING: AI debt boom is reshaping corporate credit markets. The rapid buildout of AI infrastructure has driven hyperscalers and AI-focused firms to raise well over $250 billion, including $121 billion in corporate bonds by major tech companies in a single recent year. That pace of borrowing is now reshaping the corporate bond market and creating concentration risk for lenders.

POWER: PJM moves to speed data center power procurement. PJM has unveiled new plans aimed at accelerating power procurement for large new data center loads, a move that appears to have eased market concerns about whether its grid could handle surging AI-driven demand. In a letter signed by board chair Paula Conboy, the grid operator said it will expedite connections for projects that otherwise would have faced longer delays and now plans to hold a power procurement auction in September rather than waiting until 2027.

READ: Half of US planned data centers “highly exposed” to natural disasters.

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