Data center profile · Hubbard, Hill County, Texas (880 State Highway 171)

Nexus Hubbard

Self-powered gas campus near Hubbard, Texas: 613 MW certified for phase 1, 7.2 GW applied for; Anthropic reported as tenant, unconfirmed.

Site work underway. Site preparation, contractor stormwater permits and a 310 ft crane clearance (Sept. 2026) show early construction, but no building is verified rising. The full-buildout air permit is still pending, and neither the tenant lease nor the reported $15B financing is confirmed on record.
613 MW
on-site gas power certified for phase 1
30 gas engines; state air registration, June 2025; this is generation, not IT capacity
7,230 MW
on-site generation applied for at full buildout
pending state air application; sum of the equipment list, not yet permitted
$74M
Eagle Point loan position shown in an SEC filing
lender says two nine-figure loans in all; 14.73%, due Feb. 28, 2029
~2,900 acres
campus size, per company materials
early press said ~2,000 acres; sources conflict
OperatorNexus Data Centers (developer); Nexus Hubbard Power, LLC holds the air permits
CustomerUndisclosed; Anthropic reported by the Financial Times, not confirmed
Planned IT capacity4.4 GW at full build-out (our estimate from on-site generation)
First building in serviceOur estimate: 2027 (range 2027 to 2028); company says 2027.
Next deadlineOct. 2027: State building registration window for the first 491,380 sq ft building ends (a registration window, not a commitment)
Construction from orbit

What the satellites see on the ground

From orbit, ground clearing shows from March 2026, and radar shows no structures rising yet. About 80 acres of very bright surface show by Oct. 2026, but radar sees no buildings yet, so these are most likely graded pads or slabs rather than roofs. That fits our stage: site work.

Construction from orbit, as a share of the site: bare ground (left scale); roof and very bright radar echoes (right scale)
0102030%0255075100%2023Jul2024Jul2025Jul2026Jul▲ Permits▲ Site workBare groundRoofRadar: bright echoes
0102030%0255075100%2023202420252026▲ Permits▲ Site workBare groundRoofRadar: bright echoes
Roof: the highest 5-month median so far (roofs do not come down), dots are single months; bare ground: 3-month median; radar: 2-month median. Contains modified Copernicus Sentinel data 2023–2026.

How this works: Sentinel-2 photographs the ground every few days at 10 m. For each month we keep the cloud-free views over a 1.5 km square around the site point (no outline is mapped) (about 560 acres) and count the share that reads as bare ground and the share that reads as roof (very bright, not vegetated). Sentinel-1 radar sees through cloud every 6–12 days; walls and steel bounce the signal straight back, so the share of very bright radar echoes rises as buildings go up. Bright gravel pads and fresh concrete can read as roof, and wet or snowy months dip, so we read the trend, not single months. Black ticks mark our stage dates. Data: Copernicus Sentinel-1 and Sentinel-2, via the Copernicus Data Space Ecosystem.

Power

Power and the grid

None energized or contracted yet · 613 MW permitted

Phase 1 gas engines (on-site)Certified, not shown running
613 MW
612.93 MW from 30 engines of 20.4 MW each; certified June 18, 2025; press rounds this to 600 MW and the Financial Times reports ~500 MW of delivery targeted for late 2026 State agency · June 2025
Full-buildout gas plant (turbines and engines)Applied for, pending
7,230 MW
sum of the equipment list in the pending state application (combined-cycle and simple-cycle turbines plus engines); press has also cited ~7.7 GW and a tracker 5.6 GW State agency · Oct. 2026
PermittedProposed
Backup generators (emergency use, not a power supply)
Not used, not on record, or dropped

Getting on the grid

Who supplies what, what it costs, and what is still not public.

  1. June 18, 2025
    Phase 1 gas engines certified
    The state air regulator certifies 612.93 MW of baseload gas engines as the campus's primary power source. see Permits
  2. Feb. 17, 2026
    Full-buildout air application filed
    Nexus Hubbard Power applies for a major-source air permit for the self-powered campus; it is being processed on an expedited basis. State agency · Oct. 2026
  3. June 3, 2026
    Gas pipeline site work covered
    A stormwater permit is issued for the gas supply lateral to the campus, held by WTG Hubbard Transmission. see Permits
  4. As of Oct. 2026
    Air permit still undecided
    The state's pending-permit page shows no preliminary decision and no draft permit for the 7,230 MW plant. see Permits
  5. Not set
    Operating permit: not filed
    The company told the state a Title V operating permit application will be submitted; none had been located by Oct. 18, 2026. see Permits
Is it running?

Evidence from space

NO2 over the site, net of the rural background, edged up from −1 to 2 µmol/m² between July–September 2025 and 2026, while the rural background stayed flat (26 and 24). The change is small next to normal swings, so it is not clear evidence of new combustion. Plant records also show no on-site power plant running yet. On record here: Phase 1 gas engines (on-site), 613 MW, permitted; Full-buildout gas plant (turbines and engines), 7,230 MW, proposed. No rise fits a plant that is not running yet, or runs little; it does not prove either.

See all campuses checked →

NO2 over the campus and over open country (µmol/m²)
020406080Jan 2025AprJulOctJan 2026AprJulOctOver the campusOpen country
020406080Jan 2025JulJan 2026JulOver the campusOpen country
Lines: 7-day (daily) / 3-week (weekly) averages; gaps from cloud filled by straight-line interpolation; dots are raw readings. Shaded: July–September 2025 and 2026, averaging −1 and 2 µmol/m² above open country.

