QTS Cedar Rapids is an AI Data Center under construction, projected to host an estimated 3,519k H100-equivalent chips — supported by 1,133 MW — at a capital cost of $42.9 B. The timeline of IT power and 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.