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Getting power fast enough to run artificial intelligence workloads has pushed one infrastructure company to buy its own gas field.
Alpha Compute signed a binding term sheet, a preliminary agreement that commits both sides to deal terms before final contracts are executed, to acquire land and natural gas rights in northern Pennsylvania for $55 million.
The plan is a 200-megawatt data center campus that would generate its own electricity on site, with operations targeted to begin in the third quarter of 2027.
On-site power and what it solves Utilities across the United States cannot connect large AI facilities to the grid quickly enough to meet demand.
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