A data center project scales from 5 MW to 50 MW across three phases, targeting hyperscale tenants like Microsoft. Revenue grows from $540k in year 1 to $93M by year 6, with a projected $1.2B valuation at full capacity.
Today in the Deal Room. It comes at that point, it'll be worth almost $1.2 billion based on how we're going to structure everything out. The actual building is this one right here, this box right in the front, and everything else is conceptual. We kind of built out around it so that we could, you know, give the visual of what we're doing there. The power node up here in the front is actual, but I'm showing in the construction pictures that we're going to blow out that power node because right now the power node has 50 megawatt running to it, but it doesn't onto the building. That's what we mean by stand-off. So you got a 200,000 square foot block building in the back and then two 50,000 square foot buildings there. The 5 independent streams at stabilization means that what we're going to end up with at 6 years is about, probably about a gross revenue of $93 million, or otherwise known as $64 million NOI, because we got about a 30% usage overhead. So, but this, this starts day one at $540,000, and in 6 years we'll be at, we'll be at $64 million. We're taking the 5 megawatts and upgrading the facility with it. Then it'll come in to where we get 25 megawatts. And what we're going to be doing is constructing the fourth. That's the redundancy scale where we'll be at 50 megawatts in phase 3, and we'll be able to do hyperscale and get into those bigger projects with Microsoft and stuff like that. We'll have campus stability in 12 months, and at 36 months it'll be our reinvest milestone because we can actually go and get the appraisal done at that point at year 3 for about probably close to $500 million. No, because I'll show you on the next slide how it becomes— at that point, it, it'll be worth almost $1.2 billion based on how we're going to structure everything out.
