Apex Trader Funding - News
STACK Infrastructure Announces $1.3 Billion in Financing to Further Global Development
DENVER and SINGAPORE, June 04, 2024 (GLOBE NEWSWIRE) -- STACK Infrastructure ("STACK"), the digital infrastructure partner to the world's most innovative companies and a leading global developer and operator of data centers, today announced a cumulative fundraising of $1.3 billion for development across its global portfolio. This financing, which includes green construction debt refinancing, will further expand STACK's rapidly growing global footprint of large-scale shell and turnkey campuses. To date, STACK has secured more than $12 billion in financing to further the development of its global portfolio of scalable campuses.
$506 million in green financing will be strategically allocated to expand STACK's digital infrastructure footprint in the APAC region. Funds for the development of a 180MW campus in Melbourne, Australia will facilitate sustainable solutions integration and enhanced operational efficiency. Sustainability highlights of the data center facilities include onsite solar array for renewable energy generation, a water-efficient cooling system, and EV charging stations. STACK's adoption of sustainable design principles supports the responsible expansion of its global portfolio, amplifying regional investment and employment opportunities.
"This series of financing not only emphasizes our commitment to sustainable ...