Cloud Capital Sleep Number HQ data center conversion
Minneapolis, Hennepin County, MN
Cloud Capital Sleep Number HQ data center conversion is an operating data center in Minneapolis, MN, run by Cloud Capital / Arcapita. The record lists a reported investment of $235 million. Data center investor Cloud Capital (with Arcapita) bought the downtown Minneapolis Sleep Number headquarters for $235M (Jan-Feb 2026) to convert it into a data center, part of a push to fill downtown office vacancies with compute. Conversion planning underway; no construction reported. (Source dated 2026-02-19.).
Project status
- Announced
- Permitting
- Under construction
- Operational
Recorded changes
Nothing recorded yet. Follow this project to hear when something changes.
Community sentiment
This data center is operating.
The stance question is asked on projects still ahead.
What’s next
Election Day is in 11 days.
1:00 AM · Minneapolis, MN
North Minneapolis & North Metro: Brooklyn Center planning commission meetings
Latest news
Nothing written about this data center yet.
Stories about it, and about Hennepin County, MN, land here.
Records and documentation
Minnesota state legislation
- SB439 - Municipal data center zoning standardsSets municipal data center zoning noise limits, setbacks, and electrical capacity requirements.Download
- HF4512 - Public hearings/disclosure before data center approvalRequires public hearings and disclosures prior to approval of data center development.Download
- HB8094 - FTC AI training data disclosure requirement billDirects the FTC to establish requirements for public disclosure of AI training data and algorithms.Download
- SB596 - Data center energy administration and permitsGoverns data center energy administration, utility regulation, fees, and permits.Download
- HB1030 - Data Center Development regulationRegulates data center development.Download
- HF4888 - Data Center Moratorium and PUC Study ActEstablishes a data center moratorium alongside a Public Utilities Commission study.Download
- Data Center Moratorium (six months)Minneapolis City Council approved a six-month moratorium (with a downtown carve-out) for data centers over 350,000 sq ft, enacted May 21, 2026.Download
- SB1488 - Data Center Moratorium ActEstablishes a moratorium on data centers.Download
- County Ordinance 26-2 (Emergency Moratorium)Wright County, Minnesota emergency moratorium on data centers across all 18 townships, enacted May 19, 2026 for up to one year.Download
- SF769 - Certain data centers tax exemption modificationDescription comingDownload
- SF3968 - Data centers provisions modificationDescription comingDownload
- HF2928 - Preapplication filings for large water appropriation projects required, permit application information for large water appropriation projects added, level of environmental review for data centers specified, data centers exempted from making financial contributions to an energy conservation and optimization plan, and other data center provisions modified.Description comingDownload
- SF5231 - Data centers tax exemption repeal; contingent reduction in special education aid appropriation repealDescription comingDownload
- SF4681 - Various data center exemptions and provisions modificationsDescription comingDownload
- SF1393 - Data center energy generation redundancy establishmentDescription comingDownload
- HF4153 - Criteria for preapplication evaluations of water appropriations for data centers modified, data centers' electricity sales exempted in calculating a utility's solar energy standard, and data centers exempted from paying sales tax on electricity purchases.Description comingDownload
- HF4990 - Criteria for preapplication evaluations of water appropriations for certain data centers modified, data centers' electricity sales exempted in calculating a utility's solar energy standard, other data center exemptions provided, and data center energy generation redundancy provided.Description comingDownload
- SF3265 - Sales and use tax exemption for data centers repealDescription comingDownload
- HF5125 - Data centers sales and use tax exemption repealed, and contingent reduction in special education aid appropriations repealed.Description comingDownload
- SF5100 - Data centers provisions modificationsDescription comingDownload
- HF28 - Data center energy generation redundancy provided.Description comingDownload
- HF3304 - Sustainable aviation fuel income tax credit and exemptions for data centers and construction of sustainable aviation fuel facilities repealed, increased general fund amounts reallocated from repealed tax provisions to increase the renter's credit, and corresponding technical changes made.Description comingDownload
- HF1277 - Data centers sales and use tax exemption modified.Description comingDownload
- HF4173 - Certain defined terms maintained, and data center exemptions modified.Description comingDownload
- SF4203 - Exemption of data centers modification for sales and use taxDescription comingDownload
- HF4888 - New data center moratorium established, and Public Utility Commission required to submit a report.Description comingDownload
- SF4298 - New data center moratorium established, and Public Utility Commission required to submit a reportDescription comingDownload
Site details
- Operator
- Cloud Capital / Arcapita
- County
- Hennepin County, MN
- Address
- Minneapolis, MN
- Stage
Capacity and size: not on file
Map
Photos
RenderingRendering: The Business Journals
Minneapolis data center moratorium: City council to vote on temporary pause amid environmental concernsFOX 9
An $8 billion Treasury break helped Meta’s tax rate hit 2%. Senators want data center tax answersFortune
The states with the fewest and most data centers, rankedBusiness Insider
Finns Are Seething After Google Illegally Toppled 250,000 Trees for a Data CenterMother Jones
Google offer to pay others to help data center powerArkansas Online
This bill would make data centers pay their own way for powerSalt Lake City Deseret News
Other data centers near Minneapolis
For data center developers
