Equinix Agrees to Form Greater Than $15B JV to Expand Hyperscale Data Centers in the U.S. and Support Growing AI and Cloud Innovation

REDWOOD CITY, Calif., Oct. 1, 2024 /CNW/ -- Equinix, Inc. (Nasdaq:EQIX), the world's digital infrastructure company^®, today announced the signing of a joint venture (JV) agreement, subject to closing conditions, in the form of a limited liability partnership with GIC and Canada Pension Plan Investment Board (CPP Investments), with the intent to raise over US$15 billion in capital together with its partners. Driven by increasing artificial intelligence (AI) and cloud growth, the JV is intended to accelerate the Equinix xScale data center portfolio, which enables hyperscale companies to add core deployments to their existing access point footprints at Equinix International Business Exchange™ (IBX^®) data centers. At full buildout, this new JV will nearly triple the investment capital of the Equinix xScale program.