Equinix Seals $5B U.K. Data Center Deal, Stock Rises
Equinix (EQIX) shares gained after the digital infrastructure group announced a $5 billion acquisition of an 85-acre data center campus in Hertfordshire, U.K. The undeveloped site, purchased from DCO1 UK, will feature three facilities with over 250MW of capacity across 2 million square feet—more than doubling Equinix's processing power in Britain.
Construction is slated to begin in 2027, with operations expected by 2030. 'The UK is a cornerstone of the global economy,' said Equinix UK managing director James Tyler, framing the MOVE as the company's largest European investment to date. The deal aligns with broader U.S. tech expansion into European AI infrastructure, following Nvidia's September commitment to deploy thousands of AI GPUs across the UK.
