Data Center View - May 8, 2025 - Stonepeak commits $1.5 billion for data centers

Good morning. This is Data Center View, the clearinghouse for data center real estate.

→ We are here to serve the owners, brokers, and users who are interested in data center real estate. Do us a favor, and forward this email to your favorite data center pro. They can sign up here.

Now, let’s get to it.

NEWS ROUNDUP

EXPANSION: Stonepeak commits $1.5 billion for data centers. Stonepeak has launched Montera Infrastructure, a new $1.5 billion-backed platform focused on developing and operating build-to-suit data centers across tier I and tier II North American markets. The new entity will support AI and cloud computing workloads, targeting facilities of at least 100MW capacity. Eanna Murphy, former data center executive at Google and Yondr, will serve as CEO, joined by fellow co-founders Craig Pennington and Joe Walsh, formerly of Oracle and Equinix. Together, the leadership team brings over 100 years of experience. Andrew Thomas, senior managing director at Stonepeak, praised their track record of delivering over 8GW of data center capacity. Montera marks Stonepeak’s fourth North American data center investment and eighth globally, as demand surges amid rapid AI adoption.

DEVELOPMENT: New Era Helium advances 250MW data center project in Texas. New Era Helium (NEH) and Sharon AI are accelerating development of their 250MW net-zero AI and HPC data center under the Texas Critical Data Centers (TCDC) joint venture. Located in Ector County, TX, the site has expanded to 235 acres, with closing expected in the next 90 days. The first 100MW of capacity is targeted to go online by December 2026, powered by reciprocating natural gas engines with carbon capture. TCDC is finalizing infrastructure components including lit fiber access, gas supply agreements, and power plant design. CEO E. Will Gray II emphasized NEH’s vision of enabling scalable energy-integrated infrastructure to support AI and semiconductor innovation. Additional land acquisitions are under consideration to support future expansion.

DEVELOPMENT: Aligned breaks ground on Arizona data center. Aligned Data Centers has officially broken ground on PHX-13, the second building of its 100-acre campus in Glendale, Arizona, which will ultimately host over 1 million SF of data hall space. The site, formerly a rose farm, will include up to four facilities, including PHX-12 and PHX-14. Aligned previously acquired the land for $86.5 million from LXP Industrial Trust. Glendale Mayor Jerry P. Weiers and Deputy Economic Development Director Loraine German both celebrated the milestone, emphasizing the project's economic importance. PHX-13 adds to Aligned’s growing presence in Phoenix, where the company already operates a 55-acre, 180MW campus on Union Hills Drive.​

FUNDRAISING: CleanArc secures investment. CleanArc Data Centers has announced a strategic investment from Townsend Group to support the company’s growth, particularly its 600MW VA1 campus in Caroline County, Virginia. Terms were not disclosed, but existing investor Snowhawk Partners retains majority ownership. CleanArc founder and CEO James Trout—also the founding CEO of Vantage Data Centers—praised Townsend's capital markets expertise and long-term support. Townsend CEO Anthony Frammartino highlighted CleanArc’s veteran team and strategic development model. Snowhawk’s Brian McMullen noted the investment will accelerate capacity for next-gen AI and cloud infrastructure. CleanArc, launched by 547 Energy in 2023, aims to develop hyperscale campuses of 300MW+ across Tier 1 markets.

FUNDRAISING: Auradine raises $153 million. Silicon Valley-based Auradine has raised $153 million in a Series C funding round, bringing its total backing to $300 million. The round was led by StepStone Group with participation from bitcoin miner MARA, Maverick Silicon, Samsung Catalyst Fund, and Qualcomm Ventures. Auradine, which manufactures computing equipment for both bitcoin mining and AI applications, also launched AuraLinks AI—a new division focused on developing open-standard solutions for next-gen AI data center cooling. CEO Rajiv Khemani emphasized the company's dual focus on Bitcoin and AI infrastructure as a key advantage in shaping the future of computing and energy efficiency.

READ: North America data center construction industry report.

DATA CENTER PROPERTY FOR SALE 

Click on each photo for more information.

170 Acres | 44kV Transmission On Site | 8” Water Line | Potential Data Center Site

Fully Permitted, ERCOT Approved Campus | Perpetual Right to Draw 1,000MW of Power at Globally Advantaged Cost | 350 Acres | Total CAPEX: $25,000,000

ONE MORE THING

→Try our resources for data center pros:

Search Properties | Data Center Real Estate News | Comps | Professional Network | Advertise Listings | Share a Closing Announcement