Compass Datacenters is to develop a new $10 billion data center campus in Mississippi.
As announced by Mississippi Governor Tate Reeves this week, the company will develop a site in Meridian, Lauderdale County.
The 500MW campus will consist of eight data centers constructed over an eight-year period. Further details were not shared.
Update: Compass reached out to clarify the $10 billion figure was the total investment value of the campus, including IT equipment by customers, rather than the company's individual investment figure.
“We are looking forward to building our next campus in Meridian. We appreciate the time and effort Mississippi Development Authority, East Mississippi Business Development Corporation, and Mississippi Power have invested with us to bring this project to fruition and look forward to bringing good-paying jobs and economic benefits to the region for decades to come,” said AJ Byers, president and chief development officer, Compass Datacenters.
Compass has 16 data center sites it developing or operating across the US, Europe, and Israel. The company is currently planning an 11.55 million sq ft campus in Prince William County, Virginia. Compass was acquired by Brookfield and Ontario Teachers Pension Plan in June 2023 for ~$5.5bn from RedBird Capital Partners and the Azrieli Group.
Power to the new campus will be supplied through Mississippi Power.
“Mississippi Power has been an integral part of the economic development effort to bring more jobs and industries to our state for nearly a century. Mississippi Power has the generating power to support a growing Mississippi while maintaining reliable service for our customers. Our company is proud to be a part of the strategic team that delivered this significant investment to East Mississippi,” added Mississippi Power president and CEO Anthony Wilson.
Mississippi Development Authority will provide the company with 10-year state income and franchise tax exemptions, as well as a sales and use tax exemption on construction materials, equipment, and software and hardware replacements.
“This $10 billion megadeal is huge for Lauderdale County and the entire state as we continue an impressive economic development streak that is unprecedented in Mississippi,” said Gov. Reeves. “I thank the Compass Datacenters team for its well-placed confidence in our people and in our business climate, which will provide ample opportunities for the company and the residents of Meridian and Lauderdale County now and for generations to come.”
Mississippi isn't known for its data center market, but last year saw Amazon confirmed as planning a $10 billion campus outside Jackson.