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SB Energy S-1 Reveals 8.8GW Data-Center Capacity Contracted or Under Construction and $430B Backlog

Summary

SB Energy's IPO filing discloses 8.8GW of data-center capacity either contracted or under construction across Texas and Ohio and a $430B data-center segment backlog — concrete build-out figures for the SoftBank-affiliated developer that recently issued $5.5B in warrants to OpenAI. The filing sizes the pipeline behind the OpenAI Stargate-style compute buildout and marks the first hard capacity number for the operator.