Close Menu
Fin Street NewsFin Street News
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
  • More Articles

Subscribe to Updates

Get the latest finance and business news and updates directly to your inbox.

Trending
Jamie Dimon says the dollar could lose reserve-currency status if the US loses its economic and military edge

Jamie Dimon says the dollar could lose reserve-currency status if the US loses its economic and military edge

August 10, 2026
I spent 15 years chasing my dream of designing planes. I gave it up to help revive rural Japan.

I spent 15 years chasing my dream of designing planes. I gave it up to help revive rural Japan.

August 10, 2026
Kevin O’Leary said he messed up the messaging on his massive Utah data center plan

Kevin O’Leary said he messed up the messaging on his massive Utah data center plan

August 10, 2026
Gen Z is bringing pen and paper back to the workplace

Gen Z is bringing pen and paper back to the workplace

August 10, 2026
Taiwan is drilling to keep interceptor fighters flying through attacks on its runways just 90 miles from China

Taiwan is drilling to keep interceptor fighters flying through attacks on its runways just 90 miles from China

August 10, 2026
Facebook X (Twitter) Instagram
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
August 10, 2026 2:56 am EDT
|
Facebook X (Twitter) Instagram
  Market Data
Fin Street NewsFin Street News
Newsletter Login
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
  • More Articles
Fin Street NewsFin Street News
Home » Kevin O’Leary said he messed up the messaging on his massive Utah data center plan
Kevin O’Leary said he messed up the messaging on his massive Utah data center plan
Markets

Kevin O’Leary said he messed up the messaging on his massive Utah data center plan

News RoomBy News RoomAugust 10, 20260 ViewsNo Comments

Kevin O’Leary says he could have done a better job selling his plan for a hyperscale data center to the people of Utah.

In an interview with MS NOW, released on Thursday, the “Shark Tank” investor talked about how he and his team did not properly communicate plans for the Stratos data center project in Box Elder County with residents, and “really screwed this up.”

“I have no interest in causing an environmental disaster on my legacy,” he said. “That’s never going to happen. There’s zero probability that’s going to happen.”

O’Leary added that he and his team were planning to be more transparent, sharing plans for a one-gigawatt facility and what the heat, noise, and water impact of this facility would look like. Critics can extrapolate the impact of his fully built data center from those plans, he said.

The original plan for his data center was gargantuan — occupying a full 40,000 acres of land. This would require up to nine gigawatts of energy, O’Leary said in an April interview with The Wall Street Journal.

However, the plan drew strong criticism from residents in the region, environmental activists, and local lawmakers. Utah Senate President J. Stuart Adams posted an open letter that he sent to O’Leary in June, calling for a 75% reduction in the proposed data center’s size.

Following the uproar, O’Leary pledged to reduce the size of the development and to offer greater transparency regarding the project’s construction.

He said in the MS NOW interview that he has a lot of work to do and apologized to the residents of Box Elder.

“If I’ve said anything that offends you, yes, I apologize. If I’ve done anything that you think has been unfair, I apologize. But I also, with that, would say I want you to lend an open ear to what I’m going to show you in the months ahead,” he said.

However, O’Leary has stood firm on his decision to build a data center in Utah, saying in the MS NOW interview that although some people may view him as a “bad shark,” he plans to become a “major contributor” to the local economy.

O’Leary has also been posting on social media about the data center and his plans for the area.

In a post on LinkedIn last week, the investor wrote: “Data center developers have to earn the trust of the communities where we build, and that starts with complete transparency.”

“That’s exactly what we intend to do in Box Elder. We have work to do to earn the community’s support, but the facts will be public, from water and power to jobs and tax revenue,” he wrote. “If you want to build in a community for decades, you have a responsibility to become an asset to it.”

As of the end of 2025, there were 1,416 data centers built or approved for construction in 45 US states and Washington, DC, according to Business Insider’s data center tracker.

Representatives for O’Leary’s venture capital firm, O’Leary Ventures, did not respond to a request for comment from Business Insider.



Read the full article here

Share. Facebook Twitter LinkedIn Telegram WhatsApp Email

Keep Reading

Jamie Dimon says the dollar could lose reserve-currency status if the US loses its economic and military edge

Jamie Dimon says the dollar could lose reserve-currency status if the US loses its economic and military edge

Taiwan is drilling to keep interceptor fighters flying through attacks on its runways just 90 miles from China

Taiwan is drilling to keep interceptor fighters flying through attacks on its runways just 90 miles from China

Taylor Farms issued a recall for over a dozen items, including salsa and guacamole, over Salmonella risks

Taylor Farms issued a recall for over a dozen items, including salsa and guacamole, over Salmonella risks

I make charcuterie boards for a living. Here are my 7 secrets to creating the best spread.

I make charcuterie boards for a living. Here are my 7 secrets to creating the best spread.

I told my kids the TV was broken. Four months later, I’m still pretending.

I told my kids the TV was broken. Four months later, I’m still pretending.

How Cursor recruits elite AI engineers when huge salaries aren’t enough

How Cursor recruits elite AI engineers when huge salaries aren’t enough

A woman built her parents a 725-square-foot cottage in her backyard so they could be closer to their grandchildren

A woman built her parents a 725-square-foot cottage in her backyard so they could be closer to their grandchildren

Ikea is growing its resale business. It’s attracting bargain hunters and design nerds.

Ikea is growing its resale business. It’s attracting bargain hunters and design nerds.

We saw Beta Technologies’ autonomous aircraft for the battlefield. Meet the MV250.

We saw Beta Technologies’ autonomous aircraft for the battlefield. Meet the MV250.

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

I spent 15 years chasing my dream of designing planes. I gave it up to help revive rural Japan.

I spent 15 years chasing my dream of designing planes. I gave it up to help revive rural Japan.

August 10, 2026
Kevin O’Leary said he messed up the messaging on his massive Utah data center plan

Kevin O’Leary said he messed up the messaging on his massive Utah data center plan

August 10, 2026
Gen Z is bringing pen and paper back to the workplace

Gen Z is bringing pen and paper back to the workplace

August 10, 2026
Taiwan is drilling to keep interceptor fighters flying through attacks on its runways just 90 miles from China

Taiwan is drilling to keep interceptor fighters flying through attacks on its runways just 90 miles from China

August 10, 2026
Rhaenyra in ‘House of the Dragon’ is starting to sound a lot like Daenerys in ‘Game of Thrones.’ The showrunner says that’s the point.

Rhaenyra in ‘House of the Dragon’ is starting to sound a lot like Daenerys in ‘Game of Thrones.’ The showrunner says that’s the point.

August 9, 2026

Latest News

Taylor Farms issued a recall for over a dozen items, including salsa and guacamole, over Salmonella risks

Taylor Farms issued a recall for over a dozen items, including salsa and guacamole, over Salmonella risks

August 9, 2026
The ‘House of the Dragon’ showrunner unpacks Ormund’s fate, Daeron’s much-debated hair, and the ‘scrutiny’ he expects for the series finale

The ‘House of the Dragon’ showrunner unpacks Ormund’s fate, Daeron’s much-debated hair, and the ‘scrutiny’ he expects for the series finale

August 9, 2026
I make charcuterie boards for a living. Here are my 7 secrets to creating the best spread.

I make charcuterie boards for a living. Here are my 7 secrets to creating the best spread.

August 9, 2026

Subscribe to News

Get the latest finance and business news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2026 © Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.