Nexus Data Centers has filed with the Texas Department of Licensing and Regulation to develop a major data center campus in Hubbard, Hill County, a location situated south of the Dallas-Fort Worth metropolitan area and northeast of Waco.

Project Scope and Timeline

The project, identified in the filing as Nexus Apex DFW HB1, is set to span 491,380 square feet, equivalent to approximately 45,650 square meters.

The development carries a price tag of $400 million, with construction scheduled to run from January 2026 through October 2027. The address on record for the site is 357 HCR 3372 in Hubbard.

The scale of the project extends well beyond the building footprint itself. Nexus secured two senior secured credit financings for its Nexus Apex Holdings, LLC unit from Eagle Point Credit Management LLC in March to support the development of a 2,900-acre data center and behind-the-meter energy campus.

The financings were described as senior secured credit facilities.

Power and Energy Infrastructure

News of the Hubbard project first surfaced in December, when reports indicated that Nexus was targeting a 600-megawatt natural gas-powered data center at the site.

The project is structured as a behind-the-meter energy campus, meaning the facility would generate its own power on site rather than drawing exclusively from the public grid.

The 2,900-acre land footprint reflects the substantial infrastructure required to support that kind of self-contained energy generation at scale.

Financial Backing and End Users

Google is reportedly providing financial backing for the project. The facility is said to be set to serve Anthropic, the artificial intelligence company.

Neither the nature nor the terms of Google's financial involvement were detailed in the filing or in associated reporting, and the arrangement has been characterized as reported rather than formally confirmed by the parties involved.

Company Background

Nexus Data Centers is a data center developer backed by Transition Equity Partners, a North American mid-market private equity firm that specializes in energy transition infrastructure.

Transition Equity Partners was founded in 2020. The Hubbard development falls under the Nexus Apex Holdings, LLC corporate unit, through which the Eagle Point Credit Management financing was structured.