BluSky AI: Mulhall, Oklahoma

The modular data center operator, BluSky AI, has secured land for its seventh data center project, a new facility located in Mulhall, Oklahoma. This location, situated north of Oklahoma City, is strategically advantageous as it lies near one of the state's most concentrated data center clusters. The company has leased five acres of land for a 10-year period, with the agreement including options for two subsequent five-year extensions, providing long-term stability for the expansion.

The financial structure of this lease is based on a flexible, usage-linked payment model. BluSky AI will pay an initial base rent of $4,000 per month. Crucially, the rent includes an additional capacity charge of $2,500 per megawatt (MW) per month for the power installed at the site. To incentivize further expansion and scalability, any extra power capacity secured beyond the initial threshold will be charged at a significantly cheaper rate of only $1,000 per MW per month.