RAEDEN Project Taurus

FJI source-qualified: four-document gate met, including project-specific government evidence. Qualification evidence and decisions →

Project status: Conditional plan modification appealed; council decision deferred to April 13, 2027. Capacity scope: Utility describes up to 72 MW infrastructure; 50 MW load interpretations differ; no delivered IT MW established. How we verify evidence.

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Phase-specific evidence; approximate locality pin. Reviewed October 8, 2026.

The investment takeaway

This second Colorado entry broadens coverage to a municipal appeal and adaptive reuse in Colorado Springs. The value proposition depends on converting existing industrial electrical infrastructure into permitted customer computing; its deferred decision makes near-term delivery speculative.

Identity and duplicate control

The city identifies 3G Venture II, LLC as owner and RAEDEN as applicant at 1565 High Tech Way. RAEDEN also references 1615 Garden of the Gods Road for this development. Historical Intel factory use creates no verified current Intel ownership, customer or supplier exposure. This campus is counted once.

Official action and later delay

DEPN-26-0039 and appeals APPL-26-0003 / 0004 concern a conditional development-plan modification. The commission’s July 23 action was followed by appeals. KRDO reports the September 17 council vote, 7–2, postponing a decision to April 13, 2027; RAEDEN acknowledges it. The docket creation date is not the application filing date.

Power, cooling and demand

CPR interviews Colorado Springs Utilities about 72 MW infrastructure and roughly 50 MW consumption, while RAEDEN describes 50 MW computer load plus auxiliaries. These scopes remain inconsistent and are not operating IT MW. Closed-loop cooling and a noise wall are planned mitigations. Tenant and commercial power terms are confidential or undisclosed.

Government-record limits

The accessible city docket establishes identity and procedural actions. Linked detailed conditions/noise attachments could not be retrieved, so this review does not claim to have read full adopted terms. Reporting describes monitoring and proposed bonds; those statements remain attributed. No construction authorization, occupancy or energization is inferred.

Risks and what changes the assessment

Noise compliance, public opposition, confidential power economics, customer commitment and carrying costs drive risk. A subsequent final council action, published conditions, permit suite and service/tenant evidence would improve readiness. Further deferral, denial or developer withdrawal would weaken it. Neither an existing substation nor projected tax benefits proves delivery.

Financial significance

Our analysis: reusing a former chip factory offers infrastructure potential, but a lengthy council delay increases carrying costs and timing uncertainty. RAEDEN’s $1.7 billion regional economic-impact estimate is not project capex, financing close or revenue. Confidential utility terms prevent a defensible site-level return model.

Sources and claim verification

Structured source and government-record audit → · Reviewed October 8, 2026. Event dates and publication dates are separate.

Distinct project-specific documents; repeated releases count once. Company claims remain attributed and do not independently establish delivery.

1. City of Colorado Springs · publication date not established · reviewed 2026-10-08 · event 2026-07-23

   Official docket created June 29, 2026 identifies owner 3G Venture II, LLC and applicant RAEDEN, DEPN-26-0039 / APPL-26-0003 / APPL-26-0004. July 23 conditional modification approval and appeal denial preceded timely further appeals. Docket hearing history does not clearly establish September disposition.

   Government record →
2. RAEDEN · 2026-09-18 · reviewed 2026-10-08 · event 2026-09-17

   Developer acknowledges postponement of September 17 hearing until April 2027. Its $1.7 billion regional economic-impact estimate is a forecast, not construction budget or closed financing.

   Company disclosure →
3. KRDO · 2026-09-17 · reviewed 2026-10-08 · event 2026-09-17

   Original reporting establishes council’s 7–2 postponement to April 13, 2027. Planned noise mitigation is not completed infrastructure.

   Independent local reporting →
4. CPR / KRCC · 2026-09-16 · reviewed 2026-10-08

   Interviews utility, developer and residents. Utility describes up to 72 MW existing electrical infrastructure and about 50 MW expected consumption; developer describes 50 MW computer load plus auxiliaries. Terms confidential and tenant undisclosed. These scopes cannot be treated as delivered IT MW.

   Independent local reporting →
5. CPR / KRCC · 2026-07-24 · reviewed 2026-10-08 · event 2026-07-23

   Original reporting records July 23 commission’s 6–2 appeal denial and noise controversy. September council postponement supersedes this earlier milestone; developer bond claims remain attributed.

   Independent local reporting →