Digital Edge, a leader in the development and operation of interconnected and hyperscale data centers in Asia, has announced a capital raise of over $1.6 billion through a combination of debt and equity financing. This milestone marks the beginning of a new phase of expansion for the company, which aims to meet the growing demand for cloud services and artificial intelligence (AI) capabilities in the region.
Fundraising Details
The funding includes approximately $640 million in equity investment from existing and new investors, as well as $1 billion in debt for multiple expansions of data center campuses. The participation in the fundraising was significantly oversubscribed, with the inclusion of some of the world’s largest institutional investors and sovereign funds as co-investors.
Boosting Regional Expansion
Since its founding in 2020, Digital Edge has established itself as a leading digital infrastructure platform in Asia, currently operating 21 data centers with over 500 MW of critical IT capacity. Additionally, it holds another 300 MW reserved for future strategic developments in key markets such as Japan, Korea, India, Malaysia, Indonesia, and the Philippines.
Among its recent advances, Digital Edge opened its third data centerA data center or data processing center (DPC)… in Korea, known as SEL2, a 36 MW facility on the 100 MW campus in Incheon, Seoul. It also expanded its presence in Jakarta with the opening of the EDGE2 23 MW data center. Upcoming milestones include the opening of the first facility in its 300 MW campus in Navi Mumbai in the second quarter of 2025, and the hyperscale TY07 center in Tokyo, the ninth in Japan.
Key Statements
Andrew Thomas, chairman of Digital Edge and CEO of Stonepeak, highlighted investor interest as evidence of the success of the company’s expansion strategy:
“Since our initial investment in Digital Edge in 2020, we have proudly supported its growth into a true pan-Asian footprint spanning six countries.”
Meanwhile, Samuel Lee, CEO of Digital Edge, described the fundraising as a “significant milestone”:
“We are excited to embark on the next phase of developing AI-ready data centers, backed by a quality team and platform.”
John Freeman, chairman of Digital Edge, emphasized the importance of flexible financing:
“This efficient investment accelerates our vision of building digital infrastructures that meet the growing demands of cloud, AI, and interconnectivity in Asia.”
A Commitment to Sustainable Infrastructure
Digital Edge has positioned itself as a benchmark for efficient and sustainable digital infrastructure. Its data centers not only provide advanced connectivity but also innovative energy solutions aimed at minimizing environmental impact while maximizing operational efficiency.
Backed by Stonepeak, a prominent infrastructure investment firm, Digital Edge continues to lead the transformation of telecommunications and connectivity in Asia, solidifying its position in key markets and offering new colocation and interconnectivity options in the region.
Growth Prospects
With a strong network of data centers and financing that supports its vision, Digital Edge is well-positioned to capitalize on the AI boom and the increasing need for digital infrastructure in Asia. As the region moves towards an era of hyperconnectivity, the company will play a crucial role in facilitating digital transformation and ensuring that businesses have access to advanced and secure solutions.
This new phase of expansion not only strengthens its leadership in Asia but also reinforces the strategic role of the region in the global digital economy.
via: Digital Edge