The $10 Billion Data Center Shock: DayOne's Monster Raise Sends Investors Scrambling
DayOne Data Centers, a rapidly growing digital-infrastructure player in Asia, is in advanced talks to raise over $2 billion in a Series C round, potentially valuing the company at $10 billion. The round may be led by existing investors, with new participants expected. DayOne's expansion is driven by increasing AI infrastructure spending. GDS Holdings, owning 35.6% of DayOne, has seen its shares rise 46% in Hong Kong this year. The data center sector is attracting significant capital, with recent major deals highlighting shifting valuations.
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