Raeden

Who owns it

No filing-sourced ownership yet. That means we haven’t found a filing — not that the company has no owners.

3 further ownership links are recorded, but not from a filing we can point you to, so they are not shown here.

What’s documented

• 2026-07-24otherRaeden, the developer behind Project Taurus, is a private, VC-backed company. Its lead backer is WVV Capital, a $100M Milwaukee venture fund co-founded as a joint venture by Foxconn, Johnson Controls, Advocate Health, and Northwestern Mutual; Raeden's investors also include Peter Thiel's Founders Fund. Foxconn is the same company that promised Wisconsin 13,000 jobs and $10 billion for more than $3 billion in public subsidies, then cut the jobs pledge to about 1,454 and delivered a fraction. (Foxconn does not own Raeden; it co-founded the fund that backs it.)source →
• 2026-07-24otherThe local coalition fighting Project Taurus — Integrity Matters, No Data Center COS (led by Zuri Horowitz), the Historic Neighborhoods Partnership (~15,000 homes), and the Sierra Club — coordinates the appeals, hearing turnout, and open-records requests. Integrity Matters' Project Taurus page is the public hub for the analysis and the City Council contacts.source →
• 2026-07-24otherTwo of the four corporate parents behind Raeden's lead backer have public climate commitments that sit awkwardly against a project built around 60 diesel generators. Johnson Controls — a WVV Capital joint-venture parent and, through JCI Ventures, a direct Raeden investor — has science-based targets approved by the SBTi to cut its Scope 1 and 2 emissions 55% by 2030, and is a signatory of The Climate Pledge to reach net-zero carbon by 2040. Advocate Health, another WVV parent, is a signatory of the federal Health Sector Climate Pledge, committing to cut emissions 50% by 2030 and reach net-zero by 2050. Neither company has publicly reconciled those pledges with funding a diesel-backed AI data center — a fair question to put to them.source →
• 2026-07-23otherThree basic questions about Project Taurus have gone unanswered in the public process — who it is for, how big it really is, and who is financing it. Raeden's co-founder and president publicly declined to name the AI tenant, citing a non-disclosure agreement. The project's real power demand — up to 300 MW of critical power (420 MW gross) — did not come from Raeden but from a Colorado Open Records Act request filed by a 14-year-old resident, contradicting the 50 MW the company presented publicly; the Planning Commission ultimately capped utility use at 50 MW with a requirement to return for approval before exceeding it. And the money behind the project — WVV Capital, a joint venture of Foxconn, Johnson Controls, Advocate Aurora Health and Northwestern Mutual, alongside investors including Peter Thiel's Founders Fund — is documented in the investors' own materials and in financial databases, not in Raeden's Colorado Springs application, its own project FAQ, or any of the hearing coverage.source →
• 2026-07-23regulatoryActionOn July 23, 2026, after a 14-plus-hour hearing, the Colorado Springs Planning Commission voted 6-2 to deny residents' appeals against Project Taurus — Raeden's proposed AI data center in a former Intel plant on Garden of the Gods Road — allowing it to proceed with four conditions: a 50 MW utility cap, a 30-foot noise-reduction wall, a sound-ordinance review, and energy-use stipulations. Appellants can escalate the decision to City Council. 102 people signed up to speak in opposition; about 20 in favor.source →
• 2026-07-12environmentalProject Taurus was promoted publicly as a 50-megawatt facility, but Raeden's own confidential document prepared for Colorado Springs Utilities — "1615 Garden of the Gods – Power Overview and Approach" — describes building out to "up to 300 MW of Critical Power (420 MW Gross)." The figure surfaced through an open-records (CORA) request filed by a 14-year-old resident. Separately, the city-approved mechanical design entered on May 27, 2026 (after both neighborhood meetings) is 100 MW — 60 diesel generators and 72 chillers — double the publicly promoted number. For scale, 300 MW is roughly a quarter of Colorado Springs Utilities' all-time record grid peak of 1,034 MW (July 20, 2026), and about as much electricity as every household in the city combined.source →
• 2026-07-08regulatoryActionThe land-use fight is not the only venue. In Colorado, large diesel-generator fleets generally need an air permit from the state Air Pollution Control Division, which opens a public-comment period — a second point of leverage on Project Taurus's roughly 60 generators. The in-state precedent is close: QTS's Aurora data center, already running about 40 diesel generators, applied in 2025 to add 98 more, and after Colorado Public Radio asked regulators about its construction, the APCD said it would open a compliance investigation. That window may be narrowing — in July 2026 the EPA proposed dropping the federal 30-day public-notice requirement for the "minor source" air permits most data-center generators use, leaving notice to the states. Whether Taurus itself will trigger an APCD permit and comment period is not yet confirmed on the record.source →
• 2026-07-03otherCommunities are increasingly saying no to projects like this. In April 2025, Pittsylvania County, Virginia's Board of Supervisors voted 6-1 to deny the rezoning for a 3,500 MW gas plant and data-center campus; days earlier, a report prepared for the Southern Environmental Law Center by researchers in Harvard's Dominici Lab had estimated the plant would emit at least 326 tons of fine-particle pollution a year, expose more than 17,500 residents (over one in four in the county), and drive about $31 million a year in health costs. When the developer tried to withdraw its application a week before the vote, the board refused and forced the decision. In July 2026, Virginia's "Digital Gateway" — up to 37 data centers near Manassas Battlefield — was permanently abandoned after the developer dropped its final appeal, ending a five-year fight; and commissioners in Douglas County, Georgia voted down a roughly 700-acre data-center campus.source →
