Iowa Data Centers
Live tracking of every data center project in Iowa — operational, under construction, announced, and permitted — with developer, tenant, capacity, and supply-chain links.
- Operating: 35
- Under construction: 28
- Announced: 90
- Operating capacity: 3.7 GW
- Pipeline capacity: 228 MW
- Grid: MISO
Iowa is one of the most active data center markets in the United States — 35 facilities are already operating, with 28 more under construction and 90 announced. That pipeline represents 228 MW of new capacity. The grid here is operated by MISO, which sets the interconnection queue and capacity payments. Below: every tracked project in Iowa, ranked by build status; followed by the public companies whose data-center revenue is most exposed to this market.
Tracked data center projects in Iowa
- Microsoft Project Osmium — 228 MW, Cumming · operational · developer: Microsoft · tenant: OpenAI · ~$8.7B
- Google Council Bluffs (East) — 284 MW, Council Bluffs · operational · developer: Google · tenant: Google DeepMind · ~$6.0B
- QTS Cedar Rapids — 1.6 GW, Fairfax · operational
- Google Cedar Rapids — 627 MW, IA 52404 · operational · developer: Google · tenant: Google DeepMind
- Gemini Cluster (Iowa) — 1.0 GW, Council Bluffs · operational · developer: Google
Public companies exposed to Iowa
These public companies have tracked data-center projects in Iowa as developers, tenants, or operators. Use the watchlist to track them as a basket, or click through for capex history and supplier exposure.
- Alphabet (GOOGL) — hyperscaler · 3 projects in Iowa
- SK Hynix (000660.KS) — chip fab · 1 project in Iowa
- Cummins (CMI) — power equipment · 1 project in Iowa
- Jacobs Solutions (J) — construction · 1 project in Iowa
- Lumentum Holdings (LITE) — networking · 1 project in Iowa
- Microsoft (MSFT) — hyperscaler · 1 project in Iowa
- Micron Technology (MU) — chip fab · 1 project in Iowa
- nVent Electric (NVT) — power equipment · 1 project in Iowa
- OpenAI (OPENAI) — ai lab · 1 project in Iowa