Deep Blue

This New Billionaire Will Tap Fracking Wastewater To Cool AI Data Centers

David Capobianco, co-founder of Five Point, is pursuing a multi-billion dollar strategy to attract AI data centers to West Texas by leveraging fracked oil wastewater for cooling. His companies are investing heavily in consolidating water assets and partnering with oil producers to provide water, cheap land, and natural gas to data center developers. This initiative aims to utilize a waste product for a high-demand industry in a water-scarce region.