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Project Matter (RS 70 Land Holdings Reinvestment Zone, Triangle Ranch)

Aetheris (developer, per news); RS 70 Land Holdings, LLC (lease holder and abatement applicant, county notice); landowners Farmland Reserve Inc and Paducah 324, LLC (county notice)

In short: Location: ~15 mi east of Paducah (per news), Cottle County, Texas. Status: Proposed / in development. Developer or parties: Aetheris (developer, per news); RS 70 Land Holdings, LLC (lease holder and abatement applicant, county notice); landowners Farmland Reserve Inc and Paducah… Size: 96 MW data center building + 180 MW behind-the-meter power plant (gas turbine, substation, BESS) (county notice); Phase 1 729 acres, up to 4,252 acres incl. up to 3,710 leased… Investment: ~$1.113B estimated improvements: $912M data center build-out + $201.096M power production (county notice). Latest record (Nov 9, 2026): County calendar: Nov 9, 9:30 a.m. Public Hearing on Tax Abatement Consideration at Commissioners Court, Paducah; outcome pending. Last verified Nov 9, 2026.

Status
Proposed / in development
Developer / parties
Aetheris (developer, per news); RS 70 Land Holdings, LLC (lease holder and abatement applicant, county notice); landowners Farmland Reserve Inc and Paducah 324, LLC (county notice)
Location
~15 mi east of Paducah (per news), Cottle County
Size
96 MW data center building + 180 MW behind-the-meter power plant (gas turbine, substation, BESS) (county notice); Phase 1 729 acres, up to 4,252 acres incl. up to 3,710 leased from Farmland Reserve and 542 from another landowner (Aetheris filings via SL Tribune; matches Exhibit A parcel sums)
Investment
~$1.113B estimated improvements: $912M data center build-out + $201.096M power production (county notice)
Reported benefits
Aetheris letters promise payments to county funds for roads, emergency services, library, cemetery and schools; amount not stated (company claim, via SL Tribune / Texas Construction Hub). End user confidential (company)
Concerns / impacts
Water and electricity: Aetheris says no demand on local water or electricity and 100% of water sourced from outside Cottle County (company claim, Oct 19 letter via SL Tribune); county judge says residents have "a lot of concerns" (SL Tribune); area in drought/abnormally dry (SL Tribune)
Last verified
2026-11-09

Milestones

Figures are attributed in parentheses to the outlet or company that reported them. Where sources disagree, we show both.

  1. May 2026 Aetheris town hall at Paducah High School (county judge via SL Tribune)
  2. Oct 5 2026 county posted Notice of Tax Abatement Consideration (county certification)
  3. Oct 19 and Oct 26 2026 Aetheris open letters to residents (via SL Tribune)
  4. Nov 9 2026, 9:30 a.m. Commissioners Court public hearing and possible action on a Ch. 312 abatement agreement with RS 70 Land Holdings, LLC (county notice and calendar; outcome pending). The county notice does not name Aetheris
  5. news reports name Aetheris as the developer of the same 96 MW / 180 MW project. Abatement term up to 10 years (per Texas Construction Hub; agreement not seen)

Linked power & water

Power

  • Official record 180 MW behind-the-meter power plant (on site): Applicant anticipates a 180 MW behind-the-meter power plant with gas turbine, high voltage substation, battery storage; est. $201.096M (Cottle County notice). No TCEQ air permit found yet. cottlecountytx.gov ↗

Power and water projects tied to this data center: on-site or dedicated generation, utility and grid capacity deals, substations, water supply, reclaimed water and wastewater permits. Each item is labeled by source type.

Land, jobs & economic impact

No land purchase, jobs or economic impact figure from a deed, agreement, filing or company release has been found for this project yet.

Related records

2026-11-09
Commissioners court Official record Cottle County · Project Matter (RS 70 Land Holdings Reinvestment Zone, Triangle Ranch)

County calendar: Nov 9, 9:30 a.m. Public Hearing on Tax Abatement Consideration at Commissioners Court, Paducah; outcome pending.

Source: cottlecountytx.gov ↗
2026-11-07
News News report Cottle County · Project Matter (RS 70 Land Holdings Reinvestment Zone, Triangle Ranch)

Texas Construction Hub: Aetheris seeks up-to-10-year Ch. 312 abatement for 96 MW Project Matter; water to come from outside county (company).

Source: texasconstructionhub.com ↗
2026-11-06
News News report Cottle County · Project Matter (RS 70 Land Holdings Reinvestment Zone, Triangle Ranch)

SL Tribune: Aetheris Project Matter on LDS Church-owned Triangle Ranch land; Phase 1 729 acres, up to 4,252; residents' views divided (judge).

Source: sltrib.com ↗
2026-10-05
Tax abatement Official record Cottle County · Project Matter (RS 70 Land Holdings Reinvestment Zone, Triangle Ranch)

County notice (posted Oct 5): Nov 9 hearing on Ch. 312 abatement for RS 70 Land Holdings; 96 MW data center, 180 MW gas plant, ~$1.113B.

Source: cottlecountytx.gov ↗

Sources

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