What Prometheus Hyperscale does

Prometheus Hyperscale is a private U.S. infrastructure developer, founded in 2020 (originally as Wyoming Hyperscale) and headquartered in Evanston, Wyoming, that designs and operates next-generation, liquid-cooled hyperscale data centers for leading AI companies. Its core technology stack is a proprietary liquid cooling system claimed to reduce facility energy consumption by up to 50% versus traditional air cooling, paired with a proprietary geothermal/closed-loop architecture that eliminates draw from local water supplies (Evanston campus water use projected at the equivalent of roughly 15 homes per year) and a fully islanded microgrid with on-site natural gas generation that avoids public-utility interconnection queue exposure. The flagship product is a 506-acre campus near Evanston, Wyoming designed for 1.25 GW of initial capacity with a development path to 5 GW, supplemented by a 1.5 GW carbon-negative campus at Casper/Falls Ranch (in partnership with Spiritus and Casper Carbon Capture) and a Texas I-35 corridor buildout with ENGIE North America and Conduit Power, representing a stated $30+ billion capex pipeline.

The company sells capacity rather than compute: revenue is generated through long-term, quote-based anchor-tenant agreements with hyperscale AI customers (Meta and Microsoft are publicly identified as being in discussions for a 1.2 GW Evanston project) and through co-developed hyperscale capacity with energy and infrastructure partners, with project-level financing structured via special purpose vehicles. Its go-to-market combines direct enterprise sales, channel/co-development partnerships with energy majors (ENGIE, Conduit, PureWest, Frontier, Oklo, XL Batteries) and a connectivity partner (Lumen Technologies), plus an event-driven model in which permitting milestones, press releases, and the University of Wyoming $3.1B economic impact study drive stakeholder and tenant engagement. Operations are supported by a leadership bench drawn heavily from BP (Bernard Looney as Chairman & CEO, Adam Mirick as Chief Energy and Business Officer, Mark Wilson as VP Power and Partnerships, Levi Lundgreen as Chief of Staff) combined with hyperscale delivery veterans from Microsoft, AWS, Meta/Facebook/Equinix, and Leidos, and the company has secured strategic capital from In-Q-Tel, the U.S. intelligence community's venture arm. The company is pre-revenue, with first IT-ready power targeted for 2026 and full flagship buildout over 48–60 months from final permitting.

Name

Prometheus Hyperscale

Legal name

Prometheus Hyperscale

Website

https://prometheushyperscale.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Prometheus Hyperscale is a U.S. private developer of liquid-cooled, behind-the-meter hyperscale data center campuses for AI tenants, with a $30+ billion capex pipeline spanning Wyoming, Texas, Arizona, and Colorado and pre-revenue operations targeting first IT-ready power in 2026.

Ownership category

akta.pro rank

Headquarters

HQ city

Evanston

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Long-Term Hyperscale Tenant Lease Agreements: Recurring, long-term tenant agreements with leading AI companies (anchor tenants) that provide the contractual foundation for multi-billion-dollar infrastructure investment. Complex, large-scale agreements negotiated by President Trevor Neilson translate long-term tenant commitments into bankable capital structures, including special purpose vehicles and project-level debt facilities.
2. Co-Development Project Revenue (Texas I-35): Co-developed hyperscale data center capacity alongside ENGIE and Conduit Power on the Texas I-35 corridor; initial sites expected to go live in 2026 with more locations from 2027 onward, supporting multi-gigawatt development programs.
3. Project Equity and Institutional Capital Deployment: Equity and project-level debt financing structured through special purpose vehicles and underwriting logic that supports multi-gigawatt development programs, attracting institutional debt and equity at scale for $30+ billion capex pipeline.

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels8 records

Core offering

Prometheus Hyperscale designs, develops, and operates next-generation, liquid-cooled hyperscale data center campuses with proprietary liquid cooling and geothermal technology that eliminates water use, paired with islanded microgrid power generation. The company sells multi-year, anchor-tenant capacity to leading AI companies, translating long-term tenant commitments into bankable capital structures and project-level debt/equity financing across a $30+ billion capex pipeline in Wyoming, Texas, Arizona, and Colorado.

