EcoDataCenter has introduced it has raised SEK 1 billion (£74.4 million) by unsecured bonds to fund its funding in AI-related infrastructure.
The senior unsecured bonds have been issued by EcoDataCenter’s holding firm – EcoDC Holding AB (publ) – and are a part of an general SEK 2 billion (£148.79 million) plan. The corporate goals to listing the bonds in the marketplace.
“AI is a dynamic funding space with huge potential to drive development and productiveness. Scaling AI requires capital. This is a crucial milestone for us, on our journey to change into the main European participant in AI-infrastructure,” says Peter Michelson, CEO of EcoDataCenter.
“The demand for information centres that may mix the newest know-how with excessive power effectivity and with a low local weather footprint is robust and continuously growing. We’re very nicely positioned to capitalise on the expansion alternatives within the sector.”
In 2019, EcoDataCenter opened its first information centre in Falun, with the corporate just lately partnering with AI-company CoreWeave to construct considered one of Europe’s largest AI clusters in Falun. Earlier this month, EcoDataCenter bought an industrial website in Borlänge with an preliminary capability of 240 MW.
ABG Sundal Collier AB managed the bond issuance, and Roschier Advokatbyrå AB offered authorized recommendation.
