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Alpha Compute to buy Pennsylvania land and gas rights for $55 million
The deal targets a 200-megawatt data center campus that could begin operating in the third quarter of 2027.
AI infrastructure company Alpha Compute has signed a binding term sheet to acquire land and natural gas rights in Pennsylvania for $55 million, aiming to build a 200-megawatt data center campus, CEO Brittany Kaiser said in an interview with Reuters.
Reuters reports that the project would pair data center development with natural gas production and on site electricity generation, reflecting efforts to secure dedicated power as demand for AI computing drives competition for grid capacity.
Alpha Compute expects the northern Pennsylvania site to begin operating in the third quarter of 2027, and Kaiser said it could eventually be expanded to generate one gigawatt of power.
The agreement includes undeveloped Marcellus gas rights covering about 1,800 mineral acres, with an exclusive option to acquire the assets subject to due diligence, financing, permitting, and final agreements, Kaiser said, adding the company expects to close after a 60-day diligence period.
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