AI data center operator DataVita completes £300 million funding round with participation from ING and others

Odaily News: AI data center operator DataVita has announced securing £300 million (approximately $406 million) in funding to expand its artificial intelligence data center campus at the AI Growth Zone in Lanarkshire, Scotland.

The funding was provided by a consortium consisting of ING, ABN AMRO, Spain's Santander Bank, the Scottish National Investment Bank, and Siemens Financial Services, with the UK National Wealth Fund guaranteeing £202 million of the loans.

DataVita stated that the funds will be used to expand its existing DV1 data center and construct the new DV3 facility. Upon completion, both DV1 and DV3 will each provide 40MW of power capacity, adding a total of 80MW of new capacity. Currently, AI cloud computing provider CoreWeave has already pre-leased the full capacity of both data centers under a 15-year lease term. CoreWeave primarily provides computing infrastructure services to multiple leading AI model developers. (Bloomberg)