• 2026-07-01environmentalRaeden says Project Taurus uses closed-loop cooling requiring about 200,000 gallons of water once to fill and then "zero gallons" for daily cooling, plus 200-400 gallons/day for staff. Opponents (Integrity Matters) do not dispute the low on-site figure but demand an independent, full-lifecycle water study and flag the risk of cooling glycol seeping into groundwater in a semi-arid region — noting Colorado Springs draws roughly 70% of its water across the Continental Divide from the drought-strained Colorado River basin. The tradeoff the "zero water" claim hides: closed-loop cooling lowers water use by raising electricity use, and per Lawrence Berkeley National Lab the power behind U.S. data centers consumes an estimated 12 times more water upstream than their direct cooling.source →
• 2026-07-01otherRaeden has put a set of specific, measurable promises in writing — the kind that can be checked later. On its own project FAQ, the company says the backup generators will run "only in the event of a power outage" plus routine testing "lasting no more than 30 minutes once monthly," with emissions controls bringing nitrogen oxides to "near-zero"; that property-line sound will sit at 40–45 dBA, comparable to a quiet office; that daily cooling uses "zero gallons of water" after a one-time fill of about 200,000 gallons; and that it has already shared plans, studies and water bills with the cities of Gibraltar, Michigan and Colorado Springs. These are Raeden's own representations, not independently verified — but they are commitments residents and regulators can hold the finished facility to.source →
• 2026-06-24otherCommunity opposition to Project Taurus has been sustained and organized: about 100 residents protested at City Hall on June 24, 2026; five formal appeals (APPL-26-0003 through APPL-26-0007) were filed against the administrative approval; and 102 people registered to speak against the project at the July 23 Planning Commission hearing. Lead appellants Katherine Kent and Ron Graham-Becker (Chelsea Glen), plus Integrity Matters, No Data Center COS, the Historic Neighborhoods Partnership (~15,000 homes), and the local Sierra Club are coordinating the opposition.source →
• 2026-05-29otherA class-action lawsuit in Birmingham, Alabama offers a rare look at how Raeden entities operate. In an amended complaint, Oxmoor Valley residents suing over Nebius's 300 MW "AI Factory" added Raeden RE, LLC and 201 Milan Birmingham, LLC as "developer defendants," alleging they were short-term holding companies that briefly owned Milan Parkway parcels and resold them at a markup to a Nebius affiliate. The suit alleges an "acquisition cascade" in which land bought from third parties for roughly $20 million was, through same-day resales, booked at around $90 million — in one instance a parcel bought for $17.2 million was resold 16 minutes later for $27 million and later carried at about $83.5 million. These are allegations in active litigation, not proven facts. The pattern the plaintiffs describe — quietly assembling a site through LLCs, then flipping it to a hyperscale AI-cloud tenant whose lease finances the build — is the same shape as the "name your tenant, or admit there isn't one" question at the center of Project Taurus.source →
• 2025-04-28environmentalBefore Project Taurus had a name, the site was already being marketed as a data center. The Marcus & Millichap broker Offering Memorandum for 1615 Garden of the Gods Road, dated April 2025, brands its cover "DATA CENTER | ADVANCED MANUFACTURING | LEASE OR PURCHASE OPPORTUNITY" and markets "70 megawatts of existing power capacity, expandable to 90+ MW" at "5.6 cents per kilowatt hour, subject to arrangement with utilities company CSU." That 70–90 MW is the grid capacity already in place. Raeden's own confidential planning document, later released under an open-records request, describes needing "up to 300 MW of Critical Power (420 MW Gross)" to fully build out the site — roughly four to six times the marketed grid capacity in new CSU infrastructure. The same site now carries four different power numbers across the public record: 50 MW (publicly permitted), 70–90 MW (existing grid), 100 MW (approved mechanical drawing) and 300/420 MW (confidential buildout target).source →
• 2019-05-01otherThe Garden of the Gods Road site already has a noise-complaint record. Beginning in October 2018, the former Intel complex's owner, 3G Venture II, ran part of the property as a Bitcoin-mining operation, filling three of its buildings (about 85,000 square feet) with mining computers. The cooling fans drew resident noise complaints, and in May 2019 the City of Colorado Springs issued a violation notice after sound tests measured levels marginally above the city's 50-decibel residential limit. 3G Venture II filed for Chapter 11 bankruptcy in December 2020. The precedent matters because the central quality-of-life concern about Project Taurus — the hum of large-scale cooling on this exact parcel — has already happened here once.source →

What we’ve classified so far

• environmental damage3
• misleading claims1

10 further documented actions have not been classified yet. These counts show what we have got to, not a total.