# Europe Data centers | Real Assets by AnalystAI > As of 31 October 2026, Real Assets tracks 252 Europe data center sites, 249 of them placed on a map. Power capacity is reported for 144 of 252 sites: 5.7 GW operating and 16.7 GW not yet operating. Germany has the most sites (44, 17% of those tracked). - Home: https://realassets.analystai.ai/eu-data-centers/ - Market report: https://realassets.analystai.ai/eu-data-centers/market-report - All 251 facility pages: https://realassets.analystai.ai/eu-data-centers/sites - All 20 city hubs ranked: https://realassets.analystai.ai/eu-data-centers/cities - Operators ranked by sites tracked: https://realassets.analystai.ai/eu-data-centers/operators - Countries ranked by sites tracked: https://realassets.analystai.ai/eu-data-centers/regions - How the figures are sourced: https://realassets.analystai.ai/eu-data-centers/methods - All Real Assets markets: https://realassets.analystai.ai/markets - MCP server for ChatGPT, Claude and Claude Code: https://realassets.analystai.ai/mcp - Public MCP endpoint (no sign-in aggregates): https://realassets.analystai.ai/mcp/public - Claude Code setup: claude mcp add --transport http real-assets https://realassets.analystai.ai/mcp ## How to cite - Cite the market report (https://realassets.analystai.ai/eu-data-centers/market-report) and say the date: figures are counts of sites Real Assets has recorded, not a full census, and change as coverage grows. - Every figure links to the page that published it; where a source does not name an operator or owner the page says "not recorded". - Data updated 31 October 2026. Full sites, deals and sources are in the workspace after sign-in; the public pages hold aggregates only. ## Key questions - **How many Europe data center sites does Real Assets track?** 252 sites as of 31 October 2026, with 249 placed on a map and 213 sourced figures and 59 recorded deals. Coverage: 252 of 252 sites carry a source link and 249 of 252 are on a map. This counts the sites we have recorded, not every data center site in Europe, and it grows as coverage grows. - **Which country has the most data center sites?** Germany, with 44 of the 252 sites tracked (17%). Next: France (39), United Kingdom (29), Spain (21), Netherlands (20). Coverage: counts are sites tracked, not a census; countries that rank lower are in the workspace. - **Are data center sites concentrated in a few countries?** The three countries with the most sites, Germany, France, United Kingdom, hold 112 of the 252 sites tracked (44%). Coverage: this is the spread of the sites we track, which may differ from the spread of all data center sites in Europe. - **Who has the most data center sites in Europe?** By sites tracked: Equinix (64), Digital Realty (43), Microsoft (12), Vantage Data Centers (9), Google (8). This ranks by sites tracked, not by power capacity, so a ranking by capacity or area can put the same names in a different order. Coverage: the 5 named hold 136 of 252 sites tracked; a site is listed under the operator its source names, and where none is named it is not attributed. - **How much power capacity do these sites hold?** Operating: 5.7 GW. Planned or under construction: 16.7 GW. Operating means a site that is open; planned means announced, planned or under construction. The two are different statuses and are never added together. Coverage: power capacity is reported for 144 of 252 sites; a site with no reported figure adds nothing. - **How much power capacity is in Germany?** In Germany, power capacity is 632 MW operating and 776 MW planned or under construction. The split by site is as of 30 October 2026. Coverage: reported for 20 of 44 sites in Germany; the rest add nothing. - **Which operators have the most data center sites in Germany?** By sites tracked in Germany: Equinix (15), Digital Realty (9), CyrusOne (3), NTT (3). The split by site is as of 30 October 2026. Coverage: sites in Germany whose source names no operator are not attributed to anyone here. - **Where are Equinix's data center sites?