The AI building boom this week came down to three questions: where the next data centres go, who lends the money, and how much electricity they will use. Here is what was announced, and how firm each piece is.
- CoreWeave plans 240 MW of capacity in Navi Mumbai, its first move into India (company release) [1].
- Bell Canada could take its Regina-area AI campus to 1.2 GW, much of it on its own gas power (reported by CBC from rezoning filings) [2].
- Applied Digital reported a quarter of fast growth, heavy losses and $6.4 billion of debt (company release) [3].
- The bond behind Meta’s Louisiana data centre fell to a record low (reported), and Entergy’s chief executive disclosed the site’s expected power draw: 4,500 MW (reported) [4][5].
- AMD is reportedly planning chip supply up to five years ahead (reported) [6].
Nothing here is investment advice.
Where is CoreWeave building?
CoreWeave, which rents out AI computing, said on 7 October it will take 240 MW of capacity across three 80 MW buildings at AdaniConneX’s Taloja campus in Navi Mumbai [1]. AdaniConneX is a 50:50 joint venture between Adani Enterprises and EdgeConneX [1]. CoreWeave will be the only tenant, running NVIDIA’s Vera Rubin platform, and has the option to add up to another 240 MW on the campus [1].
The first phase is expected in mid-2028, with the rest in stages [1]. The buildings are being designed for liquid cooling and a chilled-water system that does not rely on evaporation [1]. CoreWeave also plans an Indian office and local hiring. It gave no investment figure [1].
How big could Bell’s Regina campus get?
According to documents filed with the Rural Municipality of Sherwood, reported by CBC, Bell Canada has conditional agreements to buy about 895 more acres around its AI data centre south of Regina, Saskatchewan [2]. The expansion would allow up to nine more buildings, adding up to 730 MW to the six data halls already approved (470 MW), for a campus total of 1.2 GW [2]. CBC puts the development at an estimated $52 billion, which it calls the largest private capital investment in Saskatchewan’s history [2].
Power is split. Bell and the province have confirmed that SaskPower, the provincial utility, will supply the first 300 MW. Bell will provide the other 900 MW by building its own gas-fired generation at a separate site further from Regina [2]. Two of the first six halls are due online in the first half of 2027 [2].
The municipality approved the rezoning at a special online meeting on 7 October, where members of the public could not comment; protesters had disrupted earlier meetings [2]. Landowners in line to sell include a former reeve and the current deputy reeve, who recused himself [2]. The reeve says public consultation and talks with First Nations will follow [2].
What did Applied Digital report?
Applied Digital, which builds data centres for AI customers in North Dakota and elsewhere, reported its quarter to 31 August on 7 October [3]:
- Revenue: $341.9 million, up 322% on a year earlier.
- Net loss to common shareholders: $221.0 million.
- Leases: about 1.41 GW of capacity across five campuses, worth about $36 billion over their initial terms, or about $86 billion if every renewal option is used.
- Debt: $6.4 billion, against $3.7 billion in cash.
Its Polaris Forge 1 campus reached 250 MW of live capacity on 1 October [3]. It has also signed for up to about 1 GW of potential power capacity in Finland, its first step outside the US, and agreed to buy power from a planned 1,200 MW gas plant in North Dakota being developed by Base Electron, in which it holds about 10% [3].
Chief executive Wes Cummins was frank about the politics: “we view every new restriction elsewhere as making what we already own harder to replicate” [3].
What is happening with Meta’s Louisiana financing?
The bond sold to fund Meta’s Hyperion data centre in Louisiana, one of the world’s largest private project-finance bonds, has fallen to a record low of about 91 cents on the dollar, Seeking Alpha reports (reported) [4]. It points to pressure on long-dated debt and a wave of new data-centre debt competing for buyers [4]. Seeking Alpha’s summary describes the structure as keeping about $27.3 billion of debt off Meta’s balance sheet, and notes a mismatch between a bond maturing in 2049 and a much shorter Meta lease [4]. TSN could read only the opening of the article, which is behind a paywall.
A falling bond price means investors are demanding a higher return to hold the debt. It does not, on its own, mean the project is in trouble.
How much power will Meta’s site use?
During testimony on 6 October, Entergy Louisiana chief executive Phillip May disclosed that Meta’s Richland Parish data centre is expected to draw 4,500 MW, according to The Center Square (reported) [5]. That is about four times the peak electricity demand of New Orleans, and May said Meta expects to use close to that amount almost continuously [5]. The figure had been treated as confidential; the report says May disclosed it accidentally [5].
