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STL Partners headline capex estimate for retrofitting liquid cooling, compared with USD 11M+/MW for greenfield liquid-cooled capacity

~$2M/MWestimate

Value kindestimate — Interpret this value according to its displayed kind, scope, source, and as-of date.
ScopeHeadline comparison from STL Partners' May 2026 release and report summary. The public release does not say what the estimate includes, and it warns that hidden costs can materially change the investment case.
CaveatSTL Partners' public release does not say what the estimate includes; it names workload migration, downtime, lost tenancy revenue and legacy infrastructure constraints as hidden costs that can materially change the investment case.
As of2026-05
SourceSTL Partners
Reviewchecking…review by 2027-02-28 · fast cadence
Recorded changeslast 2026-10-14 · 2 revisions tracked
Claim idcooling-only-liquid-retrofit-cost-power-suitable

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