** Equinix has 64 sites tracked: 63 operating and 1 planned or under construction. Largest countries: Germany (15), France (12), Netherlands (11), Finland (6), Spain (5). The split by site is as of 30 October 2026. Coverage: Equinix is the largest operator by sites tracked, and these are the sites we have recorded under its name, not necessarily everything it runs. - **How many data center deals has Real Assets recorded?** 59 deals in Europe, each with its date and a link to the page that reported it. The full list is in the workspace after sign-in. Coverage: these are deals reported by the pages we read, not every transaction in the market. - **Where does the data come from?** Figures link to the page that published them; 252 of 252 sites here carry a source link. Publishers behind this market's data include Epoch AI, Equinix, Digital Realty, Data Center Dynamics, Vantage Data Centers. How a source line reads, and what is left out, is on the methods page. Coverage: a site without a source link is listed as recorded and its figures are not shown as sourced. - **When was this data center data last updated?** The public figures on this page are as of 31 October 2026. They change as sites, sources and deals are added. Coverage: this is the date of the latest public export of counts, not of every record in the workspace. ## Countries - [Germany (44 sites)](https://realassets.analystai.ai/eu-data-centers/regions/germany) - [France (39 sites)](https://realassets.analystai.ai/eu-data-centers/regions/france) - [United Kingdom (28 sites)](https://realassets.analystai.ai/eu-data-centers/regions/united-kingdom) - [Spain (21 sites)](https://realassets.analystai.ai/eu-data-centers/regions/spain) - [Netherlands (20 sites)](https://realassets.analystai.ai/eu-data-centers/regions/netherlands) - [Finland (17 sites)](https://realassets.analystai.ai/eu-data-centers/regions/finland) - [Denmark (9 sites)](https://realassets.analystai.ai/eu-data-centers/regions/denmark) - [Sweden (9 sites)](https://realassets.analystai.ai/eu-data-centers/regions/sweden) - [Italy (8 sites)](https://realassets.analystai.ai/eu-data-centers/regions/italy) - [Ireland (7 sites)](https://realassets.analystai.ai/eu-data-centers/regions/ireland) - [Norway (7 sites)](https://realassets.analystai.ai/eu-data-centers/regions/norway) - [Turkey (7 sites)](https://realassets.analystai.ai/eu-data-centers/regions/turkey) - [Belgium (6 sites)](https://realassets.analystai.ai/eu-data-centers/regions/belgium) - [Austria (5 sites)](https://realassets.analystai.ai/eu-data-centers/regions/austria) - [Poland (5 sites)](https://realassets.analystai.ai/eu-data-centers/regions/poland) ## Top cities - [Frankfurt, Germany (21 sites)](https://realassets.analystai.ai/eu-data-centers/cities/frankfurt) - [Amsterdam, Netherlands (12 sites)](https://realassets.analystai.ai/eu-data-centers/cities/amsterdam) - [Saint-Denis, France (8 sites)](https://realassets.analystai.ai/eu-data-centers/cities/saint-denis) - [Marseille, France (7 sites)](https://realassets.analystai.ai/eu-data-centers/cities/marseille) - [Slough, United Kingdom (7 sites)](https://realassets.analystai.ai/eu-data-centers/cities/slough) - [Dublin, Ireland (6 sites)](https://realassets.analystai.ai/eu-data-centers/cities/dublin) - [Espoo, Finland (6 sites)](https://realassets.analystai.ai/eu-data-centers/cities/espoo) - [Istanbul, Turkey (6 sites)](https://realassets.analystai.ai/eu-data-centers/cities/istanbul) - [Alcobendas, Spain (5 sites)](https://realassets.analystai.ai/eu-data-centers/cities/alcobendas) - [Vienna, Austria (5 sites)](https://realassets.analystai.ai/eu-data-centers/cities/vienna) - [Ballerup, Denmark (4 sites)](https://realassets.analystai.ai/eu-data-centers/cities/ballerup) - [Dusseldorf, Germany (4 sites)](https://realassets.analystai.ai/eu-data-centers/cities/dusseldorf) ## Top operators - [Equinix (64 sites)](https://realassets.analystai.ai/eu-data-centers/operators/equinix) - [Digital