OpenAI & SoftBank Invest $1 Billion in Energy Data Centers
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DigitalBridge Group, a global digital infrastructure investment firm, completed the acquisition of a majority stake in Switch Data Facilities, a provider of data center and interconnection services, for approximately $4 billion in december 2023. This deal significantly expands DigitalBridge’s presence in the data center market.
DigitalBridge Group
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DigitalBridge Group is a global investment firm focused on digital infrastructure, including data centers, cellular towers, fiber networks, and edge infrastructure. DigitalBridge manages a portfolio of assets across various digital infrastructure sectors.
Detail: Founded in 2013, DigitalBridge operates through several investment platforms, including DigitalBridge Investment Management and DigitalBridge Capital. The firm aims to generate long-term value by investing in companies that benefit from the growth of digital technologies.
Example: As of September 30, 2023, digitalbridge managed approximately $63 billion in assets under management (AUM). DigitalBridge Q3 2023 Earnings Release
Switch Data Facilities
Switch Data Facilities operates a network of data centers, primarily in the United States, offering colocation, interconnection, and cloud services. Switch emphasizes sustainability and data security in its operations.
Detail: Switch’s data centers are known for their high power density and advanced cooling technologies.The company serves a diverse range of customers, including enterprises, government agencies, and cloud providers.
Example: Switch operates multiple data center campuses, including the Citadel Campus in Nevada, which is powered entirely by renewable energy. Switch Sustainability Report
the Acquisition
DigitalBridge acquired a majority stake in Switch Data Facilities in December 2023 for approximately $4 billion. Data Center dynamics reported the completion of the deal on December 19, 2023.
Detail: The acquisition was structured as a combination of equity and debt financing. DigitalBridge partnered with IFM Investors to jointly own Switch. The deal allows DigitalBridge to expand its portfolio of data center assets and capitalize on the growing demand for data storage and processing.
Example: According to a press release, the transaction values Switch at an enterprise valuation of approximately $6.8 billion. DigitalBridge Press Release
IFM Investors
IFM Investors is a global investment management firm owned by australian superannuation funds. IFM Investors focuses on long-term infrastructure investments.
Detail: IFM Investors manages over $175 billion in assets and invests in a range of sectors, including transportation, energy, and digital infrastructure. Their partnership with digitalbridge on the Switch acquisition demonstrates a shared commitment to investing in critical digital infrastructure assets.
Example: IFM Investors’ investment strategy prioritizes enduring and responsible investing. IFM Investors Responsible Investment
Current Status (as of January 10, 2026)
As of January 10, 2026, there have been no major publicly reported developments altering the terms or ownership structure of the DigitalBridge and IFM Investors acquisition of Switch Data Facilities. Data Center Dynamics remains a key source for updates in the data