Dallas-based data center operator DataBank has secured a $1.5 billion investment from Australian investment fund AustralianSuper, positioning the company as a significant minority investor and adding a member to DataBank’s board.
The investment, combined with an additional $483 million from existing investors, totals nearly $2 billion in new equity capital to fuel the company’s expansion amid surging demand driven by AI and cloud computing growth.
DataBank plans to deploy the capital toward new campus developments in New York, Denver, Minneapolis and Salt Lake City, building on the company’s portfolio of more than 65 high-performance data centers and 20 interconnection hubs across North America. The investment represents DataBank’s latest capital milestone, having raised approximately $4 billion in debt and equity over the past two years.
“This investment, and our new campuses, are a game-changer for DataBank and our customers, allowing us to bring this capacity to market now and seize the incredible opportunity ahead of us,” said DataBank CEO Raul Martynek.
Discover how DataBank’s strategic growth positions us to meet the unprecedented infrastructure demands of AI and cloud computing.
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DataBank has expanded its credit facility to $1.6 billion, accelerating data center construction and supporting over 100MW of new capacity in key U.S. markets. The green financing underscores DataBank’s commitment to sustainability and positions the company to meet growing demand while advancing its goal of carbon neutrality by 2030.
DataBank has raised $1.1 billion in its first hyperscale securitization, marking the industry’s first dual-rated data center ABS by S&P and Moody’s. The oversubscribed issuance expands DataBank’s securitized portfolio to $3.23 billion, funding growth of its U.S. hyperscale and enterprise data center platform.
DataBank's Red Oak campus is building the future of Dallas data center infrastructure with eight facilities totaling 3.4 million square feet. The construction numbers reveal just how massive this project is.
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