Sailfish Comanche Circle

Overview

A Nine-Campus Park Planned Without a Signed Tenant

Comanche Circle sits on ranchland near Tolar, about 45 miles southwest of Fort Worth, straddling the Hood and Somervell county line a few miles from Dinosaur Valley State Park and Vistra's Comanche Peak nuclear plant. Sailfish Digital Ventures, part of the Florida-based platform founded in 2023 by Ryan Hughes (formerly of Cushman & Wakefield and HighBrook Investors), planned five Phase I campuses totaling 3.2 GW and up to 5 GW across nine campuses.

Sailfish has not delivered a data center anywhere and has named no tenant. It reports interest from hyperscalers and offers build-to-suit or leased campuses where tenants bring their own chips.

Energy model

The Power Islands Lost Their Anchor Plant

Sailfish planned to deliver up to 600 MW of behind-the-meter (BTM) gas generation within 24 months, then the remaining 2,600 MW of Phase I in late 2027 and 2028 through more power islands and grid supply from utility partners. Another 400 acres were set aside for later small modular reactors (SMRs) and solar.

The gas anchor was NRG's proposed 2 GW Tolar Power Center. Protect the Paluxy Valley says opponents filed more than 11,000 comments on its air permit, and NRG asked TCEQ (the Texas Commission on Environmental Quality) to withdraw the application on June 18, 2026, calling it a routine review of sites. No replacement generator or permit is public. Any new on-site gas permit now falls under Governor Abbott's September 21, 2026 pause on data center permits, expected to hold until mid-December. See Behind-the-Meter Power and the Texas data center permit pause.

Deal structure

Sailfish Sells Powered Land, Not Compute

Sailfish holds the land and would develop the campuses, then sell them build-to-suit or lease them to hyperscalers and AI clouds. Power was to come from a third-party gas developer plus utility grid service; Sailfish has not named a gas partner since NRG's exit. Funding is in discussion with digital and energy infrastructure investors, and Sailfish says the full build depends on funding and customer demand.

Comanche Circle is one of 17 early-stage Sailfish campuses on about 4,700 acres, including Kyle and New Braunfels outside Austin. Sailfish has committed the project to Governor Abbott's data center standards and to funding its own interconnection under Texas SB 6 (2025), the law that set large-load rules for the Electric Reliability Council of Texas (ERCOT). See ERCOT Large Load Interconnection.

Constraints

Hood County Rejected the Settlement and the Appeal

Commissioners rejected a smaller settlement on October 13, 2026 that would have cut the Hood County footprint from about 2,523 acres to about 1,375 acres, with commitments on setbacks, cooling, lighting and road repairs. They then denied Sailfish's appeal of the county's ruling on its on-site permit applications. Hughes had warned that a rejection could lead to a lawsuit and a larger project with fewer restrictions. Protect the Paluxy Valley has said it plans a suit over golden-cheeked warbler habitat.

Related coverage

Related Coverage

• Comanche Peak Nuclear
• Amp Z (Project Lufkin)
• Data City, Texas
• Nexus Hubbard
• Texas Data Center Permit Pause
• AI Data Center Exemplars