Digital Edge Raises Over USD 1.6 Billion to Drive APAC Data Center Expansion

Singapore-headquartered data centre company Digital Edge announced on Monday that it has raised over USD 1.6 billion in new capital through a combination of equity and debt financing to fund its next phase of growth. The capital raise includes approximately USD 640 million of equity investment from both existing and new investors as well as USD 1 billion of total debt financing across multiple campus expansions.

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Also Read: Digital Edge Develops HSC Energy Storage System to Replace Traditional Batteries

Stonepeak’s portfolio Company

Digital Edge is a portfolio company of Stonepeak, a New York-headquartered investment firm specialising in infrastructure and real assets. “The equity raise was significantly oversubscribed, and welcomes some of the world’s largest institutional investors and sovereign wealth funds as new co-investors,” the company said on January 6, 2025.

Capital to Fuel Cloud and AI Expansion

Digital Edge said the growth capital will be used to fund expansion to meet the increasing cloud and artificial intelligence (AI) demands of its customers across Asia.

Digital Edge’s Presence

Established in 2020, Digital Edge currently owns and operates 21 data centres with over 500 megawatts (MW) in service and under construction and development, with another 300 MW for future development across the locations in Japan, Korea, India, Malaysia, Indonesia, and the Philippines, according to the statement.

Also Read: Equinix to Acquire BT’s Datacentre Business in Ireland for EUR 59 Million

New Data Centers

In October 2024, Digital Edge opened its third data center in Korea, known as SEL2. The 36 MW SEL2 facility is the first building in its 100 MW Incheon campus in Seoul. This followed the expansion of its Jakarta footprint with the opening of the 23 MW EDGE2 facility earlier in the year.