Vantage Data Centers
Builds and runs large data centre campuses for cloud and AI tenants across several continents.
- Value
- Exploring an IPO or sale at about $100B (Reuters, Aug 2026, reported)
- Growth
- Raised about $11B since late 2023. Runs 41 campuses with 9 GW of power across five continents
- Based in
- Denver, US
- Listed
- Private
It has a large, financed pipeline and a big equity base led by DigitalBridge and Silver Lake.
The IPO or sale is only a report, and no filing has been made.
Money coming in
Who pays Vantage Data Centers, and for what.
No customers of Vantage Data Centers mapped yet.
Money going out
Who Vantage Data Centers pays to do what it does.
No suppliers of Vantage Data Centers mapped yet.
Where it sits on the map
Competitors and neighbours
GPU cloud that builds its own data centre campuses and rents capacity to Microsoft and Meta.
Up to 1.2 GW campus under way in Missouri
Open profileOperates data centres that link cloud and network providers, and leases whole campuses through xScale.
Revenue of $2.63B in Q2 2026 (quarter to 30 June 2026)
Open profileUS data centre operator owned by Blackstone, and one of the largest in the country.
Blackstone bought QTS for about $10B in 2021
Open profileData centre developer with 51 campuses in the US, Latin America and Chile.
About $40B enterprise value (deal closed 21 July 2026)
Open profileMakes switchgear, transformers and power distribution equipment that sit between the grid and the server hall.
Record revenue of $8.5B in Q2 2026 (quarter to 30 June 2026)
Open profileBuilds the transmission lines, substations and power connections that bring new electricity to data centres.
Revenue of about $9.6B in Q2 2026 (quarter to 30 June 2026)
Open profileMakes power, cooling and control equipment for data centres and grids.
H1 2026 revenue of EUR 21.2B (six months to June 2026)
Open profileMechanical and electrical contractor that installs heating, cooling and power systems in data centres.
Revenue of about $3.3B in Q2 2026 (quarter to 30 June 2026)
Open profileOwns and leases large data centre buildings to cloud and AI companies.
Record $1.9B of signed rent waiting to start
Open profileSources: bnnbloomberg.ca, w.media
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