I Squared Capital buys 10 data centers from Cogent, aims to launch new US-based operator
New platform gains 53MW across Illinois, Georgia, Arizona, California, Texas, and more
The increasing demand for digital infrastructure, particularly data centers for AI and cloud computing, is driving significant investment and consolidation in the sector.
This move indicates a strategic aggregation of data center assets by a major infrastructure fund, positioning it to become a significant player in the US data center market, impacting future compute availability and cost.
A new, large-scale data center operator is emerging in the US, consolidating existing capacity and likely expanding it, intensifying competition and potentially altering regional compute landscapes.
- · I Squared Capital
- · Hyperscalers
- · Companies requiring data center capacity
- · Smaller regional data center operators
- · Cogent (in terms of divested assets)
I Squared Capital gains immediate operational scale and regional presence in key US markets.
Increased availability of wholesale data center capacity could moderate pricing pressures for large compute users.
This consolidation may lead to further investment in renewable energy for data centers, given the increasing focus on sustainability in large infrastructure plays.
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Read at DataCenter Dynamics