What else could explain it

How this works: the Sentinel-5P satellite measures NO2 in the air over every point on Earth once a day, around 1:30 p.m. local time, in pixels about 5.5 by 3.5 km. NO2 comes from burning fuel (turbines, engines, traffic, power plants), so a rise over a site that open country does not share points to new combustion there. It shows combustion activity, not megawatts. The site box is about 15 km across; the background box is open country about 71 km away. We use only high-quality readings and drop days or weeks when cloud hides more than half of either box. Data: Copernicus Sentinel-5P (ESA), processed with the Copernicus Data Space Ecosystem Sentinel Hub statistics service.

Permits

Permits checklist

2 pending · 8 granted · 2 checked, nothing on file

Risks

What could slow it down

Lawsuits

1 case on record

Money

Money on record

$74.1M
Eagle Point loan shown in an SEC filing
Tranche B, 3-month SOFR plus 11.00%, originated Feb. 26, 2026, due Feb. 28, 2029 SEC filing · Oct. 2026
2 loans
senior secured credit from Eagle Point
lender calls both nine-figure (Mar. 12, 2026); only the $74.1M position is itemized Company · Oct. 2026
~$15B
construction financing in talks, Morgan Stanley-led (press)
not closed as of Aug. 17, 2026; Google would reportedly guarantee Anthropic's lease only after completion News report · Oct. 2026
up to ~$5B
Google backing reported by the Financial Times (press)
Mar. 2026; not confirmed by the companies News report · Oct. 2026
$50M
community program pledged by Nexus
a pledge recorded in city minutes, not an executed agreement Local government · Oct. 2026
$600M
Construction loan, recorded Apr. 2026
Deed of trust on State Highway 171 parcel, borrower Nexus Data Centers Hubbard LLC; lender not named in the record (county deed records) County deed records · April 2026
$890M
Construction loan, recorded May 2026
Later deed of trust, borrower Nexus Data Centers Hubbard LLC; lender not named in the record (county deed records) County deed records · May 2026
$400M
estimated cost per registered building (press)
News report · Oct. 2026

Not on record: equity from Transition Equity Partners: undisclosed, closed Dec. 9, 2025 Company · Oct. 2026

Land assembly

7 recorded land documents for the campus company in county records (Dec. 2025 to July 2026); 3 list a price. 2 related-party transfers are shown greyed. Parcel counts come from the deed; acreage is not recorded.

Timeline

What happened, and what is due

SitePaper trailConstructionPowerPermitsMoneyLegalUpcoming
  1. June 18, 2025
    Permits The state air regulator certifies 612.93 MW of on-site gas engines for the campus State agency · June 2025
  2. Nov. 2025
    Construction Site preparation begins, according to local press News report · Oct. 2026
  3. Dec. 2, 2025
    Site Nexus Data Centers LLC records two land purchases, from Braddock and from Schoeneberg, price not recorded (county deed records) County deed records · Dec. 2025
  4. Dec. 9, 2025
    Money Transition Equity Partners closes an equity investment in Nexus Company · Oct. 2026
  5. Dec. 2025
    Site Trade press reports Nexus's plan for a 612 MW gas-powered campus near Hubbard News report · Dec. 2025
  6. Feb. 17, 2026
    Permits Nexus Hubbard Power files for the full-buildout air permit; the same day Nexus tells the Hubbard council that rock trucks are already running State agency · Oct. 2026
  7. March 2026
    Money The Financial Times reports Anthropic signed a lease and Google may back construction (press; unconfirmed) News report · Oct. 2026
  8. April 16, 2026
    Money A $600M construction deed of trust for Nexus Data Centers Hubbard LLC is recorded; lender not named (county deed records) County deed records · April 2026
  9. May 1, 2026
    Money A second construction deed of trust, $890M, is recorded for the same borrower (county deed records) County deed records · May 2026
  10. May 12, 2026
    Permits Hill County adopts a one-year data-center moratorium, 3-2, after about 50 residents speak against; reporting says it did not reach Nexus Local government · Oct. 2026
  11. June 4, 2026
    Permits The county rescinds the moratorium after another developer sues for $100M (press) News report · Oct. 2026
  12. Aug. 17, 2026
    Money The reported $15B construction financing is still unclosed News report · Oct. 2026
  13. Sept. 4, 2026
    Construction The FAA clears a 310 ft construction crane at the campus FAA · Sept. 2026
  14. Oct. 2026
    Permits The state shows no preliminary decision yet on the 7,230 MW air permit State agency · Oct. 2026
  15. Oct. 2027
    Construction End of the registered construction window for the first building News report
  16. Feb. 28, 2029
    Money Eagle Point's Tranche B loan comes due SEC filing · Oct. 2026
Construction activity

Building activity by quarter

Since June 2025: 1 FAA filing (Sept. 2026): a 310 ft crane; 1 satellite capture.

