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● TRACKER Updated 17d ago · 38 sources tracked

Cracks in Oracle’s AI Data-Center Build-Out Appear in Massive New Mexico Project

Oracle announced it awarded more than $994 million in contracts to New Mexico businesses for the Project Jupiter data center campus planned in Santa Teresa. The $1.5 billion artificial intelligence data center campus confirmed on April 27 that Project Jupiter will run entirely on Bloom Energy fuel cells, dropping gas turbines. Previously, the facility faced mounting delays, environmental scrutiny, power shortages, and infrastructure challenges two years into a four-year construction schedule, while also triggering a force majeure notice and relying on trucked natural gas.

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  • ✓ Oracle awarded more than $994 million in contracts in New Mexico for the Project Jupiter data center.
  • ✓ Project Jupiter is planned for Southern New Mexico in Santa Teresa.
  • ✓ Oracle and BorderPlex Digital Assets confirmed that Project Jupiter will run entirely on Bloom Energy fuel cells instead of gas turbines.
🛡️ Source Corroboration: 38 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

Oracle announced more than $994 million in contract awards to New Mexico businesses for the data center project.

Live updates

  1. Oracle Awards $994 Million in Contracts for Project Jupiter

    Oracle announced it awarded more than $994 million in contracts to New Mexico businesses for the Project Jupiter data center campus planned in Santa Teresa. The $1.5 billion artificial intelligence data center campus confirmed on April 27 that Project Jupiter will run entirely on Bloom Energy fuel cells, dropping gas turbines. Previously, the facility faced mounting delays, environmental scrutiny, power shortages, and infrastructure challenges two years into a four-year construction schedule, while also triggering a force majeure notice and relying on trucked natural gas.

    Why it matters

    Project Jupiter highlights the broader power scarcity issues and infrastructure delays confronting large-scale technology deployments across the United States. Environmental scrutiny and grid constraints have slowed progress on the massive campus, forcing developers to alter their power strategies and lean on alternative energy sources like fuel cells. Local environmental groups in New Mexico have successfully delayed the facility and plan to deploy their legal strategy nationally against hyperscalers.

    What is confirmed

    • Oracle awarded more than $994 million in contracts in New Mexico for the Project Jupiter data center.
    • Project Jupiter is planned for Southern New Mexico in Santa Teresa.
    • Oracle and BorderPlex Digital Assets confirmed that Project Jupiter will run entirely on Bloom Energy fuel cells instead of gas turbines.

    Still unconfirmed

    • Project Jupiter launch timelines may slip past 2028 amid ongoing infrastructure delays and power shortages.

    What to watch next

    • Federal authorities deciding on pipeline approval for the New Mexico facility.
    • Future updates on construction completion percentages beyond the 26 percent mark.
    Sources used for this update (6)
    1. www.computeforecast.com — Project Jupiter Fuel Cells Replace Gas Turbines at OracleLength
    2. seekingalpha.com — Weekly Commentary: Need To Talk
    3. dialecticaldispatches.substack.com — What Oracle's Force Majeure Notice Reveals About the AI Buildout
    4. cryptobriefing.com — US AI data center projects face delays, rising costs amid ...
    5. kvia.com — Oracle awards nearly $1 billion in contracts to New Mexico ...
    6. www.headliner.nl — Activisten ontwikkelen handleiding om hyperschaal datacenters ...
    confidence 95%

  2. Oracle Encounters Major Roadblocks at New Mexico AI Center

    Oracle faces mounting delays and environmental scrutiny at its massive New Mexico artificial intelligence data center project, known as Project Jupiter. Two years into a four-year construction schedule, the facility is only 26 percent complete and has triggered a force majeure notice. Power shortages and infrastructure delays are impacting the build-out, forcing reliance on trucked natural gas while federal authorities weigh approval for a pipeline. Executives recently toured the site to provide updates as launch timelines potentially slip past 2028, highlighting broader power scarcity issues in large-scale technology deployments.

    Why it matters

    The massive scale of artificial intelligence infrastructure spending is encountering severe physical limitations, particularly regarding power and water resources. Projects like Project Jupiter show how grid capacity and permitting hurdles can disrupt timelines for multi-billion dollar tech investments.

