Why it matters
The strategic read
Adds another large construction-debt marker inside the Northern Virginia power-and-land bottleneck. EdgeCore is financing two single-tenant buildings already leased to hyperscale customers and explicitly engineered for high-density AI and cloud workloads, with Dominion Energy power and more than 1.4 GW under development across Virginia.
Source-supported terms
What was disclosed
- 01
EdgeCore announced completion of two financial transactions totaling $1.5B to fund construction of AS01 and AS02, two single-tenant hyperscale data centers in Northern Virginia.
- 02
The fully leased Sterling, Virginia facilities will support a combined 114 MW of critical load across 685,000 square feet.
- 03
EdgeCore says the facilities will be engineered to exceed high-density AI and cloud requirements.
- 04
Power for both data centers will be provided by Dominion Energy.
- 05
Initial occupancy is scheduled for November 2026 at AS01 and July 2027 at AS02.
- 06
The financing is comprised of two limited-recourse senior secured term loans led by Apterra Infrastructure Capital, Global Infrastructure Partners / BlackRock, and ING Capital.
- 07
EdgeCore says it has more than 1.4 GW of capacity under development in Northern and Central Virginia and 1.8 GW delivered or under development across its broader portfolio.
Disclosure boundary
What is known—and what is not
Primary company announcement; financing size, lender group, buildings, lease status, critical load and schedule are public, but tenant identities, lease economics, loan documents, covenants, draw schedule, Dominion Energy service terms and construction contracts are not public.