FAA filings
Satellite
’26
Dot size: records in the quarter, largest = 1. Two-digit years mark each first quarter.
The buildings

Specs

~2,900 acres
campus, company materials; early reports said ~2,000
Company
491,380 sq ft
per building; two buildings registered so far (press)
News report · Oct. 2026
30 gas engines
20.4 MW each, the phase 1 plant
State agency · Oct. 2026
47 diesel units
3.25 MW each for backup (153 MW)
State agency · June 2025
100,000 gal/day
treated city wastewater offered for cooling, company statement (press)
News report
Who is involved

Owners, partners and builders

Developer and owners
  • Nexus Data Centers, LLC: developer and operator, formed Jan. 2025; Ivan Van der Walt, CEO; Brent Wahl, CFO
  • Nexus Hubbard Power, LLC: holds the air permits
  • Nexus Apex Holdings, LLC: borrower on the Eagle Point loans
  • Poisson Aviation Capital: acquired about 2,000 acres in Hubbard (press)
Reported tenant
  • Anthropic: reported by the Financial Times, not confirmed
Investors and lenders
  • Transition Equity Partners: equity
  • Eagle Point Credit Management: senior secured lender
  • Google: reported backer and guarantor (press)
  • Morgan Stanley: reported lead of the unclosed consortium (press)
Builders and partners
  • Tellepsen Builders: general contractor on the batch plant permit
  • Forgen: contractor on a campus stormwater permit
  • WTG Hubbard Transmission: gas supply lateral
  • AirJoule Technologies: water-from-waste-heat partner under a memorandum and a proposed purchase agreement
Decision-makers
  • Texas Commission on Environmental Quality: air permits
  • Hill County Commissioners Court: reinvestment zone and moratorium
  • City of Hubbard council: receives Nexus's community pledges
Still unknown

Open questions

Where this comes from

215 records from 32 documents

Drawn from news reports, state agency records, company statements, public and commercial datasets, local government records, securities filings, our own analysis and satellite captures, each kept with its date and source. The bar shows documents by type.

News report 14State agency 8Company 4Dataset 4Local government 2SEC filing 2Analysis 1Satellite 0
Evidence

Every quote behind this page

Grade key: A = the primary record itself (permit, filing, exhibit) · B = a dated official statement · C = news reporting. Map distances are our own measurements on OpenStreetMap and carry no grade. Allegations in lawsuits are marked as such in the quotes.

