Midwest Capital Group, Inc. acquires options on 900-acre land parcel for data center development in Salix, Iowa

Type: Acquisition · Technology: Data Center · Country: United States · Announced: 2026-06-08

Midwest Capital Group, Inc., an affiliate of energy company MidAmerican, acquired options on a 900-acre land parcel in Salix, Iowa, for the purpose of transferring the property to a future customer that would develop a data center site. The site, bounded by Old Highway 75, 260th Street, and Charles Avenue, is being evaluated for possible development as a large data center campus. MidAmerican's involvement has focused on identifying and securing a suitable site for a large electric customer, with the future customer responsible for the full cost of infrastructure, including generation, transmission, and substation investment. The acquisition of options was disclosed in a letter sent to the Salix City Council on June 8, 2026, though no end-user customer has been chosen yet. The project faces opposition from local residents concerned about the negative effects of industrial development near their homes.

Analysis

Midwest Capital Group, Inc., an affiliate of MidAmerican, announced on June 8, 2026, the acquisition of options on a 900-acre land parcel in Salix, Iowa. This acquisition is for the purpose of transferring the property to a future customer for data center development. The site, bounded by Old Highway 75, 260th Street, and Charles Avenue, is being evaluated for possible development as a large data center campus. MidAmerican's involvement has focused on identifying and securing a suitable site for a large electric customer, with the future customer responsible for the full cost of infrastructure, including generation, transmission, and substation investment. No end-user customer has been chosen yet for the project, which faces opposition from local residents.

Key points

Counterparties

Source article