Archer Datacenters has sold its stake in its first data center project in Tennessee and acquired land for a new site in Minnesota.

One year ago, Dallas based Evoque stepped in as senior partner in a joint venture on a 61 acre site in Gallatin, where the shell of one data center stands now and there’s room for several more. Just down Gateway Drive is the Meta Platforms Inc. (Nasdaq: META) data center campus — one of the Nashville region’s signature economic development deals in the last four years.

Two hundred million dollar ($200mm) equity commitment to develop critical digital infrastructure access across the broader Nashville and Central Southeast region with the highest quality and fastest delivery timing in market for sustainably sourced, scaled colocation offerings.

A New York based company will own and operate an approximate 83,000 square foot building in Gallatin with the potential to expand up to three more buildings.

Facebook will build an $800 million state-of-the-art data center in Gallatin, the global social media technology company announced Wednesday.

In November, New York-based technology startup Archer Datacenters broke ground on its own approximately 55,000-square-foot facility off Gateway Drive in the Gallatin Industrial Center. The data center will be located on 30 acres across from Beretta U.S.A.’s firearms manufacturing plant and will neighbor the Facebook development.

There’s also a second data center project underway in Gallatin, by a developer called Archer Datacenters, which hopes to lease the facility out on a wholesale basis.

Archer looked at areas where hyperscale facilities were going up, because hyperscalers typically push for and invest in new renewable generation close to their computing facilities.

“Archer started construction in Gallatin in November and expects to complete the project this September, Bartholomai said. The future 82,000-square foot building will house about 50,000 square feet of white floor space.”

A New York-based technology startup has broken ground on a multi-million-dollar data center in Gallatin that will be powered by renewable energy.

Archer Datacenters plans to have construction of its new approximately 55,000-square-foot facility completed next year. It will be located on 30 acres off Gateway Drive in the city’s industrial park across from Beretta U.S.A.’s firearms manufacturing plant.

“We at Archer are incredibly excited to put a shovel in the ground to begin the tangible phase of this journey that started as an idea roughly two years ago,” Archer Datacenters founder and CEO Jordan Milman said during a groundbreaking ceremony Nov. 12.

Archer Datacenters has chosen DLB Associates for the design and development of its first data center outside of Nashville.

The data center, located at 1398 Gateway Drive in Gallatin, TN, is expected to open in 2020. Phase 1 of construction will feature an approximately 55,000 sq ft data hall that is expected to facilitate up to 5MW of critical IT load, expandable to close to 10MW. The building can be replicated up to three times on the roughly 30-acre site, and Archer has secured a right of first refusal on an additional 30 acres adjacent to the site. The greenfield parcel has an adjacent electrical substation with minimal existing use.

Jordan Milman built his career on Wall Street, including a role at Deutsche Bank alongside a subprime mortgage trader made famous in Michael Lewis‘ book “The Big Short,” about how the housing bubble triggered the Great Recession.

Now, Milman is investing in Gallatin — with the first of what he hopes will be several data centers across the road from the Italian gunmaker Beretta and its manufacturing plant.

Milman’s startup, Archer Datacenters, is set to buy nearly 30 acres of land on Tuesday where the company aims to open a roughly 70,000-square-foot data center in 2020. It’s a “colocation” center, which means Milman will rent space for servers and other hardware to businesses looking to securely store their data.