➤ Key Highlights
Hut 8, a Miami-based company, reported the first phase of construction is underway on its River Bend data center campus, valued at approximately $10 billion.
The facility is expected to begin operations in the second quarter of 2027.
Dallas-based Jacobs will serve as the engineering, procurement and construction management partner for the project, in collaboration with Vertiv.
J.P. Morgan and Goldman Sachs will serve as loan underwriters on project-level financing expected to cover up to 85% of total costs.
Hut 8 has secured an initial 330 megawatts of utility capacity for the campus from Entergy Louisiana, with the potential to scale by up to an additional 1,000 megawatts of utility capacity.
At peak construction activity, Hut 8 expects about 1,000 construction workers onsite.
The project would rank among the largest data center campuses globally and among the largest private capital projects in Louisiana history, according to Hut 8.anted to return because they felt like the return process was too much of a hassle.
Hut 8 has begun construction on its $10 billion River Bend data center campus in Louisiana, with operations expected to start in the second quarter of 2027. Jacobs will lead engineering and construction management, while J.P. Morgan and Goldman Sachs will underwrite up to 85% of the project’s financing. The project is positioned as one of the largest data center developments globally.
Through the lens of large-scale capital allocation, this event demonstrates how substantial investment is driving the evolution of digital infrastructure. The commitment of resources at this magnitude signals a shift toward prioritizing next-generation facilities capable of meeting escalating demands. Capital flows of this size enable the integration of advanced technology and robust power capacity, reshaping both the design and delivery of digital assets. This scale of investment also reflects the growing complexity and ambition underpinning digital facility creation.
⚠️ Why it matters now
For CRE360’s audience, large-scale capital allocation into digital infrastructure represents a pivotal force influencing development, financing, and construction pipelines. The scale and ambition of such projects demand new approaches to underwriting, project delivery, and resource planning. Understanding how capital shapes the digital landscape is essential for stakeholders navigating the evolving demands of the sector.
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➤ TAKEAWAY
Ongoing construction and financing activities may continue to set benchmarks for capital deployment and project management in the digital infrastructure space. As work progresses, market participants could observe further developments in utility partnerships and technology integration. The evolution of such large-scale projects may offer additional insights into future capital allocation trends within digital infrastructure.
