AI data center developer 5C Group has secured $605 million in debt financing to expand its projects across North America.
The financing, led by Brookfield Asset Management, follows the raise of $835m in equity and debt capital that 5C raised in 2025.
5C says it builds “AI factories,” defined as large-scale, high-performance data center campuses for “dense and complex AI workloads.”
The developer said the funding would allow it to accelerate the development of its portfolio of priority sites, fund the acquisition and construction of a campus in Memphis, Tennessee, and support the development of its campuses in Phoenix, Arizona, and Ohio.
“This financing reflects strong confidence in 5C’s strategy and our ability to execute at scale,” said Jonathan Ahdoot, CEO of 5C. “It strengthens our ability to build next-generation AI infrastructure while investing for the long term in communities.”
Hamish Kidd, managing partner, Investments – Infrastructure at Brookfield Asset Management, added: “We are pleased to expand our partnership with 5C and support the continued growth of its AI infrastructure platform. 5C combines strong execution capabilities with a long-term approach to developing critical digital infrastructure, and we believe its North American campuses are well positioned to support growing demand for advanced AI capacity.”
Launched in 2023, 5C describes itself as one of North America’s largest AI digital infrastructure providers. The company says it has more than 1.5GW of capacity in the pipeline.
5C was acquired by Hypertec Cloud last year.
More in Investment / M&A / Financing
More in AI & Analytics
