{"comps": {"land": [], "powered_shell": []}, "hero": {"composite_score": null, "computed_at": "2026-11-12T08:45:13.101201+00:00", "constraint_score": null, "excess_power": null, "iso": "ERCOT", "lat": 32.8, "lng": -96.82, "name": "Dallas", "queue_wait_months": null, "slug": "dallas", "state": "TX", "time_to_power_mo": null, "time_to_power_months": null, "verdict": "CAUTION"}, "is_pro": true, "kpis": {"facility_count": 366, "headline_basis": "every facility listing DC Hub tracks in this market (operational, under construction, planned and announced; verified and unverified listings included), deduplicated by name + operator across the facilities and discovered_facilities tables. MW is summed over the listings that report capacity (mw_reporting_count of facility_count), so read it as a floor.", "lease_rate": null, "mw_reporting_count": 66, "operational_mw": 3471.0, "pipeline_mw": 2470.0, "queue_months": null, "top_operator": {"facility_count": 16, "name": "DataBank"}, "total_mw": 7017.1, "unverified_included": true, "vacancy_pct": null}, "live_as_of": {"age_hours": 0.3, "iso": "2026-11-12T08:45:13.101201+00:00"}, "ma": [{"buyer": "Stack", "date": "2026-10-19", "mw": null, "seller": null, "type": "New Build", "value": 540.0, "value_unit": "USD millions"}, {"buyer": "Amazon", "date": "2026-09-30", "mw": null, "seller": null, "type": "New Build", "value": 430.0, "value_unit": "USD millions"}, {"buyer": "QTS", "date": "2026-08-19", "mw": 48.0, "seller": null, "type": "Power Agreement", "value": null, "value_unit": "USD millions"}, {"buyer": "Compass", "date": "2026-06-05", "mw": null, "seller": null, "type": "Equity", "value": 15.0, "value_unit": "USD millions"}, {"buyer": "KIDZ AI", "date": null, "mw": null, "seller": null, "type": "investment", "value": 44.6, "value_unit": "USD millions"}, {"buyer": "Microsoft", "date": null, "mw": null, "seller": null, "type": "acquisition", "value": 95.5, "value_unit": "USD millions"}], "ok": true, "open_access": "Open to every caller: this is one of the 20 largest US data-center markets by tracked capacity, and its full market briefing (grid, risk, time to power, scores) is free.", "operators": [{"facility_count": 16, "operator": "DataBank", "ranked_by": "facility_count", "total_mw": 582.0}, {"facility_count": 14, "operator": "Equinix", "ranked_by": "facility_count", "total_mw": 518.0}, {"facility_count": 14, "operator": "Digital Realty", "ranked_by": "facility_count", "total_mw": 220.0}, {"facility_count": 11, "operator": "Flexential", "ranked_by": "facility_count", "total_mw": 148.0}, {"facility_count": 8, "operator": "Aligned", "ranked_by": "facility_count", "total_mw": 1242.0}], "outlook": {"generated_at": "2026-11-09T09:01:16.661920+00:00", "narrative_md": "# Dallas Data Center Power & Supply\n\nDallas data center infrastructure spans 366 tracked facilities totaling 7,017 MW across operational, under-construction, and planned assets, with DataBank, Digital Realty, and Equinix each operating 14\u201316 sites. The market's operator base remains concentrated among five players\u2014DataBank (16 sites), Digital Realty (14), Equinix (14), Flexential (11), and Aligned (8)\u2014though recent activity shows expansion beyond this core. Flexential has acquired 110 acres outside Dallas for a 108 MW data center campus, while KIDZ AI committed $44.6 M in announced investment tied to data center capacity.\n\nThis combination means new facilities can be sited and built, but power procurement will require active coordination with utility providers and grid operators.