STACK Infrastructure Lands $4B for Data Center Expansion; funds will finance the development of a 5.5 million-square-foot campus

3/20/2025

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CPE

• Subcategory: Capital Markets: Debt, Industrial: Data Centers

• Tag: Closing | New Construction

• Additional Filters-Subcategory: Capital Markets: Debt-Construction Loan

• Company: STACK Infrastructure

Denver-based STACK Infrastructure has secured $4 billion in green financing for a new 1 gigawatt campus in Stafford, Va. The funds will also finance expansions at the firm’s Portland, Ore., and Toronto, Canada, sites.

Stafford Technology Center is slated to be a multi-phase development with 5.5 million square feet at full build-out. STACK is planning to build up to 19 data centers, although documents filed with the county suggest it could be up to 24, and six 300 megawatt substations from Dominion Energy. The first phase is expected to break ground this year and be completed by 2027.