Lambda Plans Oklahoma AI Data Center With $500 Million 10-Year Tax Estimate

Is Lambda already operating the Oklahoma data center?

No. Lambda announced the project on September 27, 2026 and said it remains under development.

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Is the $500 million figure Lambda's investment in the data center?

No. Lambda says it is the project's estimated tax payments over 10 years based on current rates; the company did not disclose the facility's total capital cost.

Why does the Oklahoma project matter for Lambda?

The facility would expand Lambda's physical AI-compute capacity, supporting future training and inference demand. Lambda did not disclose the site's megawatt capacity, GPU count, customer commitments or expected revenue.

Who will pay for the data center's power and supporting infrastructure?

Lambda says it will pay 100% of the facility's electricity costs and fund the upfront infrastructure required to serve the project.

How many jobs could the project create?

Lambda estimates up to 1,000 construction jobs and up to 100 permanent positions.

When will the Oklahoma data center open?

Lambda has not disclosed an opening date. The company said planning is continuing and more information on the project timeline will be released as it progresses.