Memphis data center market

Power availability in Memphis: DCPI verdict AVOID, composite score 28.4 of 100, as of 2026-11-12. Source: DC Hub.

Data Center Market Deep-Dive · 278 words · generated 2026-11-07 from live DC Hub data · DCPI live as of 2026-11-12

DCPI Score28.4/100
MW, all listings4,600sum of the sites that report MW; most do notany status, unverified listings included
VerdictAVOID

Memphis at a glance

By listed capacity the largest operators are Xai (2,000 MW).

Capacity by status, as of 2026-11-12
StatusMW
Status not reported2,000
Total listed2,000

Source: DC Hub (dchub.cloud), facility records as of 2026-11-12. Verified sites that report MW only; blank means no MW reported. The "MW, all listings" tile above is a wider measure (every tracked site that reports MW, any status, unverified directory listings included), so it is larger than Total listed.

Colocation lease rates in Memphis

DC Hub does not hold a lease-rate figure for this market yet.

Recent capital activity includes a $575M investment commitment from 5C, though deal velocity remains modest relative to market size. The operator landscape reflects both hyperscale AI infrastructure expansion and traditional colocation presence.

The DCPI verdict of AVOID signals structural tightness in new power procurement. Together, these metrics suggest that securing incremental megawatts for new or expanded facilities will face headwinds—not from demand weakness, but from supply-side infrastructure lag. Operators seeking to add capacity should expect extended lead times on utility interconnection and potential power-cost premiums reflecting scarcity conditions.

Deal flow remains thin despite Memphis's profile as a major AI compute hub. The $575M 5C commitment stands as the sole recent transaction in the tracked registry, highlighting sparse third-party capital activity relative to the 4,600 MW footprint. xAI's dominant six-facility presence reflects direct corporate deployment rather than merchant-market dynamics; DataBank and CenturyLink Memphis represent more traditional wholesale and carrier-grade supply. This operator mix—heavy on direct-to-user and AI-native deployment, light on pure-play M&A—suggests capital is flowing through direct corporate channels rather than acquisition markets.

Data centers in Memphis

FacilityOperatorStatusMW
Xai Memphis TN Data CenterXaiAnnounced2,000
COLOSSUS DATA CENTER
DataBank Memphis (MEM1)DataBankOperational
EdgeConneX Memphis (EDCMEM01)EdgeConneX Inc.Operational
Expedient MemphisExpedientOperational
Level(3) MemphisLumen TechnologiesOperational
xAI MACROHARDRRxAIAnnounced
xAI Macrohard Colossus 2xAIOperational
xAI MacrohardrrxAIOperational

Largest first by reported MW (blank where not reported). Unverified directory listings are not shown.

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Memphis: 4,600 MW tracked, any status — live, cited, and queryable by API or MCP.

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JSON: /api/v1/markets/memphis/deep-dive · DCPI: /dcpi · Operators: /operators · Narrative written 2026-11-07, refreshed on a rolling schedule (about monthly per market); the DCPI score, MW total and facility records above are read live at page load