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I Squared Capital Launches U.S. AI Inference and Edge Colocation Data Center Platform With $1BN Commitment; $225M Acquisition
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I Squared Capital announced that it has entered into a definitive Purchase and Sale Agreement to acquire a portfolio of ten data center facilities from Cogent Fiber, LLC, an indirect wholly owned subsidiary of Cogent Communications Holdings, Inc., for $225 million in cash.
"The acquisition will seed a new U.S. data center operating platform focused on colocation, high-density deployments, and AI inference infrastructure. I Squared has committed up to $1 billion to build the platform through targeted capital investment, customer-led expansion, and additional acquisitions," I Squared said
The seed portfolio includes approximately 53 megawatts (MWs) of installed power capacity and approximately 259,000 square feet of available colocation space across nine U.S. markets: Chicago, Atlanta, Phoenix, Los Angeles, Kansas City, Baltimore, Houston, Nashville, and Stockton.
The transaction is expected to close in the third quarter of 2026, subject to customary regulatory approvals including the expiration of the applicable Hart-Scott-Rodino waiting period.
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May 26, 2026
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Copyright 2026 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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