#United States #Abilene, Texas #Lancium #Clean Campus #Stargate Initiative

Lancium's Milestone in Clean Energy Financing

Lancium, a trailblazer in energy technology and infrastructure, proudly announces the successful closure of a significant $600 million debt financing. This funding is aimed at propelling its ambitious clean campus development efforts, with the inaugural site being a 1.2 gigawatt facility located in Abilene, Texas. This project marks the starting point of the Stargate initiative, a groundbreaking framework that integrates a multi-stakeholder AI infrastructure program supported by industry heavyweights such as SoftBank, OpenAI, Oracle, and MGX.

Significance of the Financing

The financing package was skillfully organized by Santander, which served as the debt financial advisor, sole structuring bank, and administrative agent for this initiative. Cantor Fitzgerald also played a pivotal role as the sole strategic advisor to Lancium throughout this process.

Michael McNamara, CEO and Co-Founder of Lancium, expressed his enthusiasm about this milestone. He stated, "This financing not only validates the strength of our platform and assets, but it also creates a scalable foundation for expanding digital infrastructure in Texas and beyond. Our Clean Campus in Abilene signifies the future of computing, specifically tailored for AI and hyperscale workloads, designed to benefit both our partners and the communities we serve."

The financing will fortify Abilene as the first Stargate site while also allowing for fund flexibility to explore other projects within Lancium's diverse portfolio.

Future Impact and Vision

Nuno Andrade from Santander remarked, "As AI continues to reshape the global economy, the intersection of massive computing demand and sustainable power solutions will be critical. Lancium finds itself at the forefront of this juncture, and this transaction underscores Santander's capability to offer scalable and intricately structured financial solutions within the digital domain."

Cantor Fitzgerald's Hari Chandra noted, "Lancium is at the cutting edge of the clean energy and digital infrastructure transition. We are delighted to support this transaction, which strategically positions Lancium to lead the Stargate initiative while laying the groundwork for sustainable growth."

Lancium aims to play a crucial role in decarbonizing and stabilizing the electric grid by integrating large-scale digital infrastructure. With its clean campuses, the company is set to host some of the world’s most demanding computing workloads, catering to industries that rely heavily on advanced AI and cloud solutions.

About Lancium

Lancium is recognized for its dedication to advancing clean energy solutions and interconnected infrastructures. It not only champions the decarbonization of the electric grid but also designs clean campuses that meet the demanding requirements of modern computing. Through innovative approaches and strategic partnerships, Lancium is forging the path toward a sustainable energy future.

Lancium's new facilities are expected to empower advanced technologies while supporting local communities through job creation and infrastructure enhancement.

Conclusion

The successful acquisition of $600 million in debt financing marks a transformative step for Lancium, allowing for the launch of its first Clean Campus in Abilene. This move reaffirms the company's commitment to sustainable energy and sets the stage for further advancements in the world of AI and cloud computing, helping to pave the way for the future of digital infrastructure in the United States and beyond.