Lambda Plans Oklahoma Data Center, Projects $500 Million in Taxes
Lambda plans to build a data center in Oklahoma’s Mayes County, projecting $500 million in tax payments over a decade as the AI infrastructure provider expands its footprint.
The facility at MidAmerica Industrial Park is expected to create up to 1,000 construction jobs and 100 permanent positions, Lambda said in a Sunday announcement. The tax estimate assumes current rates. The company did not disclose construction costs, power capacity or an opening date.
Lambda said it would cover electricity and supporting infrastructure costs and use closed-loop cooling to limit water consumption. Grand River Dam Authority Chief Executive Officer Dan Sullivan said Lambda would fund the upfront infrastructure needed to serve the project, protecting other customers from those expenses.
The commitments come as Oklahoma implements its Data Center Customer Ratepayer Protection Act, intended to prevent electricity costs associated with data centers from being unfairly shifted to other customers.
The Oklahoma project follows reports of a separate expansion involving Nvidia and Hut 8 (NASDAQ: HUT)’s Beacon Point campus in Nueces County, Texas. Under the reported arrangement, Nvidia would hold the underlying lease and Lambda would install Nvidia chips to supply computing services to Anthropic. The Wall Street Journal reported that Anthropic’s agreement with Lambda was worth $35 billion.
Lambda has also raised debt to support equipment deployment. On Aug. 27, it closed a $926 million secured loan to purchase and deploy graphics-processing infrastructure for an investment-grade customer, following a $1 billion secured credit facility announced in May. The August loan is backed by equipment and associated cash flows and matures in December 2030.
The company announced a multiyear, multibillion-dollar agreement with Microsoft in November 2025 to deploy infrastructure using tens of thousands of Nvidia GPUs.
Oklahoma is attracting investment from other large technology companies. Meta broke ground on a Tulsa data center in April, representing an investment exceeding $1 billion, according to the state Commerce Department.
Lambda’s proposed facility will sit within the Chouteau-Mazie school district’s tax boundary. Further scheduling details are expected as planning advances.
