Coatue Launches Next Frontier Venture to Build Data Centers Near Power Sources
Coatue partners with FluidStack, which has $50B deal to build data centers for Anthropic, as US data center construction accelerates
Hızlı Bakış
- Coatue launches Next Frontier venture to acquire land near power sources for data center development, partnering with FluidStack which has a $50B deal to build centers for Anthropic.
- The US has 3,000 data centers with 1,500+ more under construction.
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Coatue holds significant stakes in leading AI companies including Anthropic, OpenAI, and xAI, as well as data center operators like CoreWeave and Singapore's DayOne. The AI infrastructure boom has created unprecedented demand for power and land suitable for data centers.
Coatue, one of the biggest names in venture capital and hedge funds, has a new plan to generate bigger returns on AI beyond its sizable stakes in Anthropic, OpenAI, xAI, and data center companies like Singapore's DayOne and CoreWeave. It has launched a venture called Next Frontier to buy up land near large power sources with the goal of turning those parcels into data centers, the Wall Street Journal reports. Sources tell the WSJ that Next Frontier has already signed a joint venture with FluidStack, a cloud infrastructure startup that penned a $50 billion deal to build data centers for Anthropic. (Coatue did not respond to a request for comment.) Although the US already has 3,000 data centers, more than 1,500 new ones are in various stages of being built, according to Pew Research, most of them in rural areas. The frenzy is enticing land speculation and data center financing projects from lots of players, ranging from Blackstone to Shark Tank's Kevin O'Leary.
Açık Sorular
- How much land has Next Frontier already acquired?
- What is the specific location strategy for data center sites?
- What are the terms of the FluidStack joint venture?
