SerpApi.Org
Marilee and David Kiliti spent decades raising hogs on their 89-acre Pennsylvania farm, but they were barely scraping by. When land developers showed up two years ago offering them $22 million for their land, the couple thought they were being pranked. They never realized they were sitting on an AI goldmine.
The Kilitis are just one of 96 families in Salem Township who sold roughly 1,700 acres to QTS, a Blackstone-owned data-center company, for a combined $586 million, The Wall Street Journal reports. Existing transmission lines near a natural-gas plant and nuclear facility make the land valuable to AI companies. Neighboring landowners are now eyeing a second deal worth $1.3 billion.
Even though many towns are rejecting AI data centers, the families who sell are cashing in big. It’s proof that the AI boom isn’t just minting tech billionaires. It’s making millionaires out of hog farmers too.
Subscribe to the Entrepreneur Daily newsletter to get the news and resources you need today to help you build your business better.
