O’Leary Plans $70 Billion AI Data Center in Alberta

Canadian investor Kevin O’Leary has announced plans to build what he calls the world’s largest artificial intelligence data center in northwest Alberta, with a projected investment of $70 billion over multiple phases.

The Wonder Valley project, to be constructed in the Municipal District of Greenview’s heavy eco-industrial district south and east of Grande Prairie, will begin with a $2.8 billion first phase generating 1.4 gigawatts of power, with plans to add one gigawatt annually in subsequent phases.

This is “the most compelling site in all North America to generate and offer 7.5 GW of low-cost power to hyperscalers over the next five-10 years,” O’Leary said, citing the region’s access to natural gas, pipeline infrastructure, water, and fiber optic networks.

O’Leary Ventures has signed a letter of intent with the Greenview Industrial Gateway to purchase and develop thousands of acres for the hyperscale data center. These facilities differ from traditional data centers by their ability to dynamically scale operations across multiple machines to process high volumes of data.

“We will engineer and build a redundant power solution that meets the modern AI compute reliability standards,” O’Leary said.

“This is more than just an investment in land; it’s an investment in the future of innovation and economic expansion for Canada,” said Tyler Olsen, reeve of the Municipal District of Greenview, highlighting the project’s potential benefits for local communities.

The project aims to establish Alberta’s position in the emerging AI infrastructure industry. “Beyond jobs and financial benefits, this venture promises to establish Alberta and Canada as world leaders and as a center of excellence in this emerging industry,” O’Leary Ventures stated in a news release.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

SSR Mining Q1 Earnings: Costs Continue To Climb

Recommended

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

PTX Metals Hits 235.1 Metres Of Copper, Nickel Mineralization In Longest Intercept To Date At W2

Related News

Kevin O’Leary Joins Frank McCourt’s TikTok Bid As Nationwide Ban Deadline Looms

Canadian entrepreneur Kevin O’Leary has announced a reported partnership with real estate magnate Frank McCourt...

Tuesday, January 7, 2025, 10:37:00 AM

Kevin O’Leary Received $15 MILLION for Being a FTX Spokesperson

Shark Tank judge and crypto connoisseur Kevin O’Leary was paid a whooping $15 million to...

Thursday, December 8, 2022, 02:46:19 PM

Kevin O’Leary Pledges To Invest In A New $14-Billion Oil Refinery

Kevin O’Leary wants to lower US gas costs, and he plans to accomplish this by...

Thursday, April 13, 2023, 10:17:00 AM

Kevin O’Leary and Grant Cardone Opt Out Of New York After Donald Trump’s $355 Million Fraud Verdict

Former FTX spokesperson and “Shark Tank” investor Kevin O’Leary has a lot of feelings about...

Thursday, February 22, 2024, 11:01:00 AM

Kevin O’Leary Attempts to Claim Taylor Swift Didn’t Accept FTX Deal Only Because the Exchange Blew Up

Former FTX spokesperson and investor Kevin O’Leary is trying to rope singer-songwriter Taylor Swift into...

Monday, May 1, 2023, 07:35:23 AM