Exclusive-Alpha Compute to buy Pennsylvania land, gas rights for $55 million data center campus, company says

NEW YORK, Aug 11 : AI infrastructure company Alpha Compute has signed a binding term sheet to acquire land and natural gas rights in Pennsylvania for $55 million to develop a 200-megawatt data center campus, CEO Brittany Kaiser told Reuters on Tuesday.Surging demand for artificial intelligence computing is driving a scramble for power supplies across the United States, prompting data center developers to secure their own energy sources rather than wait for grid connections.Pennsylvania - with its abundance of natural gas from the Marcellus shale basin, existing power infrastructure and proximity to major population centers on the East Coast - has become one of the country's most sought-after locations for new data centers. Last year, Amazon announced $20 billion in planned investment in th