Yahoo Finance·2025-12-22 15:28Core Insights - An energy infrastructure provider is advancing a multibillion-dollar data center project in West Feliciana Parish, Louisiana, indicating a significant investment in the region's infrastructure [1] Group 1: Project Overview - Hut 8 is initiating the first phase of its River Bend data center campus, valued at approximately $10 billion, with operations expected to commence in Q2 2027 [2] - The project will be managed by Dallas-based Jacobs, in partnership with Vertiv, with J.P. Morgan and Goldman Sachs underwriting project-level financing covering up to 85% of total costs [3] Group 2: Capacity and Scale - Hut 8 has secured an initial 330 megawatts of utility capacity from Entergy Louisiana, with the potential to expand by an additional 1,000 megawatts, positioning the project among the largest data center campuses globally [5] - The Hut 8 project contributes to a growing pipeline of hyperscale data center construction in Louisiana, following a similar $10 billion project by Meta in Richland Parish [6] Group 3: Economic Impact - At peak construction, Hut 8 anticipates employing about 1,000 construction workers on-site, reflecting the project's significant economic impact on the local labor market [7] - Louisiana's Governor Jeff Landry highlighted the state's success in attracting large-scale projects, emphasizing Hut 8's investment as part of a broader trend in future industries [7] Group 4: Company Growth - Jacobs' involvement in the Hut 8 project adds to its expanding data center portfolio, which has reportedly increased fivefold during the latest fiscal fourth quarter [4]