Comes ahead of DayOne’s $20 billion IPO
MGX pursues DayOne acquisition; APAC operator controls 500MW+ capacity, targeted $20B IPO. Signals consolidation in AI data center market; MGX's $40B Aligned deal + Stargate partnership indicate enterprise capex shift toward compute capacity for foundation model scaling.
Hillhouse Investment is negotiating a $600 million loan to invest in DayOne, the Singapore-based hyperscale data center operator backed by $4.5 billion in