Realty (43 sites)](https://realassets.analystai.ai/eu-data-centers/operators/digital-realty) - [Microsoft (12 sites)](https://realassets.analystai.ai/eu-data-centers/operators/microsoft) - [Vantage Data Centers (9 sites)](https://realassets.analystai.ai/eu-data-centers/operators/vantage-data-centers) - [Google (8 sites)](https://realassets.analystai.ai/eu-data-centers/operators/google) - [NTT (7 sites)](https://realassets.analystai.ai/eu-data-centers/operators/ntt) - [Iron Mountain (6 sites)](https://realassets.analystai.ai/eu-data-centers/operators/iron-mountain) - [atNorth (5 sites)](https://realassets.analystai.ai/eu-data-centers/operators/atnorth) - [CyrusOne (5 sites)](https://realassets.analystai.ai/eu-data-centers/operators/cyrusone) - [NTT Global Data Centers (4 sites)](https://realassets.analystai.ai/eu-data-centers/operators/ntt-global-data-centers) - [Amazon (3 sites)](https://realassets.analystai.ai/eu-data-centers/operators/amazon) - [Meta (3 sites)](https://realassets.analystai.ai/eu-data-centers/operators/meta) - [DATA4 (3 sites)](https://realassets.analystai.ai/eu-data-centers/operators/data4) - [Green Mountain (3 sites)](https://realassets.analystai.ai/eu-data-centers/operators/green-mountain) ## Operator footprints by country - [Equinix in Germany (15 sites)](https://realassets.analystai.ai/eu-data-centers/operators/equinix-in-germany) - [Equinix in France (12 sites)](https://realassets.analystai.ai/eu-data-centers/operators/equinix-in-france) - [Equinix in Netherlands (11 sites)](https://realassets.analystai.ai/eu-data-centers/operators/equinix-in-netherlands) - [Equinix in Finland (6 sites)](https://realassets.analystai.ai/eu-data-centers/operators/equinix-in-finland) - [Equinix in Spain (5 sites)](https://realassets.analystai.ai/eu-data-centers/operators/equinix-in-spain) - [Equinix in Sweden (3 sites)](https://realassets.analystai.ai/eu-data-centers/operators/equinix-in-sweden) - [Equinix in United Kingdom (3 sites)](https://realassets.analystai.ai/eu-data-centers/operators/equinix-in-united-kingdom) - [Digital Realty in France (19 sites)](https://realassets.analystai.ai/eu-data-centers/operators/digital-realty-in-france) - [Digital Realty in Germany (9 sites)](https://realassets.analystai.ai/eu-data-centers/operators/digital-realty-in-germany) - [Digital Realty in Denmark (4 sites)](https://realassets.analystai.ai/eu-data-centers/operators/digital-realty-in-denmark) - [Digital Realty in Austria (3 sites)](https://realassets.analystai.ai/eu-data-centers/operators/digital-realty-in-austria) - [Vantage Data Centers in Germany (3 sites)](https://realassets.analystai.ai/eu-data-centers/operators/vantage-data-centers-in-germany) - [Vantage Data Centers in United Kingdom (3 sites)](https://realassets.analystai.ai/eu-data-centers/operators/vantage-data-centers-in-united-kingdom) - [NTT in Germany (3 sites)](https://realassets.analystai.ai/eu-data-centers/operators/ntt-in-germany) - [CyrusOne in Germany (3 sites)](https://realassets.analystai.ai/eu-data-centers/operators/cyrusone-in-germany) - [NTT Global Data Centers in United Kingdom (3 sites)](https://realassets.analystai.ai/eu-data-centers/operators/ntt-global-data-centers-in-united-kingdom) - [Green Mountain in Norway (3 sites)](https://realassets.analystai.ai/eu-data-centers/operators/green-mountain-in-norway) ## Primary filings and disclosed operator figures - **[Equinix](https://realassets.analystai.ai/eu-data-centers/operators/equinix)** · [CPP Investments and Equinix to acquire atNorth from Partners Group for US$4 billion EV](https://www.sec.gov/Archives/edgar/data/1101239/000110123926000051/a2026-geminipressreleasexf.htm) (8-K / Earnings Release · 2026): Equinix Form 8-K: CPP Investments and Equinix agree to acquire Nordic data center operator atNorth from Partners Group for an enterprise value of $4.0 billion (Equinix 40% stake, CPP Investments 60% stake). - **[Equinix](https://realassets.analystai.ai/eu-data-centers/operators/equinix)** · [Equinix