Equinix, in collaboration with GIC and CPP Investments, has announced a joint venture to invest over US$15 billion into expanding its xScale data center portfolio, responding to the growing demands of AI and cloud services.

Target Information

Equinix, Inc. (Nasdaq: EQIX), a leading global digital infrastructure company, has announced a new joint venture (JV) agreement with GIC and the Canada Pension Plan Investment Board (CPP Investments). This partnership aims to raise over US$15 billion in capital to expand the Equinix xScale data center portfolio, which caters specifically to hyperscale companies. The JV is expected to significantly enhance the ability of firms operating in artificial intelligence (AI) and cloud solutions to deploy their infrastructure effectively across Equinix International Business Exchange™ (IBX®) data centers.

Once fully operational, the new JV is projected to nearly triple the existing investment capital allocated to the Equinix xScale program. The capital raised will be utilized for the acquisition of land and the construction of modern xScale facilities across multiple campuses in the United States. These facilities will provide more than 1.5 gigawatts of new capacity tailored to meet the demands of hyperscale customers.

Industry Overview in the Target’s Country

The data center industry in the United States continues to grow rapidly, driven by increasing demand for cloud services and AI applications. The proliferation of data-driven technologies has made it imperative for organizations to in