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SMC from Singapore Secures $950M to Expand AI Data Centers Globally
📅 - Sustainable Metal Cloud (SMC), a data center operator based in Singapore, is positioning itself strategically to capitalize on the burgeoning global artificial intelligence (AI) market with a significant capital infusion of approximately $950 million. This move signals SMC's commitment to expanding its presence and influence in the rapidly growing AI industry.
According to Bloomberg, SMC, a subsidiary of the Australian software company Firmus Technologies is nearing the completion of a $400 million equity deal. In addition to this equity financing, the company plans to secure $550 million through debt financing. While the exact figures are still subject to final negotiations, the [...][... Check source for end of article ...]
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