Pure Data Centres Group has secured £2 billion in financing.
The London firm is one of the fastest-growing hyperscale cloud and AI infrastructure platforms across Europe and the Middle East.
The financing includes a £1.6bn facility secured against Pure DC’s Dublin and Amsterdam campuses, alongside an increase in its corporate-level financing to around £410m.
The expanded facility brings in leading institutions including SMBC, ABN AMRO and Allianz Global Investors.
The Amsterdam facility is fully leased with construction currently underway. The Dublin facility recently became Europe’s first data centre microgrid which is also carbon net-zero – something the company is looking to develop further throughout the region – and is located in the fibre-rich Ballycoolin area. The site is designed to deliver up to 150MW of IT capacity, with 54MW currently permitted.
“Pure DC is rapidly positioning itself at the centre of Europe and the Middle East’s AI transformation, leveraging one of the region’s fastest-growing FLAP-D hyperscale platforms to deliver the next generation of AI inferencing infrastructure,” said Gary Wojtaszek, executive chairman & interim CEO, Pure DC.
“The support we’re seeing from leading global financial institutions reflects that. This funding demonstrates strong market confidence in Pure’s leadership team and strategy.”
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The company is particularly focused on expanding its presence in the Middle East which it believes will become one of the defining growth markets for AI and hyperscale infrastructure over the next decade.
“Over the past 12 months, we have materially strengthened and diversified our financing platform, bringing in high-quality institutional partners and increasing available capital,” said Mike Schwartz, CFO.
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