Switch, the Las Vegas-based data center operator, is reportedly in discussions to raise billions in fresh capital at a valuation exceeding $50B. That figure represents a staggering leap from the $11B price tag DigitalBridge and IFM Investors paid to take the company private in December 2022.
Who’s writing the checks
The funding round has attracted interest from heavyweight institutional investors including Brookfield Asset Management and KKR, according to a report from The Information published on June 5.
Since 2024, Switch has raised an estimated $20B to $24B through various debt instruments and securitized financing vehicles. That includes a $768M asset-backed securities issuance completed in April 2026 and a $2.6B credit facility secured more recently. The proceeds have largely gone toward land acquisitions and campus expansions across multiple US states.
From $11B to $50B: what changed
