Edged US secures USD $2 billion for data centre build

Edged US has secured nearly USD $2 billion in financing this year, including a USD $1.3 billion Senior Secured Notes offering for data centre development in the United States.

The notes were structured to support the simultaneous development of multiple sites serving different customers, which Edged described as a first for the data centre sector.

The financing package centres on projects in Atlanta, Chicago and Council Bluffs, Iowa. The bond offering supports two build-to-suit data centres on Edged campuses in Atlanta and Chicago under long-term leases, while a separate construction loan backs continued work on the company's 200 MW campus in Council Bluffs.

Morgan Stanley acted as the lead left bookrunner on the notes offering. TD Securities and Crédit Agricole CIB served as coordinating lead arrangers on the Council Bluffs construction loan.

Expansion plans

The announcement comes as demand for infrastructure tied to artificial intelligence and cloud computing drives a new wave of investment in data centres. Operators and investors are seeking financing structures that match the scale of projects being built across multiple markets simultaneously.

Edged is expanding in a sector where large customers increasingly want dedicated facilities under long-term agreements. Build-to-suit projects can provide predictable revenue streams, but they also require heavy upfront capital and tight construction schedules.

The company has been expanding its footprint across North America, with operational and in-development campuses in Atlanta, Chicago, Columbus, Council Bluffs, Dallas, Des Moines, Kansas City, and Phoenix. Its platform now spans gigawatt-scale development.

Edged focuses on data centres designed for AI training and inference workloads. Its sites use waterless cooling technology through the ThermalWorks system. It was designed to achieve a portfolio-wide power usage effectiveness target of 1.15, alongside liquid-to-chip cooling for newer compute environments.

Financing shift

Using a bond structure to fund several developments at once points to a broader shift in digital infrastructure financing. Data centre operators have historically relied on combinations of corporate debt, project finance, private capital and sale-and-leaseback arrangements, but AI-driven demand has increased the need for larger, more flexible funding pools.

By linking multiple sites and customer relationships into a single secured notes transaction, Edged has tapped into a part of the capital markets more commonly associated with other infrastructure sectors. The approach may offer a template for developers seeking to fund campus expansion while keeping pace with hyperscale and enterprise demand.

Bryant Farland, Chief Executive Officer of Edged US, said the financing would help the company respond to market demand.

"Demand for high-performance digital infrastructure continues to accelerate at an unprecedented pace, and this financing momentum positions us to move quickly and strategically alongside our customers," Farland said.

He said the company's development strategy was focused on supporting the next phase of AI and cloud growth.

"We are proud to continue expanding our platform with infrastructure designed to support the next generation of AI and cloud growth while remaining deeply committed to efficiency, sustainability, and responsible long-term development," Farland said.

Edged said customers are placing greater emphasis on delivery speed, energy efficiency, and operating practices when deciding where to run computing workloads. That has increased pressure on operators to secure land, grid access and financing before demand peaks.

Farland said those requirements were shaping the company's response.

"As the market continues evolving, customers increasingly need partners that can deliver capacity quickly, efficiently, and responsibly," Farland said.

"This financing milestone underscores confidence in our ability to execute and continue building the infrastructure that powers the future of the digital economy," he said.