Business · Companies · 2 hrs ago
Milei seeks to attract AI data centres to Argentina’s Patagonia
President Javier Milei is pitching Argentina as a home for AI data centres, especially in Patagonia.
He is promising companies less bureaucracy and lower taxes, and says his government will not regulate artificial intelligence.
Patagonia has open land, a cool climate, strong winds and nearby shale gas, features that could help host and power large server facilities.
Polish company Green Capital plans a $3bn data centre there for technology companies to rent for AI computing.
Argentina hopes such investment could support a new economic future, but the country’s electricity network has been neglected and its data centre capacity is just 40 megawatts, compared with 400 megawatts in Chile.
Limited power capacity is a major obstacle to turning Milei’s pitch into a data centre boom.
Some skepticism is also emerging in Argentina, and the sources do not say whether the planned project will go ahead.
President Javier Milei is seeking to attract artificial-intelligence data-centre investments to Argentina’s Patagonia, offering low taxes, little regulation and open land.
Argentina hopes the technology industry could help create a new economic future after decades of economic crises.
The region offers open space, a cool climate, strong winds and access to shale gas, but its remoteness may also pose risks.
Polish renewable-energy company Green Capital plans a $3 billion data centre in Patagonia for technology companies to rent.
Argentina currently has 40 megawatts of data-centre capacity, compared with 400 megawatts in Chile, and there is scepticism about the country’s prospects.
- Who
- President Javier Milei is seeking investment from technology companies. Green Capital plans a data centre in Patagonia.
- What
- Argentina is promoting Patagonia as a location for artificial-intelligence data centres, with low taxes and limited regulation.
- When
- Milei’s campaign to attract investment was reported on November 8, 2026.
- Where
- Patagonia, Argentina.
- Why
- Argentina hopes technology investment will support a new economic future; the region also offers space and energy resources.
This story does not have two clearly opposing sides.
Data-centre developer Crusoe sought talks with Argentine energy officials about US-government-supported investments, according to documents cited by AP.
Milei spoke at the US Chamber of Commerce in Washington and said Argentina would not regulate artificial intelligence.
Reports described Milei’s effort to attract AI data-centre investment to Patagonia.
- Planned project
- Green Capital plans a data centre worth $3 billion in Patagonia.
- Argentina’s capacity
- 40 megawatts of data-centre capacity.
- Chile’s capacity
- 400 megawatts of data-centre capacity.
- Potential energy source
- The Vaca Muerta shale gas formation.
- Investment offer
- Milei promotes low taxes and little regulation.
3 sources
What people are saying
We will not regulate artificial intelligence.
We will set it free.
Being at the end of the world used to be a disadvantage.
But today, given energy shortages and rising costs, investors are looking at us.