STACK Infrastructure has secured $4 billion in green financing to support the development of a 1+GW data centre campus in Stafford, Virginia, along with additional campuses in Portland, Oregon, and Toronto, Canada. The latest round of financing highlights the increasing demand for large-scale digital infrastructure as artificial intelligence, machine learning, and cloud services continue to expand.
The funding brings STACK’s total secured financing for developments in Virginia to $9 billion since 2019, reinforcing the state’s position as a key hub for data centre operations. Overall, the company has raised $20 billion in debt capital to support the growth of its global portfolio.
The 1+GW campus in Stafford, Virginia, is set to be a major economic driver, generating over $80 million in annual tax revenue while creating hundreds of full-time jobs and supporting more than 1,000 skilled trade positions during peak construction. The development is expected to play a crucial role in meeting the growing need for high-performance computing infrastructure, particularly in sectors reliant on data-intensive applications.
“Virginia continues to be a cornerstone of the digital economy, and our latest investment will ensure we can meet rising demand for scalable, sustainable data centre capacity,” said Matt VanderZanden, President of STACK Americas. “With strong access to capital and a clear vision for growth, we are committed to delivering the infrastructure necessary to support next-generation technologies.”
Beyond Virginia, the financing will also facilitate STACK’s expansion into key markets in North America, including Portland and Toronto. These strategic developments aim to enhance regional digital infrastructure and accommodate the increasing computing power required by businesses and cloud service providers.
As the data centre industry experiences rapid growth, developers are facing increased scrutiny over energy consumption and environmental impact. The financing, classified as “green,” suggests a commitment to sustainability, with funds potentially allocated toward energy-efficient systems, renewable power integration, and carbon reduction measures.
