borderplex digital assets

overview

BorderPlex Digital Assets is a pioneering growth infrastructure developer focused on creating integrated digital infrastructure campuses that combine power, water, cooling, fiber, and compute resources in single locations. Founded in 2022 by former Rackspace CEO Lanham Napier, the company develops full-stack infrastructure platforms with dedicated microgrids purpose-built for AI and hyperscale computing. BorderPlex’s flagship project is the $165 billion Project Jupiter in Santa Teresa, New Mexico, one of five sites selected for OpenAI’s Stargate Initiative - representing one of the largest private infrastructure investments in U.S. history.

business model

BorderPlex Digital Assets operates as a growth infrastructure company that develops integrated digital infrastructure campuses combining land development, power generation (microgrids), water treatment, industrial cooling, fiber connectivity, and data center facilities. The company follows an Infrastructure-as-a-Service model, building out comprehensive infrastructure platforms and then attracting data center operators and advanced manufacturing tenants. BorderPlex partners with established data center operators like STACK Infrastructure for facility development and leases completed facilities to hyperscalers like Oracle on long-term agreements (18+ years). The model addresses market fragmentation by consolidating power, water, cooling, and land resources to accelerate deployment timelines and reduce development risks for AI and high-performance computing workloads.

data center profile

global footprint

us portfolio (from database)

projects by state

specialization

primary focus: hyperscale, ai-ml, wholesale

key differentiators:

• Integrated growth infrastructure campus model combining power, water, cooling, land, and fiber

• On-site microgrid with dedicated power generation and battery storage

• Full-stack infrastructure development reducing multi-year deployment delays

• Strategic BorderPlex region location with access to US-Mexico trade corridors

• Partnership model with tier-1 operators (STACK Infrastructure) and hyperscalers (Oracle, OpenAI)

financial highlights

strategy

corporate strategy

BorderPlex Digital Assets pursues a growth infrastructure campus development strategy focused on solving the critical bottlenecks facing hyperscale AI deployment: fragmented power, water, cooling, and land resources. The company identifies high-potential locations with abundant energy and water resources, develops comprehensive integrated infrastructure platforms, and partners with established operators to deliver facilities to hyperscale tenants. The strategy emphasizes speed-to-market, risk reduction, and scalability for AI workloads. BorderPlex positions itself as an infrastructure enabler rather than a traditional data center operator, building the foundational platforms that allow others to deploy rapidly.

growth strategy

BorderPlex’s growth strategy centers on replicating its integrated campus model across multiple U.S. locations, with Santa Teresa, New Mexico as the flagship demonstration project. The company aims to build digital infrastructure campuses across the U.S., targeting regions with abundant renewable energy potential, water resources, favorable regulatory environments, and strategic geographic advantages. The Stargate partnership with OpenAI, Oracle, and SoftBank provides validation and a clear path to securing anchor tenants for future campuses. The company leverages its leadership team’s deep data center expertise (Lanham Napier’s 20+ years) and focuses on securing long-term agreements (18+ years) with creditworthy hyperscale customers before beginning construction.

power strategy

On-site microgrid development with independent power generation and battery energy storage systems (BESS) to avoid straining local utility grids. BorderPlex partners with specialized infrastructure providers like Orion Digital Infrastructure to deliver integrated power and cooling solutions. The strategy emphasizes grid independence for large-scale deployments while maintaining utility partnerships for supplemental capacity.

renewable commitment: BorderPlex pursues renewable energy integration including on-site solar generation, exploration of geothermal cooling, and partnerships for sustainable power solutions. The company balances renewables with natural gas backup generation to ensure reliability for mission-critical AI workloads.

major commitments

partnerships

power providers

technology partners

EPCOR Utilities (Water Infrastructure) : Partnership to explore brackish water desalination project feasibility for sustainable water supply in Santa Teresa, supporting both Mesilla and Albuquerque Basins

New Mexico State University (Water Management Research) : Collaboration on water management solutions and research for sustainable operations in arid regions

Flö Networks (Fiber Connectivity) : Fiber infrastructure provider for Project Jupiter campus

financial partnerships

leadership

Lanham Napier

Chairman and Co-Founder

Former CEO of Rackspace Hosting (2006-2014), growing company from $1.7M to$1.5B in revenue. Co-founder and CEO of BuildGroup Management LLC (2015-present). Over 20 years of data center development experience.

Brings extensive hyperscale data center expertise from Rackspace leadership. Son of late H. Albert Napier Jr., longtime Rice University business professor. Appointed to Rice University Board of Trustees in 2025. Serves on multiple boards including BenefitFocus, Anaconda, DigniFi, and others.

Jacques Greyling

Chief Operating Officer

Operational executive overseeing BorderPlex Digital infrastructure development and execution

Key operational leader managing complex infrastructure campus development

Harvey Powers

Operator

University of Texas at Austin education, Austin-based operator

Part of core operational team

competitive position

BorderPlex Digital Assets occupies a unique emerging position as a growth infrastructure campus developer rather than a traditional data center operator. The company is pioneering a new market category focused on comprehensive infrastructure platform development for hyperscale AI deployments. With Project Jupiter representing one of the largest individual data center investments globally ($165B), BorderPlex has achieved immediate prominence despite being founded only in 2022. However, the company has zero operational facilities and faces execution risk in delivering on unprecedented scale commitments.

strengths

• Visionary integrated campus model solving critical AI infrastructure bottlenecks

• Leadership team with deep data center expertise (Lanham Napier’s Rackspace experience)

• Strategic Stargate partnership providing validation and anchor tenants (Oracle, OpenAI)

• Long-term customer commitments (18-year Oracle lease)

• Tier-1 development partner in STACK Infrastructure

opportunities

• Explosive AI infrastructure demand from OpenAI and other hyperscalers

• Stargate Initiative’s $500B commitment and expansion to additional sites

• Replication of integrated campus model to other U.S. regions

• Growing recognition of infrastructure bottlenecks as key AI deployment constraint

• Potential to become preferred platform provider for multiple hyperscale customers

threats

• Project Jupiter failure would likely end company (single-project risk)

• Stargate Initiative funding uncertainty or scope reduction

• Escalating community opposition potentially delaying or blocking development

• Environmental permitting denials or stringent conditions

• Water rights challenges and drought conditions in New Mexico

projects

sources

• BorderPlex Digital Assets - Official Website

• BorderPlex Digital Assets (2025)

• BorderPlex Digital Assets - LinkedIn Company Page

• LinkedIn (2025)

• BorderPlex Digital Assets - Crunchbase Company Profile

• Crunchbase (2025)

• Governor announces partnership with BorderPlex Digital

• Office of the Governor - Michelle Lujan Grisham (2025-02-25)

• Austin-based company says it plans to spend $165 billion on New Mexico data center campus near El Paso

• El Paso Matters (2025-08-27)

• STACK Infrastructure Reinforces Responsible Development Principles through Project Jupiter

• STACK Infrastructure (2025-08-29)

• STACK Infrastructure and BorderPlex Digital Announce $56.9 Million in Water and Community Commitments

• STACK Infrastructure (2025-09-15)

• $165 billion Project Jupiter data center near El Paso to move forward

• El Paso Matters (2025-09-19)

• OpenAI, Oracle, and SoftBank expand Stargate with five new AI data center sites

• OpenAI (2025-09-23)

• Doña Ana County’s Project Jupiter joins $500 billion Stargate initiative led by OpenAI, Oracle

• Albuquerque Journal (2025-09-23)