ISS Mining

What ISS Mining does

ISS Mining is a Texas-based, founder-controlled private company founded in 2025 that develops and operates grid-independent power and AI data center infrastructure across the United States. The platform controls 19,000+ acres of power-rich land across 9 sites in 4 states (Texas, Georgia, Tennessee, New York) and is in active acquisition across 4 additional states, with an aggregate multi-gigawatt development capacity and flagship sites such as Big Wells, TX (816 MW) and Soperton, GA (780 MW path). Its reference design layers four on-site generation sources (gas turbine baseload, combined-cycle steam recovery, utility-scale solar PV and organic Rankine cycle waste-heat capture with battery storage), native 800 VDC distribution, and hybrid liquid cooling with absorption chillers, engineered for 600 kW+ rack densities arriving 2027-2028.

The company operates a five-stage funnel (control, verify, decide, develop, operate/transfer) and monetizes sites through four deal shapes — Hand-over after complexity navigation, Horizontal-Ready, Power Delivery, and Operated — allowing clients to enter at different development stages. Capital is structured through site-level joint ventures, project-level debt, platform-level equity and co-invest on transferred assets. Customer and capital-partner segments are AI compute companies and hyperscalers, institutional capital partners, and strategic partners (anchor tenancy, co-development, portfolio anchors). All engagements run through direct enterprise sales under NDA.

The company is pre-revenue. Financial projections cited in investor materials show EBITDA scaling from $65M in Year 1 to $421M in Year 5 at the Big Wells site. Funding to date includes a $5M Friends & Family round closed November 2025 at a $60M pre-money valuation, with a $70M Series A (35% dilution) targeting close by April 2026 and a planned $1.3B Series B (~$400M equity / ~$900M debt) targeting August 2026. Woods Capital is engaged for $740M of gearing, Jacobs for 30% engineering drawings on Big Wells, and Blue Bonnet / WTG for gas pipeline supply.

Name

ISS Mining

Legal name

ISS Mining

Website

https://issmining.com

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

ISS Mining is a Texas-based, founder-controlled developer founded in 2025 that controls 19,000+ acres across 9 power-rich AI data center sites in 4 US states, delivering grid-independent, behind-the-meter generation through four deal shapes for AI compute buyers, hyperscalers and institutional capital partners.

Ownership category

akta.pro rank

Product category

AI Data Center Infrastructure Development

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

AI Server Systems & HGX/Accelerator Platforms (HDAAAAAB)

Keywords

• AI data center sites
• Behind-the-meter generation
• Grid-independent power
• Infrastructure site development
• AI compute capacity

Headquarters

HQ city

Texas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Site Transfer Revenue: Revenue from transferring controlled, verified sites to buyers with their own power solution. ISS delivers sites after complexity navigation (technical, regulatory, reputational work completed).
2. Horizontal-Ready Site Sales: Revenue from site hand-over at horizontal-ready stage - permitted, engineered sites ready for buyer power deployment. ISS completes civil, water, fiber infrastructure but does not bring generation.
3. Power Delivery Services: Revenue from delivering fully horizontally developed sites including on-site behind-the-meter generation. ISS delivers operating-ready powered capacity; buyer brings compute.
4. Operating/Campus Hosting: Year 2+ revenue from ISS retaining and operating sites as a hosting provider. ISS holds the site, builds vertically, operates the campus. Customers become tenants or off-takers without infrastructure execution burden.
5. ERCOT Grid Export Revenue: Bi-directional ERCOT interconnect enables ancillary revenue and ultimate backup through power export to the grid during peak pricing periods.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

ISS Mining is a developer and operator of power-rich, grid-independent infrastructure for AI compute. It controls 19,000+ acres across four U.S. states and delivers AI data center sites at four configurable entry points—from raw complexity-navigated land through fully powered and operated campuses—underpinned by a proprietary reference design (800 VDC distribution, hybrid liquid cooling, four-layer on-site generation) and a five-stage site funnel that allows structural optionality for compute buyers and capital partners.

Product overview

ISS Mining is an AI infrastructure platform that develops and operates power-rich data center sites across the United States. The platform operates through a single funnel with five stages: control, verify, decide, develop, and operate/transfer. The company offers four distinct deal shapes—Hand-over after complexity navigation, Horizontal-ready, Power Delivery, and Operated—that allow clients to enter at different stages. The Reference Design specification covers 800 VDC distribution, hybrid liquid cooling, and four-layer power generation. The company controls 19,000+ acres across Texas, Georgia, Tennessee, and New York with sites at various development stages from site viability through operating capacity.

