Pure Data Centres Group (Pure DC), a London-based hyperscale cloud and AI infrastructure company has secured $2.7bn (£2bn) in financing.
The financing was largely comprised of a $2.15bn facility secured against Pure DC campuses in Dublin and Amsterdam.
It will be put towards a major growth push across Europe and the Middle East, with an emphasis on expansion in the latter. The company has described the Middle East as one of the defining growth markets for AI and hyperscale infrastructure over the next decade.
“Pure DC is rapidly positioning itself at the centre of Europe and the Middle East’s AI transformation, leveraging one of the region’s fastest-growing FLAP-D hyperscale platforms to deliver the next generation of AI inferencing infrastructure,” said the company’s executive chairman and interim chief executive Gary Wojtaszek.
“The successful syndication of the $2.15bn facility and the expansion of our corporate facility demonstrate both the depth of market demand and the confidence lenders have in our assets, structure and strategy,” added Pure DC finance chief Mike Schwartz.
“Importantly, the combination of asset-level and corporate-level financing gives us the flexibility to accelerate investment across the business and act decisively as new opportunities arise.”
