The Buildout Registry · Indiana

Next Frontier Indiana (New Lebanon)

Fluidstack · New Lebanon, Sullivan County, Indiana

Verified by Neocloud GroupChecked against 5 sources, including primary filings and releases
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430 MW
Critical IT planned
0 MW
Energized today
2026-12
First power
MISO
Grid region · location approximate
In brief

What makes it notable.

  1. A 430 MW greenfield campus on 140 acres in Sullivan County, built as 245 MW and 185 MW turnkey buildings, with park infrastructure construction beginning in April 2026.
  2. Hoosier Energy and WIN Energy REMC supply power on MISO under a multi-party service agreement, with a dedicated on-site substation.
  3. First utility power delivery is reported for December 2026 and the first 65 MW data hall for July 2027. Sources conflict on full buildout, 2027 to 2028.
Deal anatomy

Six layers, and who holds each.

Every Registry site is read the same way: a campus is real when each layer has a name. Members see the anchor tenant and the capital.

Power
Hoosier Energy + WIN Energy REMC
Site and build
Not disclosed
Compute
Google TPUs
Cloud operator
Fluidstack
Anchor tenant
Members
Capital
Members
Free for professionals in AI infrastructure.
Timeline

From here to full build.

  1. Oct 2026Today
  2. 2026-12First powerfirst utility power delivery, reported); first 65 MW data hall online Jul 2027
  3. 2027-2028Full buildoutsources conflict
The detail

Each party's role.

Power

Hoosier Energy + WIN Energy REMC. Generation and transmission cooperative plus local distribution cooperative under a multi-party power service agreement (MISO); dedicated on-site substation funded within the notes reported

Site and build

Not disclosed. Greenfield build on 140 acres; GC and cooling design not publicly named; park infrastructure construction began April 2026 inferred

Compute

Google TPUs. Reported: the $35B financing leases Google TPUs to Anthropic across the five sites, with a Broadcom residual-value guarantee on the senior tranche reported

Cloud operator

Fluidstack. AI cloud platform; operates the leased capacity

Related sites

Nearby in the buildout.

Under constructionAbernathyFluidstack · TX · 168 MW Under constructionCrusoe Warrenton CampusCrusoe · MO · 600 MW Under constructionDelta Forge 1Applied Digital · LA · 300 MW Under constructionJustified Data CampusTeraWulf · KY · 401 MW
Sources

The record behind this page.

Neocloud Group

Who keeps this record.

Neocloud Group is the advisory firm AI companies bring in to secure data center capacity. The Registry is part of that work.

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