Power (26)
  • Site address: 880 State Highway 171, Hubbard, TX 76648
    “This application would authorize construction of the Self Powered Data Center located at 880 State Highway 171, Hubbard, Hill County, Texas 76648”
    State agency · Oct. 2026 · grade A
  • Power model: behind-the-meter natural gas; grid-independent by design; no power sold to grid
    “The data center does not sell power to the grid”
    State agency · Oct. 2026 · grade A
  • Stated campus size: 612 MW
    “a registration for certification of 612.93MW of baseload natural gas power generation at the same location in Hubbard, Texas, has been submitted”
    State agency · Oct. 2026 · grade A
  • On-site generation: 7,230 MW
    “This permit will authorize power generation to support infrastructure necessary for managing data and high computational loads”
    State agency · Oct. 2026 · grade A
  • Full-buildout nameplate computed from TCEQ application 183046 equipment list (final buildout, worst-case PTE): 6x GE 7F.03 at 262 MW combined-cycle = 1,572; 4x 7F.04 at 309 = 1,236; 7x 7HA.01 at 438 = 3,066; 8x LM6000 PC
    “6x GE 7F.03 simple cycle @ 171 MW, converting to combined cycle @ 262 MW; 4x GE 7F.04 combined cycle @ 309 MW; 7x GE 7HA.01 combined cycle @ 438 MW”
    State agency · Oct. 2026 · grade A
  • Site address: 880 State Highway 171, Hubbard, Hill County, TX 76648
    “This application would authorize construction of the Self Powered Data Center located at 880 State Highway 171, Hubbard, Hill County, Texas 76648”
    State agency · Feb. 2026 · grade A
  • Power model: Self-powered behind-the-meter campus; the data center does not sell power to the grid
    “This permit will authorize power generation to support infrastructure necessary for managing data and high computational loads. The data center does not sell power to the grid.”
    State agency · Feb. 2026 · grade A
  • Interconnection status: Behind-the-meter self-powered campus - 612.93 MW of on-site baseload natural gas generation registered at TCEQ; the data center does not sell power to the grid and holds no grid interconnection po
    “This permit will authorize power generation to support infrastructure necessary for managing data and high computational loads. The data center does not sell power to the grid.”
    State agency · Feb. 2026 · grade A
  • On-site generation: 612.93 MW
    “a registration for certification of 612.93MW of baseload natural gas power generation at the same location in Hubbard, Texas, has been submitted under the Standard Permit for Electric Generating Units (EGUs)”
    State agency · June 2025 · grade A
  • On-site generation: 152.75 MW
    “The proposed new generators will be used to provide 152.75MW (47 x 3.25MW) of emergency power to support data center operations in the event of on-site power failure.”
    State agency · June 2025 · grade A
  • Generator fleet backup: 47 diesel emergency generators (3.25 MW each), 4 diesel storage tanks, 4 aqueous urea storage tanks
    “Nexus is proposing 47 generators, 4 diesel storage tanks, and 4 aqueous urea storage tanks.”
    State agency · June 2025 · grade A
  • Acreage: 2900 acres
    “Nexus Data Centers is developing a ~2,900-acre campus designed to support behind-the-meter power generation”
    Company · grade B
  • Power model: behind-the-meter natural gas - the campus is powered by on-site gas turbines (Nexus Hubbard Power, LLC); TCEQ air application 183046 / PSDTX1700 pending for the co-located plant at 880 State Highway 171
    “Nexus Hubbard Power, LLC (CN606391142) has applied to the Texas Commission on Environmental Quality (TCEQ) for an Air Quality Standard Permit”
    State agency · Oct. 2026 · grade B
  • Nearest power line of 345 kV or more: 11.65 km
    Measured on OpenStreetMap map data.
    OpenStreetMap · Oct. 2026
  • Nearest substation of 345 kV or more: 11.55 km
    Measured on OpenStreetMap map data.
    OpenStreetMap · Oct. 2026
  • Nearest gas pipeline: none verified within 16km km
    Measured on OpenStreetMap map data.
    OpenStreetMap · Oct. 2026
  • Filing record: No SEC filing states a campus MW figure; the sponsor's only SEC footprint is as an MOU counterparty in AirJoule Technologies' FY2025 10-K
    “In June 2025, we signed a memorandum of understanding with Nexus Data Centers, a developer of a hyperscale data center in Texas”
    SEC filing · Oct. 2026 · grade B
  • IT capacity: not stated
    “Documented absence: no primary or company source states an IT load for this campus. Every documented figure is generation-side (612.93 MW certified; ~7,230 MW applied-for) or a press-reported phase-1 delivery (~500 MW). Not booked.”
    grade B
  • Utility service: not stated
    “Documented absence by design: behind-the-meter campus with no grid interconnection; no utility ESA exists or is expected.”
    grade B
  • AirJoule Technologies' FY2025 10-K records a June 2025 MOU with the campus developer Nexus Data Centers on cooling/water technology integration - filing-grade confirmation of the sponsor behind the Hubbard campus, with n
    “we signed a memorandum of understanding with Nexus Data Centers, a developer of a hyperscale data center in Texas”
    SEC filing · June 2025 · grade B
  • Water supply: City of Hubbard treated effluent up to 100,000 gal/day (reported); Prairielands GCD well approved (reported)
    “Nexus has an agreement with the Hubbard wastewater treatment facility for up to 100,000 gallons per day of treated effluent, and the well is a backup method, according to information presented at the Hubbard meeting.”
    News report · grade C
  • Full-buildout claim of ~7,700 MW circulates in financial-press reporting (FT via DCD; Octus). NOT verified against any primary document and never booked in MW fields. The only document-derived buildout figure is ~7,230 M
    “could eventually be expanded to around 7.7GW”
    News report · Oct. 2026 · grade C
  • unverified, never booked.
    “Hubbard campus | Nexus Data Centers | Hubbard, Hill Co. | 5,630 MW per tracker”
    News report · Oct. 2026 · grade C
  • Phase-1 delivery of ~500 MW targeted for late 2026 per FT reporting, press only; sits alongside the certified 612.93 MW phase-1 generation capacity and the rounded 600 MW press figure.
