Secondbloom Auctions Moves Into Data Centers As Canceled Projects Top $260 Billion In 2026

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Industrial standby generators sold by SecondBloom in a previous auction. Photo: SecondBloom Auctions

The firm behind the Bowery Farming and Eden Green liquidations launches a practice selling stranded data center equipment for lenders, developers and estates.

CHICAGO, IL, UNITED STATES, November 10, 2026 /EINPresswire / -- SecondBloom Auctions today announced that it is expanding into data centers, offering auction, sealed-bid and whole-facility sales of data center infrastructure for secured lenders, private credit funds, developers, operators, receivers and bankruptcy trustees.

The move comes as the data center boom meets its first hard stop. At least $260 billion of data center investment was canceled after local opposition in 2026 through early October, including about $130 billion in the third quarter alone, according to Heatmap Pro data reported by Heatmap News.

Voters added new pressure on November 3. Of 41 local data center measures on ballots in 10 states, voters sided with limiting data center development in all but one, according to Ballotpedia.

Lenders are already moving to reduce their exposure. ING is reportedly seeking buyers for a portfolio of 12 data center loans worth about $500 million, with bids due November 19, according to Bloomberg. The portfolio includes a $25 million slice of the Stargate campus in New Mexico, the AI venture backed by OpenAI, SoftBank and Oracle, and DatacenterDynamics called it the first sale of its kind at that scale made up entirely of data center debt. JPMorgan Chase and Morgan Stanley were reported by the Financial Times earlier this year to be exploring sales of data center construction debt to non-bank lenders ( ).

"Every canceled data center leaves behind a power plant's worth of equipment that somebody already paid for," said Blake Lange, Co-Founder and Managing Partner of SecondBloom Auctions. "Generators, switchgear and chillers are sitting in yards and half-built shells while the loans behind them come due. A data center runs on the same power and cooling backbone as the indoor farms we have been liquidating, and the people holding that equipment need a fast, transparent sale, not a fire sale."

That stranded equipment is the same equipment the rest of the industry is waiting on. Medium-voltage switchgear that shipped in about 24 weeks before the pandemic now takes 52 to 80 weeks, according to procurement data published by Terrapin Construction Group, and Bloomberg has reported, citing Sightline Climate, that 30 to 50 percent of planned 2026 U.S. data center capacity could slip or be canceled because transformers, switchgear and related gear cannot be delivered on time.

"The equipment doesn't know the project got canceled," Lange said. "A two-megawatt generator that was headed for a data hall works just as well at a hospital, a factory or the next data center down the road, and the buyer skips a year-long lead time."

SecondBloom built its business selling this kind of infrastructure out of failed and closing indoor farms. The firm ran the liquidation of Bowery Farming's $70 million vertical farm in Locust Grove, Georgia, in November 2025, and a 500-plus-lot sale for Eden Green Technology in Cleburne, Texas, on behalf of its secured lender, closing in April 2026. It is currently offering the Planted Detroit campus by sealed bid.

The new practice covers:
- Power: standby generators, switchgear, transformers, automatic transfer switches and UPS systems
- Cooling: chillers, cooling towers, CRAH and CRAC units, and liquid-cooling equipment
- Facility infrastructure: racks, containment, busway, fire suppression and modular data halls
- IT hardware: servers, storage and networking gear, with data destruction handled by certified ITAD partners
- Whole sites: stalled construction sites, finished campuses and the land and buildings under them

SecondBloom runs online auctions, sealed-bid sales, UCC Article 9 dispositions, and sales in receivership and in Chapter 11 and Chapter 7 bankruptcy, all on its own auction platform, with removal handled by designated rigging contractors.

Lenders, developers and trustees with stranded data center assets can reach SecondBloom at secondbloomauctions/datacenters or....

About SecondBloom Auctions
SecondBloom Auctions (Lange Group Capital Inc.) is a specialized auction and asset disposition firm for controlled-environment agriculture, industrial equipment and data center infrastructure. The firm conducts online and sealed-bid sales, UCC Article 9 dispositions, receivership and bankruptcy sales, and whole-facility and real estate sales for operators, secured lenders, receivers and trustees. SecondBloom Auctions was founded in 2023; its parent company, Lange Group Capital, has operated for more than 10 years. The firm is based in the Chicago area.

Blake Lange
SecondBloom Auctions
+1 312-497-6522
...

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