Lawyers for the Union of Concerned Scientists and other groups pressed May on whether other customers could end up paying for the plants and power lines being built largely for Meta. May said Meta’s payments are designed to exceed the costs of serving it, rising if Entergy’s costs rise [5]. That is Entergy’s account of a contract the public has not seen in full.
What is AMD planning?
Advanced Packaging News, citing reports around chief executive Lisa Su’s recent meetings in Taiwan, says AMD is planning wafer, packaging and substrate supply three to five years ahead (reported) [6]. Su said AMD’s plan to invest more than $10 billion in Taiwan’s chip industry remains on track [6]. Its MI450 AI chips, made on TSMC’s 2nm process, are in production, with larger volumes expected in 2027 [6].
What links these stories?
Each shows the AI build-out being financed and powered on long horizons: 2028 for CoreWeave’s first Indian phase, 15-year leases at Applied Digital, a bond running to 2049 for Meta, and AMD planning up to five years ahead [1][3][4][6]. And more of the power is coming from private gas plants: Bell’s 900 MW and Applied Digital’s North Dakota deal [2][3].
What this does not prove
- That Bell’s expansion will be built. The land deals are conditional, and consultation is still to come [2].
- The cost of CoreWeave’s India plan. No figure was given [1].
- That Meta’s project is at risk. The bond price reflects market conditions as reported; Meta’s own position is not set out in the sources [4].
- That other Louisiana customers are protected. That is Entergy’s claim about a contract regulators are still examining [5].
- AMD’s planning horizon from AMD itself. It comes from reports around Su’s Taiwan meetings [6].
The Bottom Line
The scale keeps rising: 240 MW in India, a possible 1.2 GW in Saskatchewan, 1.41 GW leased at Applied Digital, and a single Meta site expected to draw 4,500 MW, about four times New Orleans’ peak demand [1][2][3][5]. The money behind it is long-dated and, as Meta’s bond shows, sensitive to interest rates [4]. Watch who pays if any of these projects shrinks; that question is moving to regulators and voters.
Related on TSN: Black Hills’ $1.8bn gas build for Google’s Cheyenne data centre · Fewer Secrets, More Promises: Amazon’s Answer to the Data Center Backlash
Sources
- CoreWeave, “CoreWeave Enters India, Expanding AI Cloud Platform With AdaniConneX,” press release, 7 October 2026. https://investors.coreweave.com/news/news-details/2026/CoreWeave-Enters-India-Expanding-AI-Cloud-Platform-With-AdaniConneX/default.aspx
- Alexander Quon, “Bell Canada plans to purchase 895 acres to expand AI data centre outside Regina,” CBC News, 7 October 2026, 20:18 BST (15:18 EDT). https://www.cbc.ca/news/canada/saskatchewan/ai-data-centre-9.7372812
- Applied Digital, “Applied Digital Reports Fiscal First Quarter 2027 Results,” GlobeNewswire release, 7 October 2026 (as carried by The Manila Times). https://www.manilatimes.net/2026/10/08/tmt-newswire/globenewswire/applied-digital-reports-fiscal-first-quarter-2027-results/2441281
- Max Gottlich, “Inside Wall Street’s $27B financing of Meta’s Hyperion AI data center,” Seeking Alpha, 7 October 2026, 15:25 BST (10:25 ET). Paywalled; opening and summary only. https://seekingalpha.com/news/4650965-inside-wall-streets-27b-financing-of-metas-hyperion-ai-data-center
- Nolan McKendry (The Center Square), “Meta data center power demand revealed,” New Orleans CityBusiness, 7 October 2026. https://neworleanscitybusiness.com/blog/2026/10/07/meta-data-center-power-demand/
- “AMD extends AI capacity planning,” Advanced Packaging News, 7 October 2026. https://advancedpackaging.news/article/125554/AMD_extends_AI_capacity_planning
Source note: Seeking Alpha is paywalled; only its opening sentence and its “Quick Insights” summary were readable. The brief’s “Meta silent, guidance unchanged” is not in the readable text and is dropped; the 2049 maturity and lease mismatch come from Seeking Alpha’s summary. Seeking Alpha calls the financing vehicle “Beignet” and the site Hyperion; The Center Square calls it Meta’s Richland Parish data centre. TSN treats them as the same Louisiana project, as the brief does, but neither source states both names. The “$52 billion” is CBC’s figure and currency is not specified. The Applied Digital release was read via a syndicated copy. CBC dates the rezoning vote “Wednesday”, 7 October 2026.
