OpenAI leases 1.2 GW Stargate data center in Milam County

OpenAI signed a 1.2 gigawatt lease with SB Energy for a massive data center project in Milam County, Texas, backed by significant equity investments from OpenAI, SoftBank Group, and Ares Infrastructure Opportunities. The project agreement includes an $18 billion minimum Phase 1 investment commitment over five years and a county tax abatement. However, the development faces potential delays following statewide regulatory freezes on data center interconnections and permits ordered by Governor Abbott. Open article →