Differentiator

Problem solved

Functional benefit

Brands

• ISS MININGAI Data Centers: AI data center infrastructure platform brand mentioned in navigation. Represents the company's core offering of grid-independent AI data center infrastructure.

Products and services

• Hand-over after complexity navigation A site transfer service delivering a controlled, verified site with the technical, regulatory, and reputational work completed. The buyer takes the site as-is and deploys their own infrastructure, including their own power solution.
• Horizontal-ready site delivery A site delivery service in which ISS completes permitting, engineering, and civil infrastructure (water, fiber), but the buyer brings their own power solution and deploys generation.
• Power delivery A fully horizontally developed site including on-site behind-the-meter four-layer generation, native 800 VDC distribution, and hybrid liquid cooling. Buyer takes operating-ready powered capacity and brings compute.
• Operated campus hosting A hosted/operating service in which ISS retains the site, builds vertically, and operates the campus. Customers become tenants or off-takers without infrastructure execution burden. Year 2+ revenue stream.
• Anchor tenancy A multi-year commitment to take operating-ready capacity at sites ISS develops and operates, anchoring site economics with behind-the-meter power.
• Co-development A site-specific partnership from horizontal development through operation, with custom power, custom cooling, and custom site design built around the buyer's workload.
• Portfolio anchor agreements Multi-site commitments across ISS's controlled portfolio, locking in capacity at multiple sites as they come online.
• Hand-over with continued partnership A site hand-over at horizontal-ready or after complexity navigation with ISS remaining a continuing partner on adjacent or pipeline sites.

Quantifiable outcome

• ERCOT interconnection queue: ~380 GW backlog vs. ~2 GW approved annually - structural advantage for grid-independent operators
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Jacobs (Engineering)coreImplementation/ SI/ Consulting Partner · 1 January 2025Jacobs is engaged for engineering services including 30% drawings for the Big Wells site development. Represents the company's EPC/execution model for engineering design.
• Blue Bonnet (Gas Pipeline)coreStrategic or Co-development Partner · 1 January 2025Blue Bonnet LOI being finalized for gas supply/pipeline capacity supporting the Big Wells site development. Critical for behind-the-meter generation fuel supply.
• WTG (Pipeline)coreStrategic or Co-development Partner · 1 January 2025WTG pipeline and 61,200 reservation/day negotiated for Big Wells site. Part of the critical infrastructure for natural gas supply to on-site generation.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• EdgeConneX: EdgeConneX develops and operates hyperscale and edge data centers worldwide and is a likely buyer or JV partner for ISS Mining's powered-land sites targeting AI hyperscaler tenants.
• Compass Datacenters: Compass is an established wholesale data center developer delivering build-to-suit and powered-shell campuses across the U.S., comparable to ISS Mining's Horizontal-Ready and Power Delivery deal shapes but without the behind-the-meter generation focus.
• Stack Infrastructure: Stack Infrastructure develops and operates large-scale AI-ready data center campuses in primary U.S. markets, providing comparable powered-shell and built-to-suit solutions to ISS Mining's Horizontal-Ready and Power Delivery offerings.
• DigitalBridge: DigitalBridge is a leading digital infrastructure investment firm operating a global data center platform (including DataBank) and partnering on AI infrastructure — comparable as a capital and operating counterparty to ISS Mining's institutional partner channel.
• Vantage Data Centers: Vantage is a major hyperscale data center developer and operator with multi-gigawatt campuses across North America and Europe, competing for the same anchor-tenant AI workloads that ISS Mining's platform targets.

Emerging players

• CoreWeave: CoreWeave is an AI-native cloud provider that has signed multi-gigawatt lease commitments with developers and is a likely anchor tenant for ISS Mining's sites, rather than a directly competing infrastructure platform.
• Nebius Group: Nebius builds and operates vertically integrated AI infrastructure (compute plus GPU plus energy) targeting AI developers, an emerging AI infrastructure model partially comparable to ISS Mining's Operated deal shape.

Direct peers

• Crusoe Energy: Crusoe pivoted from flared-gas bitcoin mining to behind-the-meter AI/HPC data center hosting, closely mirroring ISS Mining's behind-the-meter gas-powered AI infrastructure model and serving the same cohort of AI compute buyers.
• TeraWulf: TeraWulf transitioned its behind-the-meter bitcoin mining campuses toward HPC/AI hosting, sharing ISS Mining's strategy of converting power-rich sites into AI compute infrastructure with regulated or stranded power supplies.
• Applied Digital: Applied Digital operates AI/HPC data center campuses with proprietary behind-the-meter power solutions and pivoted from crypto hosting to AI compute — directly comparable to ISS Mining's grid-independent AI infrastructure strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/iss-mining

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

Investors

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 ISS Mining