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Crusoe Abilene campus for Oracle
A Stargate site. A joint venture borrows from a JPMorgan-led group to build a Texas campus that Oracle leases and OpenAI uses.
- Size
- $9.4B · $7.1B for the second phase and $2.3B for the first.
- Date
- Type
- Bank loan
- Status
- Closed
Who does what
- JPMorganleads the construction loans
- Blue Owljoint venture partner
- Primary Digitaljoint venture partner
- Crusoejoint venture partner and developer
- Oracleleases the site
- OpenAIthe end user of the capacity
What we don’t know
- The other banks in the group
Sources
- JP Morgan Chase Lends $7B on Oracle-Leased Texas Data Center Development Commercial Observer · May 22, 2025
We opened each of these on Oct 30, 2026.
See it on the debt map. Not financial advice.