TECfusions has secured over $300 million to be used for the development and expansion of its Virginia site.

The company announced the 15-year loan this week, which will be used to develop its Clarksville site.

In response to “urgent capacity needs” from a key tenant, gradual funding began in January 2024 and has now been solidified in a formal loan agreement, which includes the cumulative monies invested earlier.

To date, $160 million has been allocated towards construction, with the remaining funds earmarked for completing Phase I of the Clarksville facility. The phased build-out is projected to take the site to 37.5MW upon the completion of Hall D construction.

“Funding from our dedicated investor will enable TECfusions to accelerate the buildout of our Clarksville site with scalable capacity,” said Simon Tusha, founder and CTO of TECfusions. “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 [at] the forefront of AI-ready infrastructure.”

Founded in 2023 and led by former QTS CTO Simon Tusha, TECfusions specializes in designing, building, and managing data centers for AI and HPC workloads.

The company acquired the Clarksville site, located on Burlington Drive, with 500kW of capacity already live. It has been building out capacity since last year, taking it to 6MW by December 2023 and 24MW by June 2024. The third data hall – dubbed C-Hall and completed in September – contributed another 10.5MW. The site reportedly has 80MW of capacity available, expandable to 220MW. The company has also filed to expand the Clarksville campus further.

The company also has a site in Tucson, Arizona, and another in Pennsylvania.

GPU cloud firm TensorWave is a major customer for the company, having recently signed a 1GW hosting deal.