    “The campus is aimed to offer 500MW of capacity later this year”
    News report · Oct. 2026 · grade C
  • Generating units on the permit: 31 combustion turbines (GE Frame 7F.03/.04, 7HA.01, LM6000 PF+ and PC Sprint) + 24 Everllence 18V51/60G natural gas reciprocating engines; approx. 7.23 GW full buildout per the air permit
    “Full buildout generation capacity (per air permit): ~7.23 GW from: 31 combustion turbines (mix of GE Frame 7F.03/.04, 7HA.01, LM6000 PF+ and PC Sprint models”
    News report · Sept. 2026 · grade C
  • Stated campus size: 612 MW
    “Nexus Data Centers has announced plans for a 612MW data center campus powered by natural gas turbines, near Hubbard, Texas”
    News report · Dec. 2025 · grade C
Money and contracts (41)
  • Community program: $50M Community Partnership Program (announced February 2026)
    “In a press release, Nexus announced a $50 million Community Partnership Program to support local infrastructure and economic development in Hill County”
    Local government · Oct. 2026 · grade A
  • reinvestment zone designation: existence
    “Reinvestment zone has been approved by the Hill County Commissioners with the next step discussing Tax Abatement or PILOT”
    Local government · Oct. 2026 · grade A
  • tax abatement (TX Ch. 312): FINDING: no executed agreement
    “Reinvestment zone has been approved by the Hill County Commissioners with the next step discussing Tax Abatement or PILOT”
    Local government · Oct. 2026 · grade A
  • community benefits pledge: existence, pledge, not an executed agreement 50,000,000 USD
    “Nexus announced a $50 million Community Partnership Program to support local infrastructure and economic development in Hill County”
    Local government · Oct. 2026 · grade A
  • Construction stage: clearing - TDLR construction window for building HB1 opened January 2026 (HB1 Jan 2026-Oct 2027; HB2 Jun 2026-Jan 2028); vertical construction not yet evidenced in OSM
    “HB1: 491,380 SF, $400M, construction January 2026 to October 2027; HB2: 491,380 SF, $400M, June 2026 to January 2028”
    grade B
  • Project company: Nexus Apex Holdings, LLC
    “it has provided the second in a series of two senior secured credit financings to Nexus Apex Holdings, LLC, owned by Nexus Data Centers”
    Company · Oct. 2026 · grade B
  • equity investment: existence
    “closing of a large strategic equity investment from Transition Equity Partners, LLC (TEP)”
    Company · Oct. 2026 · grade B
  • equity investment: scope
    “This investment will accelerate the development of Gigawatt scale data center campuses across the United States”
    Company · Oct. 2026 · grade B
  • senior secured credit financing (1 of 2): existence
    “it has provided the second in a series of two senior secured credit financings to Nexus Apex Holdings, LLC”
    Company · Oct. 2026 · grade B
  • senior secured credit financing (2 of 2): existence
    “Eagle Point is pleased to play a key role in supporting this advanced-stage data center project through two nine-figure financings”
    Company · Oct. 2026 · grade B
  • senior secured credit financing: value / terms amounts undisclosed in the release; lender describes both financings as nine-figure
    “two nine-figure financings”
    Company · Oct. 2026 · grade B
  • senior secured loan (SEC-filed position): terms / maturity 74083948 USD principal (Tranche B; 14.73% = 3M SOFR + 11.00%; due Feb. 28, 2029; originated Feb. 26, 2026)
    “Nexus Apex Holdings, LLC Senior Secured Loan, Tranche B, 14.73% (3M SOFR + 11.00%, due 2/28/2029) 2/26/2026 74,083,948”
    SEC filing · Oct. 2026 · grade B
  • water purchase agreement (PROPOSED): existence, MOU Jun 2025; WPA proposed, not shown executed
    “identified Nexus Data Centers as the AI hyperscale data center developer previously referenced in its June 2025 memorandum of understanding press release”
    Company · Oct. 2026 · grade B
  • water purchase agreement (PROPOSED): scope / deployment
    “Under the proposed WPA, AIRJ expects to deploy initial AirJoule systems at Nexus' mega campus in Hubbard, Texas in the second half of 2026”
    Company · Oct. 2026 · grade B
  • payment in lieu of taxes (PILOT): negotiation status, 10-year PILOT sought by the company; no action taken
    “the next step discussing Tax Abatement or PILOT”
    Local government · Oct. 2026 · grade B
  • Sponsor capital structure is brand-new: borrower holdco Nexus Apex Holdings, LLC was formed Nov 11, 2025, about four weeks before Transition Equity Partners' equity closing (Dec 9, 2025) and ~3.5 months before the Eagle
    “NEXUS APEX HOLDINGS, LLC (TX #0806303043, formed 2025-11-11, active)[B]”
    grade B
  • Land purchase (recorded deed): contract value USD
    “Recorded: July 9, 2026 · Price: $919,100,000 · Mortgage1amount: 910000000 · Grantor: BOEHM · Grantee: NEXUS LAND HOLDINGS LLC · Parcel number: 385873 · Address: 305 HCR 3372 · City: HUBBARD”
    County deed records · July 2026 · grade B
  • Land purchase (recorded deed): contract value USD
    “Recorded: July 9, 2026 · Price: $1,137,500,000 · Mortgage1amount: 910000000 · Grantee: NEXUS LAND HOLDINGS LLC · Parcel number: 105713 · Address: HC 3372 · City: HUBBARD”
    County deed records · July 2026 · grade B
  • Construction financing (recorded mortgage): contract value 910000000 USD
    “Recorded: July 9, 2026 · Price: $919,100,000 · Mortgage1amount: 910000000 · Grantor: BOEHM · Grantee: NEXUS LAND HOLDINGS LLC · Parcel number: 385873 · Address: 305 HCR 3372 · City: HUBBARD”
    County deed records · July 2026 · grade B
  • Construction financing (recorded mortgage): contract value 890000000 USD
    “Recorded: May 1, 2026 · Mortgage1amount: 890000000 · Grantee: NEXUS DATA CENTERS HUBBARD LLC · Parcel number: 145293 · Address: STATE HIGHWAY 171 · City: HUBBARD”
    County deed records · May 2026 · grade B
  • Construction financing (recorded mortgage): contract value 600000000 USD
    “Recorded: April 16, 2026 · Mortgage1amount: 600000000 · Grantee: NEXUS DATA CENTERS HUBBARD LLC · Parcel number: 455149 · Address: STATE HIGHWAY 171 · City: HUBBARD”
    County deed records · April 2026 · grade B
  • Land purchase (recorded deed): contract value USD
