Serverfarm, one of the leading developers and operators of data centers globally, has announced an expansion of its North American credit line, led by TD Securities, totaling $1.637 billion. This increase reflects the accelerating global demand for hyperscale colocation infrastructure driven by cloud deployments and artificial intelligence (AI) applications.
With financial backing from Manulife Investment Management and the commitment of an expanded group of 19 lenders, Serverfarm positions itself as a key partner for hyperscale clients who require fast, scalable, and efficient solutions in a highly competitive market.
Expansion to Meet Hyperscale Demand
The North American market is facing short-term capacity limitations to meet the needs of large-scale data center deployments. Serverfarm, with its robust portfolio of land, supply chain capabilities, and award-winning design, construction, and operational teams, is well-positioned to address these challenges.
The recent announcement of the HOU1 campus in Houston, Texas, which offers over 500 MW of capacity, highlights Serverfarm’s strategy to provide fast solutions for key clients. This 350,000 square-foot campus on 197 acres is designed to grow and adapt to the most demanding colocation needs.
A Commitment to Sustainable Growth
Avner Papouchado, CEO of Serverfarm, emphasized the importance of this credit expansion:
“The rapid acceleration of cloud and AI demand, along with the long-term commitments from our hyperscale clients, drives growth across our portfolio. This access to additional capital supports our track record of delivering capacity efficiently and at scale.”
Meanwhile, Recep Kendircioglu, Global Infrastructure Officer at Manulife Investment Management, added:
“The interest from lenders demonstrates Serverfarm’s strength and the company’s enormous growth potential. We are excited to continue building strategic relationships with our financial partners.”
Advanced Technological Solutions
Serverfarm specializes in providing colocation, data center design, and IT infrastructure management through its technology platform InCommand DMaaS (Data CenterA data center or data processing center (DPC) … Management as a Service). This approach enables clients to efficiently manage their infrastructures and optimize resources, improving data center performance.
Support from Manulife Investment Management
Manulife Investment Management, part of Manulife Financial Corporation, is a key player in this expansion. Its expertise in investment management and commitment to sustainable development reinforces confidence in Serverfarm’s long-term vision. With a global client base and assets under management, Manulife drives investment decisions that create a positive impact on communities and economies.
The Future of Serverfarm in the Data Center Market
The expansion of the credit line and the ongoing growth of its portfolio position Serverfarm as a leader in the hyperscale data center sector. With a focus on innovation, sustainability, and strategic expansion, the company is prepared to meet the demands of emerging technologies such as cloud and AI in a dynamic and ever-evolving environment.