EcoDataCenter Raises €600 Million Debt for AI Infrastructure

EcoDataCenter AB, a Swedish data center operator, has raised €600 million ($703 million) in debt financing. The company plans to use the funds to build new data centers in Sweden that will be dedicated to powering artificial intelligence (AI) infrastructure. The data centers will be designed to be energy-efficient and environmentally sustainable, aligning with EcoDataCenter's focus on reducing the environmental impact of data processing. The company aims to leverage its expertise in green data center operations to support the growing demand for AI-powered applications and services. The debt financing was provided by a consortium of banks and financial institutions, reflecting the increasing interest and investment in the data center and AI sectors. EcoDataCenter's expansion plans are expected to contribute to the development of Sweden's digital infrastructure and the country's position as a hub for innovation in the AI and data center industries.