Coatue Launches Venture to Acquire Land for Data Centers in Collaboration with Cloud Startups

Sun, 03 May 2026 11:03:00 +0200

Coatue, a major venture capital and hedge fund firm, is expanding its strategy in the AI sector beyond its investments in companies like Anthropic, OpenAI, xAI, and data center operators such as DayOne and CoreWeave. According to the Wall Street Journal, Coatue has created a new venture called Next Frontier with the aim of purchasing land near significant power sources to develop new data centers. The initiative is part of a growing trend as the U.S. already has around 3,000 data centers, with more than 1,500 in development, mostly in rural areas. Next Frontier has reportedly entered a joint venture with Fluidstack, a cloud infrastructure startup that signed a $50 billion deal to construct data centers for Anthropic. This move reflects the increasing interest in land acquisition and infrastructure investment to support the rapidly growing AI industry. Other major players, including Blackstone and public figures like Kevin O’Leary, are also participating in similar data center and land