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Equinix ( (EQIX) ) just unveiled an announcement.
Equinix, Inc. has announced a major joint venture with Canada Pension Plan Investment Board and GIC, Singapore’s sovereign wealth fund, aiming to raise over $15 billion to accelerate the growth of its hyperscale data center program, xScale. This injection of capital will fund the development of large-scale data center campuses in the U.S., targeting the burgeoning AI and cloud markets. With each partner holding a significant equity interest, this venture underscores the strategic commitment to expanding digital infrastructure and meeting the demands of hyperscale companies, while promising to adhere to high environmental standards in construction and operation.
For an in-depth examination of EQIX stock, go to TipRanks’ Stock Analysis page.