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Synapse Data Center Inc. announced plans for a one-gigawatt data center in Olds, Alberta, representing a $10 billion investment with a two-year construction timeline. The project aims to create 2,000 construction jobs and over 1,000 long-term technology positions.

The facility is designed to be 10 times larger than existing Canadian data centers and will utilize a closed-cycle natural gas system for power, independent from the provincial grid. The Town of Olds will pursue necessary regulatory approvals through relevant authorities, emphasizing the project's potential economic and technological benefits.