Nexus Data Centers Files to Build $400M Facility Near Dallas, Texas
June 23, 2026
Nexus Data Centers Files to Build $400M Facility Near Dallas, Texas
Nexus Data Centers has taken a significant step forward in expanding its footprint in the southern United States, filing regulatory documents to develop a major data center in Hill County, Texas. The project underscores the ongoing surge in demand for large-scale computing infrastructure driven by artificial intelligence and cloud computing workloads.
The company submitted plans to the Texas Department of Licensing and Regulation for a facility located at 357 HCR 3372 in Hubbard, a town situated south of the Dallas-Fort Worth metroplex and northeast of Waco. The development, designated as Nexus - Apex DFW HB1, is slated to encompass approximately 491,380 square feet (45,650 square meters) of space. Construction on the $400 million project is scheduled to begin in January 2026 and is expected to reach completion by October 2027.
Nexus Data Centers, a developer backed by private equity firm Transition Equity Partners (TEP), has been actively pursuing large-scale projects in the region. Reports from December indicated the company was targeting a massive 600MW natural gas-powered data center campus in Hubbard. According to sources, Google is providing financial backing for the initiative, which is said to be designed to serve the needs of Anthropic, the AI safety and research company.
In March, Nexus secured two senior secured credit financings for its Nexus Apex Holdings, LLC unit from Eagle Point Credit Management LLC. These funds are intended to support the development of a sprawling 2,900-acre data center and behind-the-meter energy campus, highlighting the growing trend of integrating power generation directly with data center operations to ensure reliability and cost efficiency.
Founded in 2020, Transition Equity Partners is a North American mid-market private equity firm specializing in energy transition infrastructure. The firm’s backing of Nexus underscores the increasing convergence of energy and digital infrastructure investments, as developers seek to address both the power demands of next-generation data centers and the shift toward more sustainable energy sources.
Source: datacenterdynamics
