Related Digital Breaks Ground on 302 MW Data Center Campus in Cheyenne, Wyoming
Initial 184,000 SF building, anchored by CoreWeave as first tenant, will provide 88 MWs of critical IT capacity
Cheyenne, WY—October 7, 2025-- Related Digital, a vertically integrated data center development and investment platform, was joined today by Wyoming Governor Mark Gordon, Cheyenne Mayor Patrick Collins, CoreWeave, Clayco, Black Hills Energy, other development partners and local officials at the groundbreaking of a new $1.2 billion state-of-the-art data center that marks the first phase of a 115-acre campus in the Cheyenne Business Parkway with up to 302 MWs of critical IT capacity. CoreWeave will be the anchor tenant through a long-term lease for 88 MWs of critical IT capacity. Recognized as the essential AI cloud across industries, CoreWeave provides high-performance compute purpose-built for training, inference, and other AI workloads. The first data center building will occupy 184,000 SF on 36 acres and is expected to be completed late 2026.
Phase I of the development is expected to generate over $250 million in tax revenue to the State of Wyoming and City of Cheyenne in its first 15 years of operations and create over 700 construction jobs and 40 well-paying, permanent jobs. To preserve Wyoming’s precious water resources, Related Digital’s Cheyenne project will use high-efficiency air-cooled chillers, and the project will require only nominal water consumption, primarily for domestic use.
“Welcome to Wyoming Related Digital! Today’s groundbreaking gives us the opportunity to celebrate our Cowboy State pro-business culture and extend warm regards to Related Digital,” Governor Gordon said. “Companies that bring jobs, invest in our communities, and use innovation offer smart growth opportunities and will always have a home here in Wyoming. Related’s high-efficiency, air-cooled technology is remarkable — using only nominal water primarily for domestic use — avoids putting strain on our precious water resources.”
“The exponential growth of data centers is providing a powerful new economic engine to states like Wyoming, who are helping lead the way in keeping America competitive in the global AI race,” said Jeff T. Blau, CEO of Related Companies. "I want to thank Governor Gordon, Mayor Collins, Clayco and of course our partner CoreWeave for coming together to begin development of this site, which will create meaningful tax benefits for the city and state, bring hundreds of new construction jobs, support Cheyenne’s small businesses and create the digital infrastructure our country needs."
“We’re delighted Related Digital has chosen Cheyenne as the location for their new data center and I’m happy to welcome them to our city,” Mayor Patrick Collins said. “I appreciate the collaboration between Related Digital and our local partners as we plan for the future. Cheyenne is a great place for businesses to locate and this project will provide benefits to our community for years to come.”
“Cloud computing has become the backbone of modern technology and the foundation for the future of innovation. This project in Cheyenne reflects CoreWeave’s commitment to sharing our essential AI cloud with many more businesses, and to doing so responsibly with sustainability and long-term community investment in mind,” said Sachin Jain, Chief Operating Officer, CoreWeave. “We are proud to partner with the State of Wyoming, the City of Cheyenne, and Related Digital to create lasting economic opportunity while powering the next generation of AI innovation.”
Betsey Hale, CEO of Cheyenne LEADS said, “As the community’s economic development organization, we welcome this new data center to Cheyenne. We are proud to support projects that bring investment, innovation, and opportunity to our region."
Clayco will serve as construction manager and Black Hills Energy will serve as the electric service provider for the initial phase.
“Clayco is proud to partner with Related Digital and CoreWeave while extending our longstanding relationship with the Cheyenne community,” said Ryan McGuire, President of Construction, Clayco. “Together, we’re delivering this campus with the speed and reliability needed to power the AI economy and create lasting benefits for the region.”
"We are pleased to partner with Related Digital to enable this data center project and continue to support ongoing economic development in Wyoming," said Linn Evans, president and CEO of Black Hills Corp. "This is another example of our flexible and innovative approach to serving customers with unique energy solutions that meet their needs. Black Hills’ regulated large power contract service tariff enables us to serve large-load data center customers in Wyoming with no cost impact to our local retail customers."
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About Related Digital
Founded by Related Companies, one of the most prominent, privately-owned real estate development firms in the United States, Related Digital is a leading vertically integrated data center development and investment platform. Related Digital combines Related Companies’ 50-year+ history of executing complex real estate and infrastructure projects with its track record developing large-scale clean energy solutions through its affiliated transmission line development and renewable energy business, energyRe. With a $45 Billion development pipeline of more than 5 gigawatts (GW) of near-term power across the United States and Canada, Related Digital has the execution capabilities, depth of expertise and national scale to bring differentiated solutions to global hyperscalers. For more information, please visit www.related-digital.com.
About CoreWeave
CoreWeave, the AI Hyperscaler™, delivers a cloud platform of cutting-edge software powering the next wave of AI. The company's technology provides enterprises and leading AI labs with cloud solutions for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers across the US and Europe. CoreWeave was ranked as one of the TIME100 most influential companies and featured on Forbes Cloud 100 ranking in 2024. Learn more at www.coreweave.com.
About Clayco
Clayco is a full-service, turnkey real estate development, master planning, architecture, engineering, and construction firm that safely and sustainably delivers the highest quality solutions to clients across North America on time, on budget, and above and beyond expectations. With $7.6 billion in revenue for 2024, Clayco specializes in the “art and science of building,” providing fast track, efficient solutions for industrial, commercial, institutional and residential-related building projects. For more information, visit www.claycorp.com.
About Black Hills Corporation
Black Hills Corp. (NYSE: BKH) is a customer-focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.35 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Several of Black Hills Corp.’s subsidiaries do business as Black Hills Energy. As this trade name is the commonly recognized name by many of our customers and shareholders, Black Hills Energy and Black Hills Corp. are used interchangeably throughout this press release for ease of reference. More information is available at www.blackhillscorp.com.