Stream Data Centers increases planned investment in New York data center campus to $19.46 billion

Stream Data Centers has dramatically expanded its planned investment for Project Double Reed at New York's STAMP campus, now committing $19.46 billion for a 500 MW data center development. This nearly threefold capital increase from the initial $6.3 billion, announced on March 9, 2026, indicates an intensified focus on securing substantial hyperscale capacity in the United States. As a leading developer and operator of highly resilient facilities, Stream Data Centers is executing a development-type deal to deliver this critical infrastructure. The $13.16 billion surge in funding for this single project suggests an accelerated demand or expanded scope to meet the demanding requirements of its Fortune 50 partner. This move positions Stream Data Centers to deliver a massive, secure data center solution tailored for large-scale operations. The Dallas-based global telecommunications giant, a Fortune 50 company operating extensive wireless and fiber networks across the United States and Mexico, is the primary driver behind this expanded capacity. Its need for robust infrastructure to support mobile, broadband, and business services directly fuels the demand for the 500 MW facility. Stream Data Centers, specializing in build-to-suit and hyperscale solutions, is leveraging its expertise to deliver this bespoke project. This $19.46 billion development significantly bolsters Stream Data Centers' portfolio of large-scale facilities, reinforcing its position in the competitive data center market. For the Fortune 50 company, securing 500 MW of capacity ensures the continued expansion and reliability of its services across its vast North American network, supporting its operational footprint in the United States and Mexico.