TECfusions, a growing provider of advanced data center solutions, announced that it secured over $300 million to develop and expand its Clarksville, Virginia, site. This milestone demonstrates the company’s innovative approach to data center development and ability to turn demand into tangible results.
In response to urgent capacity needs from a key tenant, gradual funding started in January 2024 and has now been solidified in a formal loan agreement, which includes the cumulative monies invested earlier. So far, $160 million has been allocated towards construction, with the remaining funds earmarked for completing Phase I of the Clarksville facility.
The Clarksville data center is TECfusions’ flagship facility, designed to meet the rapidly increasing demands of AI workloads with high-density compute power and one of the world’s largest GPU deployments. This phased build-out—projected to achieve 37.5 megawatts (MW) upon the completion of Hall D construction—has met an impressive development timeline, resulting in significant expansion of essential infrastructure. This adaptive reuse model TECfusions employs accelerates site readiness, maximizing speed to market by converting existing facilities into state-of-the-art data centers.
This formalized loan agreement spans a fifteen-year term, solidifying TECfusions’ delivery commitments to meet Clarksville’s ambitious growth targets with continued build-outs. And this funding represents a major step forward in TECfusions’ strategy to build each project as an independently financed entity, ensuring financial sustainability across its entire portfolio.
The funds will be strategically allocated across several key initiatives, such as AI-ready infrastructure deployment, on-site sustainable power generation solutions, and site infrastructure development. And this funding is expected to have a significant positive impact on the local community, creating numerous jobs in construction and operations while substantially expanding the region’s digital infrastructure and tax base.
KEY QUOTES:
“Funding from our dedicated investor will enable TECfusions to accelerate the buildout of our Clarksville site with scalable capacity. Our Clarksville data center hosts one of the largest GPU clusters in the world, and we are proud to accelerate deployments for tenant commitments that sit the forefront of AI-ready infrastructure.”
– Simon Tusha, Founder and CTO of TECfusions
“This agreement fully funds our Clarksville Phase I buildout and aligns perfectly with our long-term growth strategy, demonstrating the economic vitality of our approach and opening the doors for future expansion projects. With tenants that require immediate, scalable data center capacity, this funding enables us to meet that demand efficiently to ensure rapid deployment of capacity for today’s digital world.”
– Mike Picchi, CFO of TECfusions
