From DataCenter Dynamics, September 24:
The 2.5GW site in New Mexico is set to come online in 2028
Oracle has sent a ‘force majeure’ notice to Blue Owl Capital in an effort to shield itself from potential increased costs associated with a data center project in New Mexico, per a report from Bloomberg.
Should the 2.5GW data center campus, dubbed Project Jupiter, fail to come online in 2028 as planned, the cloud giant is seeking to delay the payments it would have to make, rather than forfeit its tenancy, the report added.
A force majeure is a contractual provision that frees parties from liability or obligation when circumstances arise that are beyond their control.
Oracle was announced as the tenant of Project Jupiter in January 2026. The 1,400-acre campus is expected to span four data center buildings and is being built by Stack and BorderPlex Digital Assets, with the companies previously announcing plans to invest up to $165 billion in the project.
Stack Infrastructure was acquired by alternative asset manager Blue Owl in 2024....
....MUCH MORE
It's been a tough year for Blue Owl, and the stock (OWL) reflects it:
Down 3.65% today, cut in half (-50.61%) over the last 12 months.
Oracle was down 3.47% today and is down 55% over the last year.