Differentiator

Problem solved

Functional benefit

Brands

• Build Wyoming: A statewide initiative led by Prometheus Hyperscale to position Wyoming as a builder of critical national AI infrastructure through job creation, local business support, workforce training, and Community Benefit Agreements.

Products and services

• Evanston, Wyoming Flagship Data Center Campus
• Casper/Falls Ranch Carbon-Negative Data Center Campus
• Texas I-35 Corridor Data Center Campuses
• Build Wyoming Community Workforce Initiative

Quantifiable outcome

• Reduces facility energy consumption by up to 50% versus traditional air cooling
• +8 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature6 records

Partnerships

Eleven partnerships are on record, tiered workforce development partner — build wyoming, flagship co-development partner — casper/falls ranch project, core co-development partner — texas power solution, flagship co-development partner — texas market entry, core technology partner — long-duration storage, core partner — zero-carbon power solution, core partner — carbon removal credits, flagship connectivity partner, minor — utility partner for grid-tied capacity and flagship clean-energy partner — nuclear smr power.

• Eastern Wyoming Collegeworkforce development partner — build wyomingImplementation/ SI/ Consulting Partner · 7 January 2026Prometheus Hyperscale funded the initial stages of a vocational training program with Eastern Wyoming College ($10,000 donation cited), focused on preparing Wyoming workers for skilled data center and energy infrastructure jobs (electricians, technicians, and other skilled trades).
• Spiritus (Orchard Power)flagship co-development partner — casper/falls ranch projectStrategic or Co-development Partner · 7 October 2025Spiritus, via its Orchard Power platform, will deliver 1.5 GW of on-site firm power fueled by natural gas, integrated with point-source and direct air capture (DAC) to drive carbon-negative operations at the Casper/Falls Ranch digital infrastructure campus (minimum $500M initial investment, first IT-ready power targeted 2026).
• Casper Carbon Capture (Live Oak Environmental)flagship co-development partner — casper/falls ranch projectStrategic or Co-development Partner · 7 October 2025Casper Carbon Capture will provide land, rights-of-way, and access to permitted CO2 sequestration wells in Natrona and Converse Counties for permanent storage of captured emissions supporting the Casper/Falls Ranch carbon-negative digital infrastructure campus.
• Conduit Powercore co-development partner — texas power solutionStrategic or Co-development Partner · 3 September 2025Partnership to deliver reliable hybrid bridge and back-up power solutions (gas + battery, designed with Gruppo AB) for data center builds to be co-located at certain carbon-free energy facilities owned and operated by ENGIE in Texas. Up to 300MW of bridging/back-up at each hyperscale site; first facility online 2026, additional 2027+.
• ENGIE North Americaflagship co-development partner — texas market entryStrategic or Co-development Partner · 2 September 2025Exclusive agreement to co-locate Prometheus's high-efficiency, liquid-cooled AI-ready data centers at select renewable and battery storage energy facilities and development sites owned and operated by ENGIE in and around Dallas, Texas. First sites expected online in 2026, with more from 2027 onward. Includes market-based mechanisms for tenants to offset project-related carbon emissions.
• XL Batteriescore technology partner — long-duration storageTechnology or Integration · 14 May 2025Multi-year agreement to deploy on-site long-duration energy storage systems at Prometheus's data centers. Phase 1: 333 kW demonstration-scale Organic Flow Battery in 2027. Phase 2: 12.5 MW / 125 MWh commercial-scale system in 2028 and another in 2029. XL's non-toxic, non-flammable, non-corrosive organic molecules address compute load swings.
• PureWest Energycore partner — zero-carbon power solutionStrategic or Co-development Partner · 6 May 2025First-of-its-kind partnership to deliver carbon-neutral, flexible power (backup, balancing, baseload) for the flagship Wyoming data center. PureWest will be Prometheus's preferred partner for verified low-carbon and low-water-intensity natural gas. First phase will seek to utilize over 500,000 tons per annum of carbon removals.
• Frontier Carbon Solutions (Frontier Infrastructure Holdings)core partner — carbon removal creditsStrategic or Co-development Partner · 6 May 2025Frontier is the preferred provider of high-quality, biogenic-source carbon removal credits for Prometheus. Credits are generated by capturing biogenic CO2 from facilities across the Mountain West and transporting liquid CO2 to Frontier's carbon sequestration facility in Southwestern Wyoming, providing end-to-end traceability.
• Lumen Technologiesflagship connectivity partnerTechnology or Integration · 17 December 2024Prometheus selected Lumen to connect its energy-efficient data centers to meet AI data demands. Lumen is deploying Private Connectivity Fabric with next-generation wavelength services and Dedicated Internet Access with DDoS protection across Prometheus's flagship Wyoming facility and four future data centers in the western U.S. (Pueblo CO, Fort Morgan CO, Phoenix AZ, Tucson AZ).
• Rocky Mountain Powerminor — utility partner for grid-tied capacityStrategic or Co-development Partner · 24 November 2024Prometheus has secured an initial 120 MW of grid power through Rocky Mountain Power, with plans for an additional 120 MW, ensuring robust power availability without curtailment risks for the Evanston flagship campus.
• Oklo Inc.flagship clean-energy partner — nuclear smr powerStrategic or Co-development Partner · 23 May 2024Non-binding letter of intent to enter into a 20-year Power Purchase Agreement under which Oklo will supply 100 MW of carbon-free power from its Aurora-INHOUSE powerhouses to Prometheus Hyperscale's Wyoming data center campuses. Anchors Prometheus's clear path to Net Zero.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• CyrusOne: CyrusOne is a global hyperscale colocation operator with multi-GW campuses serving AI and cloud tenants — overlaps Prometheus on customer profile but at much larger scale and broader footprint.
• Vantage Data Centers: Vantage is a large, well-capitalized hyperscale data center developer with sustainability programs and multi-GW campuses across North America and Europe — overlaps with Prometheus on sustainability positioning but at far greater scale and broader geographic footprint.
• Digital Realty: Digital Realty is the largest publicly listed global data center REIT, offering hyperscale and AI-ready capacity at scale — a broad incumbent competitor across most of Prometheus's target customer set.