    “Recorded: April 15, 2026 · Grantor: NEXUS DATA CENTERS LLC · Grantee: NEXUS HUB INCORPORATED · Address: 000 ADDRESS EXCEPTION · City: CITY EXCEPTION”
    County deed records · April 2026 · grade B
  • Land purchase (recorded deed): contract value USD
    “Recorded: April 15, 2026 · Grantor: NEXUS DATA CENTERS LLC · Grantee: NEXUS HUB INCORPORATED · Address: 000 ADDRESS EXCEPTION · City: CITY EXCEPTION”
    County deed records · April 2026 · grade B
  • Land purchase (recorded deed): contract value USD
    “Recorded: Dec. 2, 2025 · Grantor: BRADDOCK · Grantee: NEXUS DATA CENTERS LLC · Address: 000 ADDRESS EXCEPTION · City: CITY EXCEPTION”
    County deed records · Dec. 2025 · grade B
  • Land purchase (recorded deed): contract value USD
    “Recorded: Dec. 2, 2025 · Grantor: SCHOENEBERG · Grantee: NEXUS DATA CENTERS LLC · Address: 000 ADDRESS EXCEPTION · City: CITY EXCEPTION”
    County deed records · Dec. 2025 · grade B
  • Tenant: Anthropic (REPORTED, not primary-confirmed)
    “Anthropic signed a lease for the project earlier this month”
    News report · grade C
  • Tenant status: reported
    “Anthropic signed a lease for the project earlier this month”
    News report · grade C
  • Target date hb1: Oct. 2027
    “Nexus - Apex DFW HB1 is set to span 491,380 sq ft (45,650 sqm). Construction on the $400 million project is set to run from January 2026 to October 2027”
    News report · grade C
  • tenant lease (REPORTED): existence, reported only
    “Anthropic signed a lease for the project earlier this month”
    News report · Oct. 2026 · grade C
  • construction financing (REPORTED): existence, reported only up to ~5,000,000,000 USD (reported ceiling)
    “The backing could include construction loans for Nexus Data Centers, the company that will operate the data center for Anthropic”
    News report · Oct. 2026 · grade C
  • construction financing talks (REPORTED, NOT CLOSED): status: unclosed ~15,000,000,000 USD (reported; ~$14B bridge + revolver)
    “Nothing in the public record shows that the financing has closed”
    News report · Oct. 2026 · grade C
  • credit guarantee (REPORTED): guarantee, reported only
    “Google would guarantee billions of dollars of Anthropic's lease and power commitments if the startup defaulted”
    News report · Oct. 2026 · grade C
  • credit guarantee (REPORTED): condition, reported only
    “The reported package includes roughly $14bn of bridge financing and a revolving facility, but no executed agreement or closing has been disclosed”
    News report · Oct. 2026 · grade C
  • equity participation (REPORTED): existence, reported only ~20% percent equity (reported)
    “The Wall Street Journal reported that a Morgan Stanley-led consortium was discussing financing for Nexus Data Centers, while Google would guarantee billions of dollars of Anthropic's lease and power commitments if the startup defaulted.”
    News report · Oct. 2026 · grade C
  • wastewater effluent supply (REPORTED): existence, reported only 100,000 gallons/day (reported ceiling)
    “Nexus has an agreement with the Hubbard wastewater treatment facility for up to 100,000 gallons per day of treated effluent, and the well is a backup method, according to information presented at the Hubbard meeting.”
    News report · Oct. 2026 · grade C
  • tax abatement / PILOT (TX Ch. 312): status, company reportedly withdrew from the tax negotiations in favor of direct investment
    “Nexus is not taking a tax break. It told Hill County it preferred direct investment rather than reduced tax obligations”
    News report · Oct. 2026 · grade C
  • community donations: condition (company-stated in donation letters)
    “the money is not tied to any agreement, permit, approval, or obligation on the part of the City”
    News report · Oct. 2026 · grade C
  • The reported ~$15B Morgan Stanley-led consortium financing (approx. $14B bridge + revolver) remained UNCLOSED as of the latest reporting (btw.media, updated Aug 17, 2026); banks were preparing a bond sell-down. No execut
    “Nothing in the public record shows that the financing has closed”
    News report · Oct. 2026 · grade C
  • Reported structure: Google would guarantee Anthropic's lease and power obligations, but the guarantee reportedly bites only after project completion; the debt was expected to price as speculative grade because of that ga
    “Google would guarantee billions of dollars of Anthropic's lease and power commitments if the startup defaulted”
    News report · Oct. 2026 · grade C
  • Watchtower CI's tally of Community Partnership Program commitments from city resolutions, minutes and Nexus letters includes: three police officers with indefinite salary/benefits funding plus ~$246,600 of vehicles/equip
    “$2,689,500 toward a citywide water-line replacement”
    News report · Oct. 2026 · grade C
  • Nexus reportedly withdrew from the Hill County tax-abatement/PILOT track and elected direct community investment instead (Watchtower CI, Jul 2026; consistent with the absence of any executed Ch. 312 agreement in the publ
    “Nexus is not taking a tax break”
    News report · Oct. 2026 · grade C
Permits and government (35)
  • Permit applicant: Nexus Hubbard Power, LLC
    “Nexus Hubbard Power, LLC (Central Registry) (CN606391142) has submitted an application for initial permit number 183046, GHGPSDTX269, and PSDTX1700”
    State agency · Oct. 2026 · grade A
  • Air, standard permit for electric generating units (BTM gas): certified
    “a registration for certification of 612.93MW of baseload natural gas power generation at the same location in Hubbard, Texas, has been submitted”
    State agency · Oct. 2026 · grade A
  • Air, permit by rule (emergency generators): certified
    “The proposed new generators will be used to provide 152.75MW (47 x 3.25MW) of emergency power to support data center operations”
    State agency · Oct. 2026 · grade A
  • Air, NSR / PSD / GHG PSD (full buildout): application submitted
    “has submitted an application for initial permit number 183046, GHGPSDTX269, and PSDTX1700”
    State agency · Oct. 2026 · grade A
  • Air, NSR / PSD / GHG PSD (full buildout): NORI issued (administratively complete)
