CoreWeave Inc., Cerebras Systems Inc. and BCE Inc. confirmed plans to develop a 300-megawatt data center on the southern edge of Regina, Saskatchewan, dedicated to artificial intelligence compute.
The facility will comprise four data center halls and is being staged so that the first phase is expected to begin operations in the first half of next year. Cerebras has secured 160 megawatts of capacity as a tenant, while hyperscaler CoreWeave has taken 140 megawatts. CoreWeave has said its compute will be powered by Nvidia graphics processing units.
Montreal-based BCE will fund the build of the halls, planning an investment of C$1.7 billion for construction. The company said the project could create roughly C$12 billion in economic value over time, a figure it also expressed in U.S. dollars as about $8.7 billion.
At the same time, BCE adjusted its free cash flow outlook amid the capital requirements of the project. The company cut its free cash flow guidance for 2026, and now expects free cash flow to reach no more than C$2.3 billion this year, down from a prior forecast of up to C$3.5 billion.
BCE described the data center as an asset that will contribute to revenue expansion and earnings power in coming years. In an interview, Chief Executive Officer Mirko Bibic noted that industry valuation standards price compute hardware at approximately C$35 million per megawatt. Applying that metric to this 300-megawatt site would equate to about C$10.5 billion in compute hardware value.
Operational and financial mechanics
The development partners have allocated the 300 megawatts between Cerebras and CoreWeave, matching tenant demand to the planned supply. CoreWeave’s disclosed use of Nvidia GPUs identifies the specific compute architecture that will be deployed in its portion of the site.
BCE’s construction commitment focuses on the physical build-out of the four halls, while the company also signaled that the near-term cash-flow profile will be affected by the project’s funding requirements.
Outlook
Project proponents emphasize the long-term revenue and earnings potential the site could deliver. BCE’s comment about industry-standard per-megawatt compute valuation provides a further lens on the scale of hardware investment associated with the campus.