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A joint venture of Blue Owl Capital, Crusoe and Primary Digital Infrastructure has obtained $7.1 billion in construction financing for the second phase of its 1.2-gigawatt AI data center project in Abilene, Texas.

Newmark arranged the financing for the $15 billion development through a consortium led by JP Morgan. The companies will construct six new facilities, bringing the campus to eight buildings upon completion. The firms formed the partnership in October.