xScale, Equinix
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 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.
Equinix Turbocharges AI And Cloud Growth With $15B Joint Venture: Expanding xScale Data Centers Worldwide
Equinix, Inc. (NASDAQ:EQIX) shares are trading lower on Thursday. On Tuesday, the company disclosed a joint venture with GIC and Canada Pension Plan Investment Board (CPP Investments). All parties have made equity commitments,
Equinix Continues Big Tech Pivot With $15B Data Center JV
The joint venture with a Canadian pension plan and GIC continues the data center REIT's push into hyperscale development through its xScale program.
Equinix Forms Joint Venture to Raise $15 Billion for Xscale
Equinix formed a Joint Venture with CPP and GIC to raise more than $15 billion for the development of xScale and expansion of the data centers in the US.
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, 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 sets up $15bn JV to build xScale data centers in the US
The CPP and GIC investment funds are backing a new JV that will build out Equinix xScale hyperscale data centers in the US.
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 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.
HSBC upgrades US data center stocks on AI demand
HSBC analysts upgraded ratings for US data center stocks Equinix (NASDAQ:EQIX) and Digital Realty (NYSE:DLR) Trust, citing ...
Equinix Agrees to Form Greater Than $15B JV to Expand Hyperscale Data Centers in the U.S. and Support Growing AI and Cloud Innovation
Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company®, today announced the signing of a joint venture (JV ...
Equinix forms US$15B JV to build AI-ready data centres
Digital infrastructure company Equinix has set up a joint venture to raise US$15 billion in partnership with GIC (Singapore’s ...