    What is confirmed

    • Two years into a four-year plan to build a massive data center in New Mexico, Oracle is claiming force majeure.
    • Oracle in New Mexico faces environmental scrutiny over Project Jupiter.

    Still unconfirmed

    • NEXTDC halted trading due to infrastructure delays and power shortages impacting AI data center deployments.

    What to watch next

    • Federal regulatory decisions regarding the natural gas pipeline for Project Jupiter
    • Construction milestone updates beyond the 26 percent completion mark
    Sources used for this update (4)
    1. startupfortune.com — The $10 Trillion AI Buildout Is Starting to Show Cracks in the Financing
    2. thebuildout.ai — AI infrastructure builds face rising delivery risks from ...
    3. www.fool.com — Oracle Calls Force Majeure Already? | The Motley Fool
    4. latination.com — New Mexico desert has other plans for Oracle's $165 billion ...
    confidence 85%

  3. Oracle Pushes Regulators on Project Jupiter Pipeline as Permitting Delays Mount

    Oracle executives flew to New Mexico this week to tour the Project Jupiter site and provide a construction update, even as the 13 billion dollar, 2.45-gigawatt artificial intelligence data center confronts another delayed permitting proceeding. The company is urging federal authorities to approve a natural gas pipeline required for the facility. Previously reported setbacks include a force majeure notice, construction that is 26 percent complete, potential launch delays beyond 2028, and reliance on trucked natural gas while awaiting infrastructure approvals, reflecting broader power scarcity.

    Why it matters

    The delays surrounding Project Jupiter highlight the intense energy demands and infrastructure bottlenecks facing large artificial intelligence build-outs. Securing reliable power and pipeline approvals remains a major hurdle for tech companies racing to deploy massive computing facilities. Oracle is actively lobbying regulators to accelerate decisions to keep the New Mexico development on track.

    What is confirmed

    • Oracle executives flew in during the week of October 16, 2026, to provide an update on construction during a tour of Project Jupiter.
    • Project Jupiter faces another delayed permitting proceeding.
    • Oracle has called on federal authorities to approve a natural gas pipeline needed for the site.

    What to watch next

    • Decisions by federal authorities regarding the natural gas pipeline approval
    • Resolution of the delayed permitting proceedings for Project Jupiter
    • Further updates from Oracle executives on the revised launch timeline
    Sources used for this update (2)
    1. searchlightnm.org — Oracle touts Project Jupiter benefits during tour as ...
    2. finance.yahoo.com — Market Chatter: Oracle Urges Regulators to Speed Up Pipeline ...
    confidence 100%

  4. Oracle Shares Slide as New Mexico AI Project Faces Delays

    Oracle shares fell nearly 5 percent in pre-market trading following reports that the company issued a force majeure notice regarding its Project Jupiter data center in New Mexico. The 2.45-gigawatt artificial intelligence facility, valued at 13 billion dollars, is currently 26 percent complete but confronts construction setbacks that could push its launch beyond 2028. Oracle is trucking natural gas to the site while waiting for infrastructure approvals. The development highlights severe power scarcity and infrastructure bottlenecks threatening massive artificial intelligence construction efforts.

    Why it matters

    Securing adequate power no longer insulates massive artificial intelligence builds from operational delays and infrastructure gaps. Project Jupiter requires both a federal pipeline decision and a state air permit for its fuel-cell microgrid. The enterprise must rely on a costly stopgap method while awaiting regulatory rulings on the Green Chile Pipeline.

    What is confirmed

    • Oracle shares fell nearly 5 percent in pre-market trading following reports of a force majeure notice on its New Mexico Project Jupiter data centre.
    • Project Jupiter is a 2.45-gigawatt data center campus located in Santa Teresa, New Mexico.
    • Construction on the facility has reached 26 percent completion.
    • Oracle is trucking natural gas to the site while waiting for pipeline infrastructure.

    Still unconfirmed

    • Construction setbacks could push the AI facility beyond its planned 2028 launch.

