US Datacenter
Real Estate
BDG2 is a private investment vehicle acquiring US real estate and converting it into datacenters. We pursue greenfield builds, brownfield conversions, and existing-asset acquisitions across the continental United States.
Thesis
US compute demand is outrunning interconnection queues and power-deliverable square footage. Existing industrial real estate — much of it already adjacent to substations, fiber, and water — is the fastest path to operational capacity. BDG2 sources, underwrites, and converts these assets into US-located datacenters.
Three acquisition paths
Path-agnostic. We underwrite each opportunity on its own merits — site, power, fiber, water, and timeline.
Brownfield Conversion
Industrial sites with existing power, water, and structural capacity. Highest leverage on speed-to-power. Primary focus.
Greenfield Development
New construction on entitled land adjacent to transmission and fiber. Selected when permitting and interconnection timelines clear the bar.
Existing-Asset Acquisition
Operating datacenters and partially built sites with capacity to expand. Buy, upgrade density, and grow into the same envelope.
Disciplined Underwriting
Each site is evaluated against a structured framework: power delivery, fiber diversity, structural capacity, cooling feasibility, and regulatory pathway.
Talk to BDG2
For investors, sellers, brokers, and operating partners. Inquiries are reviewed by the partners.