    “This application would authorize construction of the Self Powered Data Center located at 880 State Highway 171, Hubbard, Hill County, Texas 76648”
    State agency · Oct. 2026 · grade A
  • Air, NSR / PSD / GHG PSD (full buildout): status check, PENDING, no draft permit
    “NAPD - Notice of Application and Preliminary Decision (TCEQ issues following a technical review and a preliminary decision to issue a draft permit)”
    State agency · Oct. 2026 · grade A
  • Air, Title V operating permit: applicant commitment recorded
    “The company confirms that a Title V permit application will be submitted for the site”
    State agency · Oct. 2026 · grade A
  • County land-use action: one-year moratorium on data center construction adopted (3-2)
    “it is hereby ordered to approve placing a one-year moratorium on data center construction in Hill County”
    Local government · Oct. 2026 · grade A
  • Active construction traffic on site by February 2026: Nexus's representative told Hubbard City Council that rock trucks were using FM 3369 for entry/exit (official minutes), primary evidence of physical works beyond the
    “To reduce traffic on 171, rock trucks are using FM 3369 for in and out entry”
    Local government · Oct. 2026 · grade A
  • City of Hubbard City Council: Nexus progress update from Jerry Schafer: TCEQ air permit submitted and preliminary tests indicate no harm to the local area; rock trucks using FM 3369 to reduce traffic on SH 171; $50M Comm
    “Nexus Data Center to discuss progress on data center. Jerry Schafer was present to provide an update on the data center progress”
    Local government · Oct. 2026 · grade A
  • Hill County Commissioners Court: Court Order 2026-5154: one-year moratorium on data center construction in Hill County adopted. Open forum: ~50 named residents plus 3 online speakers voiced opposition to data centers in
    “it is hereby ordered to approve placing a one-year moratorium on data center construction in Hill County”
    Local government · Oct. 2026 · grade A
  • Prevention of Significant Deterioration (PSD) permit: Application received - pending
    “Nexus Hubbard Power, LLC, has applied to the Texas Commission on Environmental Quality (TCEQ) for: Issuance of Permit 183046 Issuance of Prevention of Significant Deterioration (PSD) Permit PSDTX1700”
    State agency · Feb. 2026 · grade A
  • Greenhouse Gas PSD permit: Application received - pending
    “Issuance of Greenhouse Gas (GHG) Prevention of Significant Deterioration (PSD) Permit GHGPSDTX269”
    State agency · Feb. 2026 · grade A
  • Operator permittee: Nexus Hubbard Power, LLC (CN606391142)
    “Nexus Hubbard Power, LLC (Central Registry) (CN606391142) has submitted an application for initial permit number 183046, GHGPSDTX269, and PSDTX1700.”
    State agency · Feb. 2026 · grade A
  • Air New Source Review permit: Application received - pending
    “This application is being processed in an expedited manner, as allowed by the commission's rules in 30 Texas Administrative Code, Chapter 101, Subchapter J.”
    State agency · Feb. 2026 · grade A
  • Air Quality Standard Permit for Electric Generating Units (certification): Issued
    “The primary power generators will be authorized under EGU Standard Permit No. 180320.”
    State agency · June 2025 · grade A
  • Permit by Rule registration (30 TAC 106.511 emergency engines; 106.472 liquid lo: Issued
    “Nexus is proposing 47 generators, 4 diesel storage tanks, and 4 aqueous urea storage tanks.”
    State agency · June 2025 · grade A
  • FAA OE/AAA filings evidence vertical construction at Nexus Data Centers' Hubbard TX campus: a 310-ft Liebherr LR 1300.1 SX derrick/gantry crane, submitted Sept. 4, 2026 and Determined - No Hazard
    “ASN 2026-ASW-14111-OE: LR 1300.1 SX, Derrick/Gantry Crane, 310 ft AGL, 897 ft AMSL, 31.83982,-96.78446, Determined - No Hazard, submitted 2026-09-04”
    FAA · Sept. 2026 · grade B
  • Petroleum Storage Tank registration: Issued
    “PSP record: NEXUS DATA CENTER TEMPORARY CBP DIESEL TANKS; 95568; Petroleum Storage Tank; ISSUED PERMIT”
    State agency · July 2026 · grade B
  • Construction stormwater general permit (TXR15) coverage: Issued
    “PSP record: NEXUS HUBBARD TRANSMISSION PIPELINE; TXR1531YL; Stormwater; ISSUED PERMIT”
    State agency · June 2026 · grade B
  • Construction stormwater general permit (TXR15) coverage: Issued
    “PSP record: NEXUS DATA CENTER - APEX PROJECT; TXR1546YI; Stormwater; ISSUED PERMIT”
    State agency · May 2026 · grade B
  • Construction stormwater general permit (TXR15) coverage: Issued
    “PSP record: NEXUS HUBBARD PROJECT BATCH PLANT; TXR1584XN; Stormwater; ISSUED PERMIT”
    State agency · March 2026 · grade B
  • Air New Source Review authorization record: Application received - pending
    “PSP record: NEXUS DATA CENTER HUBBARD; HAP91; Air New Source; NEW APPLICATION”
    State agency · Feb. 2026 · grade B
  • Construction stormwater general permit (TXR15) coverage: Issued
    “PSP record: NEXUS DATA CENTER HUBBARD; TXR1588WJ; Stormwater; ISSUED PERMIT”
    State agency · Nov. 2025 · grade B
  • Building registration (not a permit): registration filed
    “Nexus - Apex DFW HB1 is set to span 491,380 sq ft (45,650 sqm). Construction on the $400 million project is set to run from January 2026 to October 2027”
    News report · Oct. 2026 · grade C
  • Building registration (not a permit): registration filed
    “Nexus Apex HB2 is set to span 491,380 sq ft (45,650 sqm). Construction on the $400 million project is set to run from June 2026 to January 2028”
    News report · Oct. 2026 · grade C
  • County land-use action: moratorium rescinded; developer checklist adopted
    “On June 4 the county rescinded the pause and adopted a disclosure checklist instead”
    News report · Oct. 2026 · grade C
  • Groundwater well: well approval reported
    “In response to the water questions, Nexus representatives said that the site will capture rainwater, use treated effluent from Hubbard's wastewater treatment facility and a groundwater well that has been approved by Prairielands Groundwater Conservation District.”
    News report · Oct. 2026 · grade C
