ThisWay Global plans to build a 73-megawatt AI and high-performance computing data center on the Texas A&M University System's RELLIS campus in Bryan, Texas, taking over a site whose previous developer went bankrupt, Data Center Knowledge reported Friday. The company calls the project the Research and AI Compute Center, or RACC.

What Happened

The earlier developer, which Data Center Knowledge did not name, filed for Chapter 11 bankruptcy protection in November 2025. ThisWay Global closed its transaction for the site Sept. 30, 2026. Centaurus Capital, a Texas firm, and Skylar Capital Management are among the investors backing the project alongside ThisWay Global.

The campus covers about 25 acres. Its first building is expected to provide roughly 25% of the site's total compute capacity, with the rest added in later phases. Power will come from Bryan Texas Utilities, the city-owned utility, and will be brought on in step with capacity the utility confirms. ThisWay has not disclosed how much power has been committed so far, and each phase depends on utility approvals, according to the report.

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For cooling, the facility will use a closed-loop liquid system that circulates a mix of propylene glycol and water, a design meant for high-density racks of AI accelerators. ThisWay said it will run the Amalgamy.AI software stack to enforce sovereign controls and compliance requirements on the workloads hosted there.

CEO Stephan Fabel said the RELLIS location gives the company a chance to support Texas A&M research along with the university system's industry, defense and government partners. He described the target workloads as GPU access for missions in security, health care, energy and research, Data Center Knowledge reported.

Why It Matters

The deal is an example of distressed data center projects finding new owners while demand for AI computing remains strong. A site that already has land, a university partner and a local utility relationship can move faster than a project starting from scratch, even after its first developer failed.

ThisWay is also betting on a specific kind of customer. Defense contractors, hospitals and energy companies often face rules on where data is stored and who can access it, and many cannot simply rent capacity from a public cloud region. Pairing a university research campus with compliance software aimed at those users is meant to set RACC apart from the large, general-purpose AI campuses being built elsewhere in Texas.

The Campus

RELLIS, which takes its name from Texas A&M's core values, is the university system's research and education campus on the site of the former Bryan Air Force Base. It hosts research facilities and partnerships with industry and government, which ThisWay says it wants to serve with on-site computing.

Texas has become one of the busiest U.S. markets for data center construction, and the availability of grid power has become a central constraint for new projects. That makes Bryan Texas Utilities' approvals the main factor in how quickly RACC grows beyond its first building.

What to Watch

ThisWay has not announced a construction schedule, tenants or the size of its funding. The next markers are the power the utility commits for the first phase, when that building comes online and whether Texas A&M research groups or defense and health care customers sign on as early users.