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Home/Deal Room/DataBank raises $2B to fund 850+ MW AI/hyperscale buildout

Financing · Evidence brief

DataBank raises $2B to fund 850+ MW AI/hyperscale buildout

DataBank + AustralianSuper + existing investors

Primary sourcePress release only2024-10-15
Deal structureEquity financing / data-center expansion capital
GeographyUnited States
Infrastructure layersFinancing + data centers
Disclosed scaleAbout $2B equity raise, led by $1.5B from AustralianSuper; funds more than 850 MW of capacity

Why it matters

The strategic read

Large pension capital is moving into U.S. data-center capacity specifically to fund AI, cloud and hyperscale demand across multiple campuses.

Source-supported terms

What was disclosed

  1. 01

    DataBank announced about $2B of equity commitments.

  2. 02

    AustralianSuper committed $1.5B and becomes a significant minority owner.

  3. 03

    Proceeds fund more than 850 MW of data-center capacity across DataBank’s footprint.

  4. 04

    Named growth campuses include 480 MW in South Dallas, 192 MW in Culpeper, Virginia and 120 MW in Atlanta.

Disclosure boundary

What is known—and what is not

Equity raise announced publicly; valuation, governance rights and full project draw schedule are not fully public.