EdgeCore Digital Infrastructure has secured almost $2 billion in equity investment.
The company this week announced the completion of a $1.9 billion capital investment.
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EdgeCore said the capital raise was "significantly oversubscribed" and conducted in conjunction with multiple global co-investors, anchored by a "sizeable contribution" from returning investor Partners Group.
“The financial requirements for building data centers designed to meet the density specifications of artificial intelligence are staggering and demand the right combination of industry expertise and investment,” said Lee Kestler, CEO, EdgeCore Digital Infrastructure.
“EdgeCore executed our 2023 forecast well ahead of plan and we are prepared to utilize this $1.9 billion investment to continue meeting the exploding demand for high-density data center space required by our hyperscale customers.”
The proceeds will fund the continued development of hyperscale data center space across the company's portfolio.
Launched in 2018, EdgeCore was acquired by Partners Group in 2022. The initial $1.2 billion capital investment made by Partners Group in conjunction with the acquisition has been fully committed.
The company has campuses planned in Ashburn and Culpeper, Virginia; Silicon Valley, California; Phoenix, Arizona; and Reno, Nevada.
The company had already secured more than $2 billion in financing this year to fuel its build-out.
