Serverfarm has secured a $3.0 billion credit facility to accelerate hyperscale development across North America, as demand for AI-ready data center capacity continues to climb. The financing closed in December 2025 and will fund several large campus projects in the United States and Canada.
Backed by a group of 23 institutional lenders, the facility gives Serverfarm immediate access to growth capital. As a result, the company can move faster on projects designed for cloud platforms and AI-driven workloads.
Funding Targets High-Capacity Campus Builds
The new capital will support multiple hyperscale developments across key markets. In Houston, Serverfarm is advancing a campus with more than 500 megawatts of potential capacity. The site spans 250 acres and sits within the city’s energy corridor. Dual on-site substations are also planned.
Meanwhile, the company is expanding in the Southeast. In Covington, Georgia, Serverfarm is developing a nearly 500,000-square-foot facility. The site will deliver 60 megawatts of critical IT capacity for a single hyperscale tenant.
In Canada, growth continues as well. Serverfarm plans a 4-megawatt expansion at its existing Toronto location to support rising demand from hyperscale customers.
TD Securities acted as administrative agent and joint lead arranger on the transaction.
Speed Becomes the Competitive Advantage
According to company leadership, the credit facility strengthens Serverfarm’s ability to deliver capacity on tight timelines. Faster execution now plays a decisive role as AI deployments scale rapidly.
“This $3.0 billion facility gives us the financial flexibility to accelerate our hyperscale pipeline,” said Avner Papouchado, CEO of Serverfarm. He added that standardized campus designs allow customers to deploy GPU-intensive workloads without long delays.
As a result, cloud providers can align infrastructure delivery with real-time demand. That advantage has become increasingly valuable as AI adoption accelerates.
Institutional Support Signals Market Confidence
Manulife Investment Management participated in the financing through its infrastructure platform. Recep Kendircioglu, Global Head of Infrastructure at Manulife IM, said the firm continues to see strong opportunities in digital infrastructure.
He also pointed to sustained demand for large-scale data centers as AI reshapes compute requirements. Continued support for the Serverfarm platform reflects confidence in its execution strategy.
Overall, the new facility positions Serverfarm to scale aggressively while meeting rising demand for hyperscale, AI-ready infrastructure across North America.
