Clarksville City Council approves $55 billion in bonds for data center (Arkansas. Population about 11,000)

The Clarksville City Council has approved the issuance of billions of dollars of bonds to support a data center currently under construction. On Thursday, the council unanimously approved two ordinances for taxable industrial development revenue bonds. The first ordinance was for up to $50 billion in industrial bonds to Hatchbo LLC, and the second ordinance was for up to $5 billion in industrial bonds to SF ARK1 LLC, which is Serverfarm. Serverfarm, the company behind the future data center, says its $6.6 billion investment includes the major mechanical and electrical systems needed to support long-term operations.