Nexus Data Centers seeks $15B loan for Texas campus expansion

Nexus Data Centers is seeking a $15 billion bridge loan to expand its Apex DFW hyperscale campus in Hubbard, Texas, in what would be one of the largest single-project financings in data center history. The 2,000-acre site, powered by natural gas, targets an initial 600-612 megawatts with plans to scale to multi-gigawatt levels to meet AI-driven compute demand. Anthropic has been linked as a prospective tenant and Google as a possible financial backer, though neither connection has been formally confirmed.

Via nexus-datacenters.com Nexus Data Centers seeks $15B loan for Texas campus expansion The Texas-based developer is chasing one of the largest data center financing deals ever to build an AI-focused hyperscale campus south of Dallas-Fort Worth Fifteen billion dollars is a lot of money. It’s roughly what Norway spends annually on its entire military. And it’s what Nexus Data Centers wants to borrow to build a single data center campus in rural Texas. The company is pursuing bridge financing of approximately $15 billion to expand its Apex DFW project in Hubbard, Texas, a 2,000-acre site in Hill County situated south of the Dallas-Fort Worth metroplex. If the deal closes, it would rank among the largest single-project financings in data center history, underscoring just how aggressively the industry is scaling to meet AI-driven compute demand. What Nexus is actually building The Hubbard campus is designed to be a hyperscale facility powered by natural gas. Initial development phases target a capacity of 600 to 612 megawatts, which is substantial on its own. For context, a single megawatt can power roughly 750 average American homes. But Nexus isn’t thinking in megawatts for long. The company’s roadmap envisions scaling the site to multi-gigawatt levels in subsequent phases, turning a patch of Hill County farmland into one of the largest compute clusters on the continent. Permitting filings submitted to the Texas Department of Licensing and Regulation in June 2026 indicate plans for a $400 million data center building, with construction expected to have begun in early 2026. That building represents just a fraction of the broader campus vision that the $15 billion in financing would support. The facility’s reliance on natural gas for power generation is a deliberate design choice. Rather than depending on the local grid, Nexus is building its own energy backbone, giving the company control over its own power supply without waiting years for utility interconnections. The names behind the project In December 2025, the company secured a strategic equity investment from Transition Equity Partners, a deal specifically aimed at accelerating the development of gigawatt-scale campuses. Anthropic, the AI safety company behind the Claude family of models, has been connected to the campus as a prospective tenant. Google, meanwhile, has been linked as a possible financial backer. Neither connection has been formally confirmed with detailed terms. In February 2026, the company announced a $50 million Community Partnership Program targeting the Hubbard area and Hill County more broadly. Why this matters for crypto and AI infrastructure investors For crypto investors, the implications are both competitive and complementary. Hyperscale AI data centers are competing directly with Bitcoin mining operations for the same scarce resources: cheap electricity, available land, grid capacity, and favorable regulatory environments. Texas has been a magnet for both industries precisely because it offers all four. The financing structure itself is worth watching. Bridge financing of $15 billion implies that Nexus expects to either refinance into longer-term debt or secure additional equity once the project reaches certain milestones. The specifics of the lending consortium and loan terms haven’t been disclosed. If Google is indeed providing financial backing, it would represent a continuation of the hyperscaler trend of directly financing infrastructure rather than simply leasing it. Microsoft, Amazon, and Google have all been increasing their direct capital commitments to data center development over the past two years. Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy https://cryptobriefing.com/editorial-policy/ .