27-05-2025
Venture Capitalist Palihapitiya Buys Stake in Arizona Property for Data-Center Bet
Venture capitalist Chamath Palihapitiya is investing in an Arizona land deal, betting that the site could be used for data centers given its potential access to 1,500 megawatts of power.
Palihapitiya teamed up with Anita Verma-Lallian, chief executive officer of Arizona Land Consulting, and other investors to purchase 2,100 acres (850 hectares) of land west of Phoenix called Hassayampa Ranch. The site cost $51 million to assemble but has the potential to be worth $25 billion when completed for data centers, according to Verma-Lallian, who is selling stakes in the project.
