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Stream Data Centers Affiliate Proposes $10 Billion 'Project Saltworks' Data Center Campus in Graham, Texas

By: IDCNOVARegion: North America
A data center developer affiliated with Stream Data Centers has unveiled plans for a massive data center campus in Graham, Texas, marking a potential major expansion of digital infrastructure in a region currently devoid of such facilities. The project, code-named "Project Saltworks," underscores the continued surge in demand for large-scale computing capacity driven by AI and cloud computing.

Headwaters Site Development, an affiliate of Stream Data Centers, is targeting an approximately 890-acre land parcel south of Lake Graham for the development. According to company filings, the site, bounded by FM 61 and FM 209, could host up to 15 data center buildings. The total investment for the project is estimated at $10 billion, signaling the scale of capital required to build next-generation data center campuses.

A tax impact document prepared by the Young County Appraisal District provides a glimpse into the potential economic benefits. The document, which assumes Project Saltworks would be valued at $1 billion in its initial phase, estimates that at that valuation, the campus would generate approximately $14 million in annual revenue for local school districts and hospital districts. Specific details regarding the project’s total IT capacity in megawatts were not disclosed.

In a related transaction, hydrogen firm Plug Power recently sold land in Graham that was previously earmarked for a new hydrogen plant to Stream. The deal, valued at $76.5 million, included approximately 66 acres of land and a 164MW grid connection, providing a critical power asset for the proposed data center campus.

It remains unclear whether Headwaters has formally submitted a site plan or building permit application to local authorities for Project Saltworks. However, the City of Graham has taken a preliminary step by voting to place funds into escrow to cover consultant fees for the project, with those costs set to be reimbursed by Headwaters, according to local news outlet KFDX. The city, located roughly 90 miles west of the Fort Worth-Dallas metroplex, currently has no operational data centers, according to Data Center Map.

The proposal highlights a broader trend of data center development moving into smaller, rural communities in Texas, attracted by available land, tax incentives, and access to power. If realized, Project Saltworks would represent one of the largest single data center investments in the state and significantly alter the local economic landscape.