Stack has announced its involvement in a large data center project in New Mexico.

The Blue Owl-backed company this week announced its role in Project Jupiter, a proposed data center campus in Doña Ana County.

Stack is collaborating with BorderPlex Digital Assets, with the two companies aiming to invest up to $165 billion over the entire project. Stack hasn’t detailed its exact role in the project.

“At Stack, our responsible development principles are the foundation for every project we pursue,” said Brian Cox, CEO of Stack Americas and EMEA. “With Project Jupiter, our responsibility is clear: to earn the trust of the community by building in a way that is transparent, accountable, and aligned with local priorities.”

New Mexico Governor Michelle Lujan Grisham announced a partnership with BorderPlex in February, outlining plans for a data center campus in Santa Teresa. At the time, Borderplex said it projected $5bn in construction spending in the next decade, including $1.5bn per year in IT equipment purchases and $230 million per year in manufacturing equipment.

According to local press, the site will be located near Pete Domenici Highway and New Mexico Highway 136, outside Sunland Park – on the US border with Mexico. Up to four buildings are planned in the first phase – though full details haven’t been shared. Operations are reportedly expected to begin before the end of 2026.

The companies said Project Jupiter will be bringing its own power, including a dedicated, on-site microgrid to power the campus independently from the grid. This will reportedly include on-site power generation and a battery energy storage system. The companies have said the site will use a closed-loop cooling system, which require less water than evaporative cooling technologies.

El Paso Electric is reportedly involved in the project, as is Orion Digital Infrastructure.

The Doña Ana County board of supervisors this week preliminarily approved a $165bn bond to Yucca Growth Infrastructure, LLC for the development, and also approved project ordinance. Red Chiles A, B, C, and D, LLCs, as well as Green Chile Ventures LLC, are also affiliates named in the bond agreement. The board will take a final vote in September.

During county meetings, local residents have voiced opposition to the project over potential water use.

BorderPlex Digital Assets says it is planning “Growth Infrastructure Campuses” that combine power, water, land, industrial cooling, fiber, and compute in a single location. The company hasn’t detailed plans for any other projects yet.

“Growth infrastructure isn’t just about powering tomorrow’s technology – it’s about putting communities first,” said Lanham Napier, chairman of BorderPlex Digital Assets.

“This project is deeply personal to me. For years, I’ve dreamed of improving lives by creating real economic opportunity in the border region. What excites me most is that we’re doing this the right way: creating permanent jobs for local residents, renewing investment in critical infrastructure, and laying the foundation for clean water access in the community. We’re proud to work with partners who share our vision for building infrastructure to drive economic growth and help realize the promise of Doña Ana County through responsible, community-first development.”

Napier was previously CEO of Rackspace from 2000 to 2014. He previously founded software investment company BuildGroup.

“We’re excited for the major impact this historic opportunity will have in helping our economy grow. As we continue conversations with the community, our focus remains on ensuring this investment builds a strong and sustainable future for the next generations of Doña Ana County,” said Scott Andrews, Doña Ana County manager.

New Mexico doesn’t have a major data center market. Most of the state’s facilities are clustered around Albuquerque, its largest city.

Operators in Albuquerque include H5, Windstream, UPN, and Centersquare, with Meta operating a campus in the area. Oppidan is developing a facility in Albuquerque.

US energy infrastructure developer Zenith Volts recently obtained approval for a data center project in Roswell. The Los Alamos National Lab, home to several supercomputers, is also located in the state, known as “The Land of Enchantment.”