The $9 billion "Stargate" datacenter in Abilene, TX, was supposed to come online in March with 1.2 gigawatts of compute. Now, it's slated to finish construction in mid-2027. What happened? Read the full article by @NecessaryForm here:

Oracle’s data center in Abilene is one of the largest construction projects in the world with nearly 20 million worker hours and 9,000 workers onsite to date. It is also far safer than most. Recordable incidents at the site are approximately 2.5x lower than industry norms based on Bureau of Labor Statistics data. Our partners operate with a safety-first culture, and when incidents occur, they respond immediately and appropriately, which means emergency and offsite medical services are provided when needed. We will continue to prioritize the safety and well-being of our workers while driving one of the largest reindustrialization efforts in our country’s history.

How can rural communities in Texas thrive economically, deliver essential services and build futures worth staying for? Join rural leaders, policymakers and innovators for a symposium to figure it out. In Abilene & online, Nov. 18-19. RSVP:

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The Stargate Consortium, an OpenAI-Oracle-SoftBank joint venture, has managed to mobilize massive amounts of capital for datacenter buildouts. But the issues with the Abilene site are emblematic of a larger problem in this slapdash model of AI financing.

Crusoe remains a strong and reliable partner to Oracle. We are very proud of the progress we’ve made together to bring capacity online in Abilene at a rapid pace. We regularly assess new sites, with Crusoe and our other partners, to find opportunities that meet future demand.