SINGAPORE (Reuters) – Singapore-based data center company Digital Edge said on Monday it has raised more than $1.6 billion in fresh capital through a mix of equity and debt financing to fund its next phase of growth.
Digital Edge is a subsidiary of Stonepeak, a New York-based investment firm specializing in infrastructure and real assets, managing approximately $70 billion in assets.
Digital Edge said in a statement that the capital raised included approximately $640 million in equity investments from existing and new investors, in addition to $1 billion in total debt financing.
Digital Edge said the growth capital will be used to fund expansion to meet the growing demand for cloud and AI for its customers across Asia.
Founded in 2020, Digital Edge now owns and operates 21 data centers with more than 500 MW in service and under construction and development, with another 300 MW for future development, in Japan, Korea, India, Malaysia, Indonesia and the Philippines, according to the statement.
