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I Squared buys Cogent data centers for $225 million

Published Tuesday, May 26, 2026 · Updated May 27

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Media Analysis

AI synthesis

I Squared Capital, an investment manager, has acquired 10 data center facilities from Cogent Fiber for $225 million in cash. The firm plans to use these facilities as the basis for a new U.S. data center operating platform specifically designed for AI inference, committing an additional $1 billion for its expansion.

What We Know — Key Points

  • I Squared Capital bought 10 data center facilities from Cogent Fiber for $225 million in cash.
  • I Squared Capital intends to use the acquired data centers as a foundation for a new U.S. data center operating platform focused on AI inference.
  • I Squared Capital has committed an additional $1 billion for the expansion of this new platform.

What Is Claimed — Perspectives

  • Channel News AsiaCenter

    Investment manager I Squared Capital has acquired 10 data center facilities from Cogent Fiber for $225 million, intending to use them as a foundation for a new U.S. data center operating platform focused on AI inference, with an additional $1 billion committed for expansion.

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