Developer says Sioux Falls data center could bring in $10.6M in annual state revenue
A California-based developer is continuing to his fast effort to bring a 500-megawatt hyperscale data center to Sioux Falls. To ease tension surrounding the controversial project, the developer spoke during a Sioux Falls Regulatory Oversight Committee meeting Monday night at Carnegie Hall downtown. “We never suggested that development shouldn't happen without oversight,” said Gemini Capital founder Michael Anvar. “We spent much of 2025 going through that extensive process with the city, and we incorporated many recommendations that came out of that. We believe Sioux Falls can protect its residents and remain attractive for substantial and private investment.” Anvar and Gemini Capital are behind Gemini Data Center SD LLC, which is proposing the data center project in Sioux Falls. Anvar confirmed that his real estate firm is not related to Google’s AI platform, which shares the same name.Anvar also confirmed that the site does not have an end user – the company that will ultimately operate the data center – though prospective end users are being explored. A final design will not be complete until an end user is selected. “Our role as the developer is to bring an experienced operator to the site,” Anvar said. “When there is a signed
