Digital Edge Secures $1.6 Billion to Drive Pan-Asian Data Center Expansion

Digital Edge DC, a pan-Asian hyperscale data center developer and operator, has secured over $1.6 billion in fresh capital to support its growth plans. The funding includes $640 million in equity from existing and new investors, including institutional investors and sovereign wealth funds, and $1 billion in debt financing to drive campus expansions across Asia. Backed by private equity firm Stonepeak, the equity raise was oversubscribed. 

The $1 billion debt financing supports Digital Edge DC’s efforts to enhance its data center infrastructure in key Asian markets. With this funding, the company plans to accelerate its mission of delivering high-performance, sustainable digital infrastructure in the region, according to a press release. 

The newly secured investment will enable Digital Edge DC to strengthen its presence in key markets, including Japan, South Korea, India, Malaysia, Indonesia, and the Philippines. 

The company currently operates 21 data centers with a combined critical IT load of over 500 MW across operational, under-construction, and developmental stages. An additional 300 MW has been earmarked for future projects.

Among its key initiatives, Digital Edge is progressing on a 100 MW campus in Incheon, South Korea, anchored by the recently inaugurated 36 MW SEL2 facility. Additionally, the company is working on a 300 MW campus in Navi Mumbai, India, with its first facility scheduled to commence operations by mid-2025.

In Tokyo, plans are underway for a hyperscale edge facility, TY07, which will mark Digital Edge’s ninth data center in Japan. Southeast Asia has also seen growth, with the company enhancing its Jakarta presence earlier this year through the launch of the 23 MW EDGE2 facility.

Digital Edge CEO Samuel Lee emphasized that the fresh funding will help build a unified platform that ensures consistent customer experiences across all facilities. Unlike competitors that focus solely on asset acquisition, Digital Edge prioritizes operational excellence by partnering with local experts to navigate diverse regional regulations and business practices efficiently. 

Digital Edge DC’s growth strategy is focused on addressing the unique demands of hyperscale customers expanding in Asia, particularly in emerging markets like Indonesia and the Philippines. 

Digital Edge is also gearing up to expand into new regions, including Johor in Malaysia, Thailand, and Vietnam, to cater to the growing need for lower latency and data localization. To address the environmental impact of cloud and AI workloads, the company has adopted innovative technologies such as Nortek’s liquid cooling systems, enabling it to achieve a power usage effectiveness (PUE) of below 1.2 at its data center in the Philippines. It has set ambitious sustainability goals, aiming to source 50% of its energy from renewable or green resources by 2025 and achieve full carbon neutrality by 2030.