    What to watch next

    • Regulatory rulings on the Green Chile Pipeline
    • Approval of the state air permit for the fuel-cell microgrid
    • Updates on the 2028 launch timeline and STACK Infrastructure partnership
    Sources used for this update (4)
    1. www.wionews.com — Oracle shares fall 5% as costly AI infrastructure project ...
    2. finance.yahoo.com — Oracle’s ‘force majeure’ warning lands as AI power gets scarce
    3. www.newscase.com — Oracle’s $13 Billion New Mexico Bet Hinges on a Pipeline ...
    4. americanbuildout.com — Project Jupiter – American Buildout
    confidence 90%

  5. Oracle Project Jupiter in New Mexico Faces Pipeline and Power Hurdles

    Oracle is trucking natural gas to power its Project Jupiter data center in New Mexico while waiting for pipeline infrastructure. The development highlights mounting bottlenecks in the artificial intelligence infrastructure boom. Construction on the 2.45-gigawatt facility has reached 26 percent completion, though the project faces financial and environmental pressures. Oracle previously issued a force majeure notice to Blue Owl’s STACK Infrastructure regarding the site. Observers note that securing power is no longer enough to insulate massive artificial intelligence builds from operational delays and infrastructure gaps.

    Why it matters

    The artificial intelligence infrastructure boom relies heavily on massive debt and future commitments. When unexpected environmental or logistical risks materialize, developers encounter severe bottlenecks that threaten aggressive construction timelines. Oracle's massive New Mexico campus exemplifies the friction between rapid technological expansion and physical energy delivery constraints.

    What is confirmed

    • Oracle is delivering natural gas by truck to several data centers to maintain construction schedules.
    • Project Jupiter is a 2.45-gigawatt AI data center.

    Still unconfirmed

    • Oracle's Project Jupiter has reached 26 percent completion.
    • Oracle issued a force majeure notice to Blue Owl's STACK Infrastructure regarding Project Jupiter.

    What to watch next

    • Completion of pipeline infrastructure for the New Mexico data center
    • Further updates on the status of the force majeure notice and rent payment deferrals
    • Additional reports on power-securing strategies for large-scale artificial intelligence facilities
    Sources used for this update (12)
    1. constructionreviewonline.com — How is Oracle’s $165B Project Jupiter: On Track or Derailed?
    2. finance.yahoo.com — AI Data Center Delays Raise New Questions For ORCL, BE And ...
    3. frankrayal.com — Oracle, Force Majeure, and the Hidden Risks Behind the AI ...
    4. guavy.com — AI Data Center Delays Highlight New Bottlenecks for Oracle ...
    5. finance.yahoo.com — Oracle uses natural gas trucks to power data centers - report
    6. hoodline.com — Oracle's New Mexico AI Data Center Faces Pipeline Delays
    7. en.wikipedia.org — Cracks (2009 film) - Wikipedia
    8. www.youtube.com — Cracks - YouTube
    9. tubitv.com — Cracks (2009) - Stream Free | Tubi
    10. www.justwatch.com — Cracks streaming: where to watch movie online? - JustWatch
    11. www.youtube.com — ASMR Best cracks of 2021 | Cracking compilation 4 - YouTube
    12. crackstreams-cx.site — CrackStreams – NBA, NFL, UFC, Boxing, MLB & NHL Live Sports...
    confidence 90%

  6. Oracle shares slide as flooding hits $18B New Mexico AI project

    Oracle stock fell 5% following reports of flooding at its Project Jupiter AI data center in New Mexico. Despite the weather event, Oracle reports no critical damage to infrastructure and maintains that the $18B project remains on schedule. This follows previous reports that the company sought rent payment deferrals by invoking force majeure. The situation highlights the volatility of large-scale AI infrastructure projects facing environmental and financial pressures.

    Why it matters

    Project Jupiter is a multi-billion-dollar effort partnered with Blue Owl to support machine learning workloads. Previous reports indicated the site faced power issues that could delay its 2028 completion date.

    What is confirmed

    • Oracle stock fell 5% due to flooding concerns at the Project Jupiter site.
    • The Project Jupiter AI data center in New Mexico is valued at $18B.
    • Oracle reports no critical infrastructure damage at the flooded site.
    • Oracle maintains that Project Jupiter remains on schedule.

    Still unconfirmed

    • Oracle wants to defer its rent payments by citing force majeure.

