Argentina: Emerging AI Computing Hub in South America In October 2025, OpenAI signed a cooperation agreement with local Argentine company Sur Energy. The project is located in Patagonia, with a planned capacity of 500 megawatts and a maximum investment of 25 billion US dollars. As a reference, there are 45 data centers in operation throughout Argentina, with a total capacity of approximately 32 megawatts, concentrated in Buenos Aires. According to industry statistics, Argentina currently has 15 data center projects with a total value exceeding 46.4 billion US dollars. This project has more data centers than all existing data centers in Argentina combined. Policy Framework In 2024, Argentina passed the RIGI Act, which provides a 30-year policy stability guarantee for investment projects worth over $200 million in Argentina, with only a 25% corporate income tax, equipment import tariff reductions, and the freedom to export profits. In 2026, Argentina will further launch the "Super RIGI" draft, targeting data centers AI、 In the fields of lithium batteries, photovoltaic manufacturing, etc., corporate income tax has been reduced to 15%, social security contributions have been reduced to 10%, equipment imports are fully exempt from tariffs, and from the third year onwards, foreign exchange will be 100% freely disposed of. Resource distribution in Argentina San Juan Province is located at the eastern foothills of the Andes Mountains, with an annual sunshine of over 4400 hours. Its photovoltaic installed capacity accounts for more than half of Argentina's total. Neuqu é n Province has the Wakamuelta shale gas field, which has the second largest shale gas reserves and the fourth largest shale oil reserves in the world. In 2024, this gas field will account for over 70% of Argentina's national natural gas production. The Patagonian region spans provinces such as Neuqu é n, Chubut, and Santa Cruz, with great potential for wind power, lower temperatures, and advantages in cooling costs. Neuqu é n Province has been selected as the preferred location by multiple projects, citing "sufficient and low-temperature water resources for cooling". Project progress The Atlas GigaHub project of Green Capital is planned to be 3000 megawatts, constructed in three phases with a total investment of 21 billion US dollars. It has signed approximately 130000 hectares of land lease agreements and initiated an environmental impact assessment. OpenAI and Sur Energy are planning a letter of intent with a capacity of 500 megawatts and a $25 billion investment, located in Patagonia, utilizing local wind energy and low-temperature climate. The project is currently in the early stages of development. Global Benchmarking Ulanqab, China has built one of the largest AI computing clusters in the Asia Pacific region, relying on an average annual temperature of 4.3 ℃ and low-cost wind power. Texas, relying on cheap natural gas from the Permian Basin, has built its own power plants to directly supply data centers, with layouts from Microsoft, Amazon, Meta, and others. Relying on natural gas base load and BOI tax exemption policy, EEC of Thailand has attracted AWS, Google, Microsoft, ByteDance and other enterprises to settle in. Argentina's differentiated positioning is low-cost power and US stock capital channel. Capital channel Fermi America is building Project Matador in the Panhandle area of Texas, with a planned 11 gigawatts and 5236 acres. It has signed a 99 year land lease agreement with Texas Tech University. In October 2025, Fermi went public on NASDAQ with zero income and raised $682.5 million. This case validates the feasibility of the path of "self built multi energy power supply+AI park+US stock listing". Argentina can hold San Juan assets through Delaware shell companies and use RIGI policy stability to attract potential investors. Argentina has approximately 13 operational data centers with a capacity of 32 megawatts, with a relatively small base but a larger planned scale. Policies, resources, projects, and capital channels are all being promoted. Argentina AI Data Center RIGI South American Computing Power Xue Manzi