Data center developer offers over $4M per acre to buy out homeowners

Data center developers are offering more than $4 million per acre to buy out homeowners in Virginia, vastly exceeding median land prices and outbidding home builders. This competition for land and grid capacity is raising concerns about residential development feasibility in affected areas.

This Wire brief sits within Fusion42's coverage of Proptech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.