JPMorgan Chase and Japan’s Mitsubishi UFJ Financial Group are nearing a deal to co-lead a $22 billion loan for a massive data center project in Texas, according to a report by the Financial Times. The proposed financing would support the development of one of the largest data center complexes in the United States, reflecting the growing demand for infrastructure to power artificial intelligence and cloud computing. The project, which is expected to span thousands of acres, aims to provide high-capacity, energy-efficient facilities to meet the needs of major tech companies and cloud providers. While details of the agreement remain under negotiation, the scale of the financing underscores the increasing financial commitment from global banks to support the expansion of digital infrastructure. The deal highlights the strategic importance of Texas as a hub for data center growth, driven by favorable regulations, access to energy, and robust connectivity. JPMorgan and MUFG are reportedly working with developers and investors to finalize terms, with the goal of closing the financing in the coming months.