\n\nDeal flow in Dallas shows mixed signals. Announced commitments remain thin\u2014KIDZ AI's $44.6 M investment and the Northampton Capital Partners / Provident Data Centers joint venture represent the only recent tracked transactions\u2014suggesting either a pause in formal M&A or a shift toward build-to-suit and lease structures not yet reflected in announced deals. Flexential's 110-acre acquisition for greenfield development indicates incumbent operators are still pursuing land banks and capacity expansion, even as headline deal volume remains subdued. The concentration of sites among five operators underscores structural market dynamics: entry and scaling still depend on either acquisition of existing portfolios or capital-intensive ground-up development.\n\nPower supply dynamics will likely remain a negotiating point for any new capacity announcement in Dallas through 2027.", "rationale": null, "verdict": "CAUTION", "word_count": 298}, "pipeline": [{"eta": null, "facility": "Yondr Lancaster (Dallas Campus)", "operator": "Yondr Group", "power_mw": 550.0, "status": "Planned"}, {"eta": null, "facility": "DataBank Red Oak Mega Campus", "operator": "DataBank", "power_mw": 500.0, "status": "Under Construction"}, {"eta": null, "facility": "Anthropic Texas AI Campus", "operator": "Anthropic / Fluidstack", "power_mw": 300.0, "status": "Planned"}, {"eta": null, "facility": "Compass Red Oak Campus (Dallas)", "operator": "Compass Datacenters", "power_mw": 250.0, "status": "Under Construction"}, {"eta": null, "facility": "Crow Holdings / CleanArc - Stemmons Corridor", "operator": "Crow Holdings", "power_mw": 245.0, "status": "Planned"}, {"eta": null, "facility": "PowerHouse Irving (Las Colinas)", "operator": "PowerHouse Data Centers", "power_mw": 201.0, "status": "Under Construction"}, {"eta": null, "facility": "CoreWeave Helios TX (Core Scientific)", "operator": "CoreWeave", "power_mw": 200.0, "status": "Under Construction"}, {"eta": null, "facility": "Compass Allen TX-1", "operator": "Compass", "power_mw": 96.0, "status": "Under Construction"}, {"eta": null, "facility": "Edged Texas 1", "operator": "Edged", "power_mw": 80.0, "status": "Under Construction"}, {"eta": null, "facility": "QTS DFW-3", "operator": "QTS", "power_mw": 48.0, "status": "Under Construction"}, {"eta": null, "facility": "Arcadian Infracom Dallas PoP", "operator": "Arcadian Infracom", "power_mw": null, "status": "Planned"}], "power_grid": {"gen_additions_mw": 19969.0, "interconnection_pending_mw": 446265.84, "iso": "ERCOT", "iso_queue": {"as_of": "2026-10-31", "as_of_basis": "published_report", "basis_note": "ERCOT's published active generation interconnection requests (ERCOT's own report: the GIS Summary or the Monthly Operational Overview, named in queued_generation_gw_source); separate from the large-load queue", "iso": "ERCOT", "queue_kind": "large_load", "queued_generation_gw": 461.4, "source_name": "ERCOT large-load queue (Senate presentation Jul 29 2026; June 19 LLWG) + generation queue (Oct 31 2026)", "source_url": "https://www.ercot.com/files/docs/2026/06/18/June-19-LLWG-Report.pptx"}, "queue_capacity_mw": 464943.5, "queue_wait_months": null, "reserve_margin_pct": null, "time_to_power_as_of": "2026-11-12T08:45:13.101201+00:00", "time_to_power_basis": "DCPI modelled months to energize a new large load in this market (method: https://dchub.cloud/dcpi/methodology); a model estimate, not a utility date", "time_to_power_months": null}, "redirect_to": null, "requested": "dallas", "risk": {"drought_months_d2_plus": null, "errors": {"drought_months_d2_plus": "no_drought_source_ingested"}, "water_band": 3, "water_band_label": "Medium-High", "water_category": "mean of 229 Aqueduct 4.0 baseline-annual basins (arid counted as", "water_stress": 55.9, "wildfire_seismic_note": null}, "slug": "dallas", "tier": "FREE", "_gated": true, "_locked_fields": ["constraint_score", "excess_power", "excess_power_score", "reserve_margin_pct", "time_to_power_mo", "time_to_power_months", "top_opportunities_json", "top_risks_json"], "_upgrade_cta": "BUILD/CAUTION/AVOID verdicts, the composite score and the market list are free. The DCPI sub-scores (excess-power, grid-constraint, time-to-power) and risk/opportunity detail unlock with the DC Hub plan with every tool: https://dchub.cloud/pricing."}