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

Odaily News: AI data center operator DataVita has announced the completion of a £300 million (approximately $406 million) funding round to expand its AI data center campus located in the AI Growth Zone in Lanarkshire, Scotland.

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

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