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CPP Investments to Invest $1.75 Billion in EQT's AI Data Center Buildout

Created at 3 Jul · 5:50 PM1 source↑ Market-relevant
IN SHORT

Canada Pension Plan Investment Board will invest $1.75 billion to support EQT Corp.'s artificial intelligence infrastructure expansion. The investment will fund the development of over 10 gigawatts of new data centers through EQT subsidiary EdgeConneX.

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Key Numbers

$1.75 billionCPP Investments' investment in EQT's AI buildout
10 gigawattsadditional data centers planned

Who's Involved

Canada Pension Plan Investment Board
investing $1.75 billion in EQT's AI infrastructure
EQT Corp.
AI infrastructure buildout recipient
EdgeConneX
EQT subsidiary leading AI infrastructure development
CPP Investments to Invest $1.75 Billion in EQT's AI Data Center Buildout

↳ Why This Matters

This significant investment highlights the growing demand for AI infrastructure and the substantial capital flowing into data center development to support it.

Key facts

  • Canada Pension Plan Investment Board is investing $1.75 billion in EQT Corp.'s AI infrastructure.
  • The investment will support the development of over 10 gigawatts of new data centers.
  • EQT's subsidiary EdgeConneX is leading the AI infrastructure buildout.

Canada Pension Plan Investment Board announced on Friday it will invest $1.75 billion to support EQT Corp.'s expansion of artificial intelligence infrastructure. The buildout, spearheaded by EQT subsidiary EdgeConneX, aims to develop more than 10 gigawatts of additional data centers in the coming years, according to a statement from CPP Investments.

Frequently asked questions

Canada Pension Plan Investment Board is investing $1.75 billion.

The investment will support EQT Corp.'s artificial intelligence infrastructure buildout, specifically the development of new data centers.

EQT's subsidiary, EdgeConneX, is leading the AI infrastructure buildout.

More than 10 gigawatts of additional data center capacity is planned.

What Happens Next

01EQT Corp. and EdgeConneX will proceed with the development of new data centers.

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Cadence

How It Developed

Canada Pension Plan Investment Board will invest $1.75 billion to support EQT Corp.'s AI infrastructure buildout.
The investment will fund the development of over 10 gigawatts of additional data centers.
EQT's AI infrastructure buildout is led by its subsidiary EdgeConneX.

Sources

T1
CPP Invests $1.75 Billion in EQT’s AI BuildoutBloomberg

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