Equinix, Inc., a leader in digital infrastructure, has announced a new joint venture (JV) with GIC and Canada Pension Plan Investment Board (CPP Investments) to raise over $15 billion in capital to expand its xScale data center portfolio significantly. This JV will support the rising demand for hyperscale data centers driven by artificial intelligence (AI) and cloud growth.
With the capital from this JV, Equinix plans to develop new xScale data centers on campuses exceeding 100 megawatts (MW) in capacity across the U.S., adding more than 1.5 gigawatts of new power for hyperscale customers.
Equinix CEO Adaire Fox-Martin highlighted the critical role of xScale and IBX data centers in AI and cloud infrastructure: "As the world's leading companies build out their infrastructure to support key workloads such as artificial intelligence, they require the combination of large-scale data center footprints optimized for AI training and interconnection nodes for the most efficient inferencing. Our xScale and IBX offerings are uniquely positioned to address this business need, enabling companies to realize the powerful potential of AI."
The closing of the joint venture is subject to the receipt of required regulatory approvals, which are expected to be received in the fourth quarter of 2024.
For more details, visit Equinix.
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