Equinix forms JV with GIC, CPP Investments to raise $15B for future xScale projects
Addressing increasing growth in artificial intelligence and the cloud, Equinix (NASDAQ:EQIX) said Tuesday it's formed a joint venture with GIC and Canada Pension Plan Investment Board to raise more than $15B in debt and equity in a bid to accelerate the Equinix xScale data center portfolio.
GIC, CPP Investments and Equinix form US$15 billion joint venture
Singapore sovereign wealth fund GIC Pte Ltd has signed a joint venture agreement with digital infrastructure company Equinix, and the Canada Pension Plan Investment Board (CPP Investments) to raise US$15 billion to expand data centres in the US.
Equinix raises $15B in new capital to invest in xScale data centers to meet AI demand
Equinix has raised $15 billion in funding to expand its xScale data centers for AI, particularly for investments in the U.S.
Equinix, GIC, and CPP Form $15B Data Center JV
Equinix and GIC have cooperated in multiple joint ventures in the past in Asia, the Americas, and Europe. The introduction of CPP Investments, one of the 10 largest pension funds in the world, is notable not just for the amount of capital they can bring to a project, but the wide and deep sets of business connections it has throughout the world.
Equinix Turbocharges AI And Cloud Growth With $15B Joint Venture: Expanding xScale Data Centers Worldwide
Equinix recently disclosed a joint venture with GIC and CPP Investments to raise over $15B for expansion of hyperscale data centers in US and support AI and cloud services. Equinix CEO states potential for AI growth.
Equinix signs $15 billion JV to build AI data centers in US
The investment will be used entirely on U.S.-based xScale buildouts, ultimately adding more than 1.5 gigawatts of new capacity, said Equinix.
Equinix, CPP, GIC Enter JV To Nearly Triple Investment Capital Of Equinix XScale Program
Equinix (EQIX) has signed a joint venture agreement, in the form of a limited liability partnership with GIC and Canada Pension Plan
Equinix, CPP Investments and GIC launch $15bn US data centre venture
Digital infrastructure company Equinix has formed a partnership with Canada Pension Plan Investment Board (CPP Investments) and Singapore sovereign wealth fund GIC to invest more than $15bn (€13.6bn) in US data centres over time.
Equinix signs $15 billion joint venture to build U.S. data center infrastructure
Data center firm Equinix is forming a joint venture with Singapore's sovereign wealth fund GIC and Canada Pension Plan Investment Board with goals to raise more than $15 billion in capital, the company said on Tuesday.
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