DartPoints Acquires Lexington Data Center Campus

Why It Matters

The Lexington campus gives DartPoints a rare power‑rich location to meet growing AI and hyperscale demand, expanding its footprint beyond the Southeast and strengthening its competitive position.

Key Takeaways

• Lexington site offers up to 200 kW per rack density
• Initial phase targets 20–30 MW, expandable to 70 MW
• DartPoints serves 900+ enterprises across 11 data centers
• Nova Infrastructure and Orion Capital back the expansion

Pulse Analysis

Lexington, Kentucky, has emerged as a strategic sweet spot for data‑center operators seeking abundant power and low‑cost electricity. DartPoints’ acquisition of the 29.5‑acre former IBM/Lexmark campus taps into a region where the grid can sustain high‑density compute, making it ideal for AI training clusters and hyperscale workloads. By installing closed‑loop air cooling alongside direct‑to‑chip liquid cooling, the company positions the site to deliver up to 200 kW per rack—far exceeding the power envelope of many legacy facilities in the Midwest.

The broader market reflects a tightening supply of sites capable of supporting 20 MW‑plus footprints. As cloud providers and enterprises accelerate AI initiatives, demand for power‑intensive, low‑latency locations outpaces new construction. Lexington’s limited data‑center inventory—only four small operators previously—means DartPoints can capture a sizable share of regional demand while offering customers a path to 70 MW scalability. The combination of on‑site substations, aggressive power density, and advanced cooling technologies also reduces the need for costly retrofits, giving the operator a cost advantage over competitors scrambling to upgrade older campuses.

Financial backing from Nova Infrastructure and Orion Infrastructure Capital underscores confidence in the project’s long‑term profitability. The investors see the Lexington campus as a catalyst for expanding DartPoints’ geographic reach beyond its traditional Southeast stronghold, potentially attracting Fortune 500 customers seeking diversified, resilient infrastructure. For the local economy, the development promises construction jobs, ongoing technical staffing, and ancillary services, reinforcing Kentucky’s appeal as a data‑center hub in the evolving AI‑driven digital landscape.

Deal Summary

US colocation provider DartPoints announced this week that it has acquired a 29.5‑acre data center campus in Lexington, Kentucky, expanding its footprint to support AI and hyperscale workloads. The 343,000‑sq‑ft facility will be redeveloped for high‑density compute with up to 30 MW in the initial phase and potential expansion to 70 MW. Deal terms were not disclosed.