Exhibit 2 · Project signal
Microsoft Mount Pleasant (Foxconn site)
Data Center · Under Construction
ISO/RTO:MISOConfidence:Medium
- Status
- Under Construction
- State
- WI
- County
- Racine
- Nearest city
- Mount Pleasant
- Utility
- American Transmission Co. / MISO (Wisconsin)
- Developer / owner
- Microsoft
- Estimated load
- 900 MW
- Estimated generation
- Not disclosed
- Reported capex (as cited)
- ~$7.3B total per state filings (~$3.3B spent on Project Fairwater plus ~$4B more pledged)
- Announced
- 2025
- Expected COD
- Phased; Phase 1 ~400-450 MW; build-out approaching ~900 MW; projected up to ~3,300 MW by late 2027 across four buildings
- Public summary
- Microsoft data center development on the former Foxconn site in Mount Pleasant, Racine County. First phase fully operational as of mid-2026. Build-out approaching ~900 MW; projected up to ~3,300 MW by late 2027 across four buildings. Oracle is separately challenging Wisconsin PSC rules requiring hyperscale developers to post hundreds of millions in financial security — an early legal test of state risk-allocation tariffs. (Data Center Knowledge, July 2026.)
- Grid relevance
- Large-load growth in the upper Midwest within MISO's footprint. Wisconsin's hyperscaler security-posting rules are one of the first state-level tests of who bears financial risk for large-load buildouts.
- Last updated
- 2026-06-17
- Sources
- Blackridge Research: Top upcoming US data centersPulled 2026-06-17https://www.blackridgeresearch.com/blog/upcoming-largest-data-center-projects-in-united-states-usa
- Epoch AI: Fairwater power usagePulled 2026-06-17https://epoch.ai/data-insights/fairwater-power-usage
- Data Center Frontier: Fairwater blueprintPulled 2026-06-17https://www.datacenterfrontier.com/hyperscale/article/55317925