QTS Cedar Rapids is an AI data center under construction with an unknown owner. In Q4 2027, we project it to host an estimated 3,669k H100-equivalents of AI compute, supported by 1,133 MW of IT power at a capital cost of $42.9 B.

The timeline of IT power and AI compute capacity is based on satellite imagery, our cooling equipment power model, chip availability, and grid operator data.

The estimated Phase 1 power matches a 616 MW load request filed by a QTS shell company, though the full two-phase plan would need more than double that.