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Market Brief · AVOIDDCPI score pending · Live as of 75% live coverage · 6/8 sections
| Operator | Facility | Power | Status | ETA |
|---|---|---|---|---|
| Microsoft | Microsoft Fairwater AI Superfactory | 500 MW | Under Construction | Not tracked |
| Equinix | Equinix Hampton xScale Campus | 240 MW | Under Construction | Not tracked |
| ServerFarm | ServerFarm Covington | 60 MW | Planned | Not tracked |
| Form8tion | Form8tion Atlanta 1 | 30 MW | Under Construction | Not tracked |
| Southeast Property Holdings | Southeast Property Holdings Hampton | 2 MW | Planned | Not tracked |
| Not tracked | THE KEEP 2 CAMPUS | Not tracked | Planned | Not tracked |
| Not tracked | DCB ATLANTA EAST, LLC | Not tracked | Planned | Not tracked |
| Not tracked | SDC ATLA | Not tracked | Planned | Not tracked |
| Operator | Facilities | Total MW |
|---|---|---|
| Digital Realty | 11 | 500 MW |
| Flexential | 11 | 10 MW |
| DataBank | 7 | 15 MW |
| Switch | 5 | 480 MW |
| Equinix | 4 | 70 MW |
The top four operators—Flexential and Digital Realty (11 facilities each), DataBank (7), and Switch (5)—control approximately half the tracked base, leaving significant fragmentation across smaller and unverified listings.
The verdict to avoid reflects the difficulty of securing incremental supply at scale, not market demand or facility quality; operators will face extended timelines and elevated costs for new power connections or upgrades.
Recent deal flow includes a lease arrangement involving QumulusAI, though terms and counterparty identity remain unreported. The broader Atlanta region shows active development: Carrier Connect recently secured a 4 MW lease for an entire facility outside the city limits, suggesting operators are finding capacity by expanding beyond core metros. Regional news has flagged Atlanta as a top market for data center construction, though local and state leadership discussions around potential moratoriums reflect tension between growth velocity and infrastructure strain.
The combination of tight power availability and ongoing construction velocity creates an asymmetric market where new entrants face meaningfully harder power procurement than existing operators with established utility relationships.