Stack Infrastructure

Stack Infrastructure has topped out the first building at its data center campus in Stafford County, Virginia. The campus is planned for 1GW of total capacity. This milestone marks a significant construction achievement for the large-scale development. The project is located in Stafford County, a growing data center market in Virginia. GCs, subcontractors, and vendors should monitor this campus for ongoing and future construction phases as additional buildings come online.

Stack Infrastructure, controlled by Blue Owl Capital, has engaged consultants to evaluate the partial or full sale of data center assets in Australia, Japan, and Malaysia for more than $30 billion. Blue Owl acquired Stack as part of the IPI Partners LLC takeover in 2025. Stack expanded in the Asia-Pacific region by opening a regional headquarters in Singapore and raised $12.1 billion in funding rounds. The potential divestiture reflects surging investor appetite for data center assets driven by AI demand. Analysts project investments in the data center sector will reach $3 trillion within five years.

Danville Planning Commission recommended approving amendments to the city's Unified Development Code to allow data center operations. SAC III Acquisition Co., an affiliate of Stack Infrastructure, has agreed to purchase nearly 3,000 acres at the Southern Virginia Megasite at Berry Hill for a major data center project. Proposed regulations require parcels of at least 150 acres, 500-foot setbacks from residential properties, and prohibit data centers within existing industrial parks. Danville City Council will vote on the code changes on May 5. GCs, subs, and vendors should monitor this large-scale greenfield opportunity as approvals advance.

Stack Infrastructure is expanding its New Albany, Ohio data center campus to triple its current footprint, representing a major capacity play in the Midwest hyperscale market. The expansion builds on Stack's existing New Albany presence, positioning the operator to capture growing demand from cloud providers and enterprise customers in the region without requiring new market entry. This growth signals Stack's confidence in New Albany as a tier-one Midwest hub competing with established markets like Chicago and Indianapolis for hyperscale workloads. The decision to expand rather than develop greenfield sites demonstrates Stack's preference for de-risking through proven locations with established utility infrastructure and customer proximity. Equipment vendors and construction firms should expect increased RFQ activity for power distribution, cooling systems, and build-out services as Stack accelerates this multi-phase expansion.