A London-headquartered data centre firm today said it had secured $2.7bn in financing, with the funds earmarked to expand across Europe and the Middle East amid soaring AI workload demands.
Pure Data Centres (Pure DC), which is backed by Oaktree Capital, purchases land to build data centres, which are then leased out to hyperscalers to run AI and cloud workloads.
Hyperscalers include the likes of Microsoft, Google and Amazon.
A big chunk of the $2.7bn loan was secured against Pure DC’s Dublin and Amsterdam data centre campuses. The fresh funds brings in new lenders SMBC, the Japanese multinational bank, German bank Allianz and Dutch bank ABN AMRO.
Pure DC is investing over €1 billion in a giant data centre campus, which will support AI workloads, in Amsterdam.
