Nscale / Ionic Digital: Ward County / Cedarvale campus campus, October 2025

Announced Oct 14, 2025 · 234 MW · Undisclosed

Ionic leased its full 234 MW Ward County capacity to Nscale for an AI/HPC campus. Its filing says the powered campus has operated since 2023 and monthly lease payments began in August 2026. The 234 MW is site power, not customer IT load. The campus announcement's approximately 240 MW figure is not added as a second record.

First-capacity target: not disclosed

Reported delivery: Ionic reports operating leased capacity; monthly rent began. 234 MW. Ionic states the Ward County campus is energized and operating and reports rent commencement for the 234 MW Nscale lease in August 2026. This verifies facility capacity under lease, not Microsoft GPU service delivery.