Who's Really Behind the Okmulgee Data Center?
This video investigates the entities behind a proposed data center in Okmulgee, Oklahoma, which has had limited public disclosure. It uncovers that FluidStack is the public face and Jane Street a client, but the land acquisition involves entities like Three Rivers Manufacturing LLC, Frontier Holdings AIV, and Frontier Development Holdings LP. These entities are ultimately linked to billionaire investor Philippe Laffont and his company Coatue Management, revealing the financial backing of what could be one of Oklahoma's largest developments.
The video explores the entities behind a proposed data center in Okmulgee, Oklahoma, citing a lack of public information. The investigation utilized land records from Okmulgee County and information from the Oklahoma Secretary of State and Delaware state records to trace the ownership structure. While FluidStack, a New York City-based AI cloud platform and data center operator, is the public face of the project and Jane Street is identified as the first client, the land acquisition involved a more complex web of companies.
The land for the Okmulgee project was assembled through purchases from local landowners, with entities like Pine Properties LLC involved. Key to the investigation was the identification of Three Rivers Manufacturing, a Delaware LLC, which acquired and now holds most of the project site near Deep Fork Wildlife Refuge. Public records also showed land acquisition by Frontier Holdings AIV before transfer to Three Rivers Manufacturing.
Further research revealed Frontier Development Holdings LP, identified as Next Frontier, as the managing member of Frontier Holdings AIV. This entity is part of a joint venture with FluidStack for a major AI data center project in New Lebanon, Indiana, which is already under construction.
Ultimately, the investigation pointed to billionaire investor Philippe Laffont, president and head of private investments at Coatue Management, as a key figure behind the land acquisition. Laffont was authorized to sign documents for Frontier Holdings AIV and his company, Coatue Management, is working with FluidStack on these projects. Laffont has acknowledged potential "pushback" regarding land acquisition for such developments.