Crusoe and partners pour $15 billion into the Abilene Stargate site
The wind-powered campus is being built to host 400,000 Nvidia GPUs as Stargate scales in West Texas.
ABILENE, Texas — Crusoe's expansion of the Stargate data-center campus in Abilene is a roughly $15 billion joint venture co-led by Blue Owl Capital and Primary Digital Infrastructure, built to support around 400,000 Nvidia GPUs and tapping the region's wind generation for power.
Abilene has become the physical anchor of Stargate, the OpenAI-aligned compute buildout. Oracle has separately committed roughly $40 billion in Nvidia GB200 chips to power the site under a 15-year deal, with 1.2 gigawatts targeted by mid-2026. The Crusoe venture covers the campus itself — the buildings, power and cooling that the silicon plugs into.
Why it matters
Abilene shows how the AI buildout is being financed in distinct layers: a developer raises project debt and equity for the campus, a cloud provider commits to the chips, and a model lab commits to the demand. Stacked together in one West Texas county, those commitments add up to one of the largest concentrations of AI compute capital anywhere — and a stress test for the local grid, water supply and labor market.
AI infrastructure has become a category of project finance at the scale of national infrastructure projects.— Data Center Dynamics analysis
Reported by Next in Austin. Based on reporting from Data Center Dynamics.