Direct peers

• CoreWeave: CoreWeave builds and operates GPU-dense, AI-specialized data center capacity under long-term hyperscale-style contracts — directly comparable to Prometheus's AI-tenant, liquid-cooled, anchor-lease model.
• Crusoe: Crusoe designs and operates AI-optimized data centers with behind-the-meter power and a sustainability angle, including flare-gas capture — most directly comparable to Prometheus's energy-first, liquid-cooled, sustainable hyperscale model.
• EdgeConneX: EdgeConneX specializes in sustainable, custom-built data center campuses for hyperscale and AI customers — comparable to Prometheus on sustainability focus and bespoke hyperscale delivery.
• Applied Digital: Applied Digital designs, builds, and operates data centers optimized for AI/HPC workloads with behind-the-meter power arrangements, making it a directly comparable AI-native hyperscale developer to Prometheus.
• Compass Datacenters: Compass develops purpose-built hyperscale data center campuses for anchor tenants, comparable to Prometheus's long-term anchor-lease model and project-level SPV financing approach.
• Stack Infrastructure: Stack Infrastructure is a hyperscale data center developer focused on large-scale, sustainable campuses for AI and cloud tenants — closely aligned with Prometheus on project scale, anchor-tenant model, and ESG positioning.

Others

• Talen Energy: Talen Energy is developing co-located nuclear-powered data center campuses (e.g., Susquehanna-Amazon deal) — thematically adjacent as a power-first infrastructure model rather than a direct DC operator, but competing for the same energy-constrained hyperscale narrative.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/WyomingBox
• LinkedInlinkedin.com/company/prometheus-hyperscale
• Instagraminstagram.com/prometheushyperscale

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds8 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Prometheus Hyperscale