Key facts
- Switch is in talks to raise billions of dollars.
- The company is seeking a valuation of at least $50 billion.
- Switch aims to capitalize on demand for data centre facilities.
Data-centre developer Switch is reportedly in discussions to secure billions of dollars in funding at a valuation exceeding $50 billion. This valuation level, considered high for a data-centre developer, reflects the company's strategy to leverage the significant demand for data centre infrastructure. The Las Vegas-based company is seeking to capitalize on this market trend.