{"generated_at":"2026-10-02T09:31:03.552634+00:00","key_stats":{"computed":"2026-10-02T06:44:01.919856+00:00","constraint":23,"dcpi_score":35.4,"excess":45,"facility_count":2,"mw_reporting_count":0,"name":"Sheridan","recent_deals":[],"slug":"sheridan","state":"WY","top_operators":[{"count":1,"name":"Advanced Communications Technology"},{"count":1,"name":"DC HOST INC"}],"total_mw":0.0,"verdict":"AVOID"},"model":"claude-haiku-4-5","name":"Sheridan","narrative_md":"# Sheridan Data Center Market Analysis\n\nSheridan's data center footprint remains minimal, with only 2 tracked facilities totaling 0 MW of operational capacity. The market is split evenly between two operators\u2014Advanced Communications Technology and DC HOST INC, each managing a single site. This fragmented, sub-scale presence reflects a market still in early stages of infrastructure development, with no established anchor tenant or utility-grade deployment pattern evident.\n\nThe DCPI verdict of AVOID carries material weight for institutional investors. The excess-power score of 45/100 indicates insufficient surplus generation to support hyperscale or large cluster deployments, while the constraint rating of 23/100 suggests significant grid infrastructure limitations that would impose operational costs and expansion friction. For buyers and operators, this dual constraint means capital deployment faces both supply-side challenges (tight power availability) and demand-side friction (infrastructure upgrades needed before deployment can scale). Markets scoring below 50 on constraint metrics typically require extensive permitting work and third-party grid reinforcement\u2014outcomes that erode IRRs and extend pre-revenue periods beyond institutional thresholds.\n\nDeal flow remains entirely absent; no M&A transactions have been tracked in Sheridan's market. The lack of recent acquisition activity, combined with the two-operator, near-zero MW base, suggests limited buyer interest and weak operator conviction in the market's near-term runway. Regional markets with comparable fingerprints\u2014Sioux City, for example\u2014have demonstrated that absence of deal flow typically correlates with persistent dormancy rather than near-term reactivation. The operator duopoly offers no evidence of consolidation readiness or growth capital deployment, further narrowing paths to scale.\n\nForward deployment in Sheridan remains contingent on off-market power supply agreements or utility-level grid investment announcements that would materially improve the constraint score.","slug":"sheridan","word_count":269}