  • Reporting indicates the Hill County moratorium never reached the Nexus campus itself: Nexus was already under construction and treated as exempt/vested; the order applied to new projects (Lone Star Left, citing court pro
    “The moratorium didn't even touch Nexus, already under construction, already exempt. It only applied to new projects”
    News report · Oct. 2026 · grade C
  • Hubbard town hall (public meeting hosted by Nexus Data Centers): Campus plan presentation to ~250 residents; CEO Ivan Van der Walt presented. Company statements: City of Hubbard treated effluent up to 100,000 gal/day off
    “Megan Claydon, senior vice president of finance and commercial at Nexus, said during a Hubbard town hall in November”
    News report · Oct. 2026 · grade C
  • Hill County Commissioners Court: Public hearing, then approval of a Chapter 312 reinvestment zone for the Nexus campus (~2,000 acres between Highway 171 and County Road 3369; plan as presented: four 400,000 sq ft data ce
    “The Hill County Commissioners Court held a public hearing before approving a reinvestment zone for a Hubbard area data center project Tuesday, February 10”
    News report · Oct. 2026 · grade C
  • Hill County Commissioners Court: Residents voiced concerns about the Nexus tax abatement negotiations: lack of transparency (Linda Polley); water use during drought and county-wide precedent (Amy Teal, who argued the com
    “The Hill County Commissioners Court met in regular session Tuesday, February 24 and heard from concerned residents as tax abatement negotiations continue”
    News report · Oct. 2026 · grade C
  • Hill County Commissioners Court: Moratorium rescinded and replaced with a data-center development-review checklist, after RCM Hill LLC (a different Hill County developer) sued the county for $100M on May 27, 2026; RCM Hi
    “On June 4 the county rescinded the pause and adopted a disclosure checklist instead”
    News report · Oct. 2026 · grade C
  • Air New Source Review / PSD permits: Notice of Application and Preliminary Decision mailed Sept. 22, 2026; published Sept. 24, 2026; not issued
    “The notices concern VoltaGrid's ABI-1 plant serving Vantage's data center campus in Shackelford County, Nexus's self-powered data center in Hubbard”
    News report · Sept. 2026 · grade C
  • air permit (TX NSR / PSD PSDTX1700 / GHG PSD GHGPSDTX269): preliminary decision (NAPD mailed)
    “The notices concern VoltaGrid's ABI-1 plant serving Vantage's data center campus in Shackelford County, Nexus's self-powered data center in Hubbard, and NRG Prairie Energy Center in Hill County.”
    News report · Sept. 2026 · grade C
Legal (3)
  • Latitude: 31.833893
    “TCEQ courtesy location mapper in the NORI: marker -96.773149, 31.833893.”
    State agency · Oct. 2026 · grade A
  • Longitude: -96.773149
    “TCEQ courtesy location mapper in the NORI: marker -96.773149, 31.833893.”
    State agency · Oct. 2026 · grade A
  • Scale of local opposition: ~50 named residents plus three online speakers addressed the May 12, 2026 Commissioners Court open forum against data centers in Hill County (official minutes).
    “the following people came forward and spoke with concerns regarding their opposition to the Data Centers”
    Local government · Oct. 2026 · grade A
Site and other (14)
  • Name: Nexus Hubbard (Nexus Apex DFW)
    “The Nexus Data Center Hubbard (RN112221833) will manage data and process high computational loads at 880 State Highway 171”
    State agency · Oct. 2026 · grade A
  • Status verdict: under construction, site preparation and early works underway; no building vertical construction independently verified
    “To reduce traffic on 171, rock trucks are using FM 3369 for in and out entry”
    Local government · Oct. 2026 · grade A
  • City: Hubbard
    “880 State Highway 171, Hubbard, Hill County”
    State agency · Oct. 2026 · grade A
  • County: Hill County
    “880 State Highway 171, Hubbard, Hill County”
    State agency · Oct. 2026 · grade A
  • State: TX
    “880 State Highway 171, Hubbard, Hill County, Texas 76648”
    State agency · Oct. 2026 · grade A
  • Site coordinates agency: 31.833893, -96.773149
    “TCEQ LocationMapper marker in the NORI: marker=-96.773149,31.833893 (site general location; exact location per the application)”
    State agency · Feb. 2026 · grade A
  • Nsr application emissions tons a year: NOx 1550; CO 2305; PM 1298; VOC 509; SO2 264; H2SO4 40 (proposed totals, all facilities, NSR 183046)
    “Below is the total amount for each pollutant that is proposed to be emitted each year for all the facilities.”
    State agency · Feb. 2026 · grade A
  • Site address: 357 HCR 3372, Hubbard, TX (both TDLR-registered buildings HB1 and HB2)
    “HB1 and HB2 carry the identical site address 357 HCR 3372, Hubbard, Hill County”
    grade B
  • Developer: Nexus Data Centers (Nexus Data Centers, LLC)
    “Nexus Data Centers, LLC (Nexus) is pleased to announce the closing of a large strategic equity investment from Transition Equity Partners, LLC”
    Company · Oct. 2026 · grade B
  • Equity sponsor: Transition Equity Partners, LLC
    “the closing of a large strategic equity investment from Transition Equity Partners, LLC (TEP)”
    Company · Oct. 2026 · grade B
  • Building address: 357 HCR 3372, Hubbard, TX
    “filed with the Texas Department of Licensing and Regulation to develop a data center at 357 HCR 3372 in Hubbard in Hill County”
    News report · grade C
  • Site preparation has been underway at the campus site since November 2025 (The Lakelander, Feb 19, 2026), predates the TDLR building registrations and matches the sponsor's statement that construction commenced in 2025.
    “Site preparation has been underway at the data center site since November”
    News report · Oct. 2026 · grade C
  • Announced: Dec. 2025
    “Plans for the data center were revealed last month, with Nexus holding a public meeting to explain the scheme to Hubbard residents”
    News report · Dec. 2025 · grade C
  • Site acres: 2000 acres
    “Nexus is developing in partnership with Poisson Aviation Capital, which acquired around 2,000 acres of land in Hubbard”
    News report · Dec. 2025 · grade C

Imagery and records: County deeds: ATTOM.