    What to watch next

    • Official confirmation of rent deferral requests
    • Updates on the 2028 completion timeline
    • Third-party damage assessments of the New Mexico site
    Sources used for this update (5)
    1. coincentral.com — Oracle (ORCL) Stock Drops as Flood Fears Hit Its $18B AI ...
    2. www.heise.de — Massive AI data center delayed? Oracle wants deferral of rent ...
    3. capacityglobal.com — $165bn Project Jupiter: What Oracle's force majeure notice ...
    4. moneycheck.com — Oracle (ORCL) Shares Slide Amid New Mexico Flooding Concerns ...
    5. blockonomi.com — Oracle (ORCL) Stock Dips 5% Amid New Mexico Flooding Concerns ...
    confidence 90%

  7. Oracle Shares Fall Amid Power Delays on New Mexico AI Center

    Oracle shares fell following reports that the company invoked force majeure and may seek payment delays for a massive New Mexico artificial intelligence data center project known as Project Jupiter. The multi-billion-dollar infrastructure effort, partnered with Blue Owl, faces potential delays in coming online by 2028 due to power issues. This setback has sent immediate ripples through artificial intelligence financing and data center debt markets, highlighting growing strain on the rapid industrial build-out required to support modern machine learning workloads.

    Why it matters

    The massive expansion of artificial intelligence infrastructure relies heavily on swift power delivery and complex debt financing arrangements between tech giants and private credit firms. Projects like Project Jupiter represent the immense scale required for next-generation computing, but they remain vulnerable to grid constraints and timeline failures. When foundational builds encounter operational hurdles, the financial impact quickly spreads across equity and credit markets.

    What is confirmed

    • Oracle shares dropped following reports regarding the data center project.
    • Oracle issued a force majeure notice regarding Project Jupiter in New Mexico.

    Still unconfirmed

    • Oracle is reportedly looking to delay payment on Project Jupiter if the data center fails to come online in 2028.
    • The New Mexico AI data center is facing power delays.

    What to watch next

    • Official statements from Oracle or Blue Owl regarding the revised timeline for Project Jupiter
    • Updates on power availability and grid connections in New Mexico
    Sources used for this update (3)
    1. www.cnbc.com — Oracle shares drop on report it sent 'force majeure' notice about data center project
    2. finance.yahoo.com — Analysis-Oracle, Blue Owl project delay sends ripples through ...
    3. www.econotimes.com — Oracle Shares Fall as New Mexico AI Data Center Faces Power ...
    confidence 80%

  8. Oracle cites 'force majeure' on New Mexico data center project

    Oracle has cited 'force majeure' to shield itself from issues with its massive data center project in New Mexico, a move that has sent ripples through AI financing and data center debt markets. The project, known as 'Project Jupiter', is reportedly facing delays. Oracle's shares have dropped following the report.

    Why it matters

    The data center build-out is a significant part of Oracle's AI infrastructure plans. Delays or issues with this project could impact the company's ability to provide AI services. The 'force majeure' notice is a common clause used by companies to excuse themselves from contractual obligations due to unforeseen circumstances.

    What is confirmed

    • Oracle cited 'force majeure' to shield itself on its controversial data center project.
    • Oracle shares dropped on the report of the 'force majeure' notice.
    • The data center project delay sends ripples through AI financing.

    Still unconfirmed

    • Blue Owl's Stack Infrastructure to delay Project Jupiter by a year.

    What to watch next

    • Oracle's official statement on the project status
    • Impact on data center debt markets
    • Resolution of project delays
    Sources used for this update (9)
    1. Bloomberg — Oracle Cites ‘Force Majeure’ to Shield Itself on Controversial Data Center
    2. CNBC — Oracle shares drop on report it sent 'force majeure' notice about data center project
    3. Reuters — Oracle cites ‘force majeure’ to shield itself on data center, Bloomberg News reports
    4. Reuters — Oracle, Blue Owl project delay sends ripples through AI financing, sources say
    5. WSJ — Cracks in Oracle’s AI Data-Center Build-Out Appear in Massive New Mexico Project
    6. Semafor — View / AI’s financial Jenga towers start to wobble
    7. Yahoo Finance — Oracle’s Collapse–$200 Billion In Data Center Shut Downs
    8. Bloomberg.com — Oracle Notice to Weigh on Data Center Debt, Morgan Stanley Says
    9. Yahoo Finance — Market Chatter: Blue Owl's Stack Infrastructure to Delay Project Jupiter by a Year
    confidence 85%
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