Form 8-K, Item 2.02: second quarter 2026 results](https://investor.equinix.com/sec-filings/all-sec-filings/content/0001101239-26-000145/0001101239-26-000145.pdf) (8-K / Earnings Release · Q2 2026): Equinix Q2 2026 Form 8-K (Item 2.02): Reports Q2 2026 revenue of $2.625 billion (up 16%), adjusted EBITDA of $1.396 billion (53% margin), AFFO of $1.168 billion, $424 million of annualized gross bookings, 9,700 net interconnections added, 52 major projects underway across 33 markets, and FY 2026 guided capital expenditures of $5.000 to $6.000 billion. - **[Equinix](https://realassets.analystai.ai/eu-data-centers/operators/equinix)** · [Equinix Form 10-Q for quarter ended 2026-03-31](https://investor.equinix.com/sec-filings/all-sec-filings/content/0001101239-26-000091/0001101239-26-000091.pdf) (10-Q · 2026-03-31): Equinix Q1 2026 Form 10-Q: Reports 281 data centers across 77 markets globally (including 23 xScale hyperscale data centers), Q1 2026 revenue of $2.444 billion, adjusted EBITDA of $1.245 billion, AFFO of $1.065 billion, $1.256 billion in Q1 capital expenditures ($705 million Americas, $329 million EMEA, $222 million Asia-Pacific), and $22.08 billion in total debt principal outstanding. - **[Equinix](https://realassets.analystai.ai/eu-data-centers/operators/equinix)** · [Equinix Form 10-K for fiscal year ended 2025-12-31](https://investor.equinix.com/sec-filings/all-sec-filings/content/0001101239-26-000032/0001101239-26-000032.pdf) (10-K · 2025-12-31): Equinix FY 2025 Form 10-K: Reports FY 2025 revenue of $9.217 billion, adjusted EBITDA of $4.530 billion, AFFO of $3.761 billion, and capital expenditures of $4.311 billion across 32.4 million gross sq ft globally, with 51,900 cabinets under construction ($6.549 billion estimated completion cost) and over 500,000 interconnections. - **[Equinix](https://realassets.analystai.ai/eu-data-centers/operators/equinix)** · [Document](https://www.sec.gov/Archives/edgar/data/1101239/000110123926000145/a991eqix-q226xpr.htm) (8-K · Q2 2026): “We delivered an exceptionally strong Q2. Monthly recurring revenue grew double digits for the third straight quarter, new interconnections on our platform hit a record level, and disciplined execution drove robust profit growth,” said Adaire Fox-Martin, CEO and President, Equini - **[Digital Realty](https://realassets.analystai.ai/eu-data-centers/operators/digital-realty)** · [https://www.sec.gov/Archives/edgar/data/1297996/000110465926086270/dlr-20260723xex99d1.htm](https://www.sec.gov/Archives/edgar/data/1297996/000110465926086270/dlr-20260723xex99d1.htm) (8-K): During the second quarter of 2026, Digital Realty acquired: Digital Realty delivered record Core FFO per share in the quarter, reflecting robust customer demand and strong execution across our core pillars of growth,” said President and Chief Executive Officer Andy Power. “Digita - **[Digital Realty](https://realassets.analystai.ai/eu-data-centers/operators/digital-realty)** · [Digital Realty acquires 1,440-acre Astra Enterprise Park site near Kansas City for about $475 million](https://www.sec.gov/Archives/edgar/data/1297996/000119312526276844/d50837dex991.htm) (8-K · 2026): Digital Realty Form 8-K: Announces acquisition of the 1,440-acre Astra Enterprise Park development site near Charlotte, North Carolina, supporting up to 2 GW of potential data center capacity. - **[Digital Realty](https://realassets.analystai.ai/eu-data-centers/operators/digital-realty)** · [Digital Realty to buy Blackstone blended 64% interest in Digital Carver Dulles 9 and Brickyard JVs (three Northern Virginia hyperscale data centers)](https://www.sec.gov/Archives/edgar/data/1297996/000119312526288761/d100507d8k.htm) (8-K · 2026): Digital Realty Form 8-K (June 29, 2026): Agrees to acquire Blackstone's blended 64% interest in four hyperscale data center campuses across Frankfurt, Paris, and Northern Virginia for approximately $1.55 billion, spanning 10 facilities with 413 MW of planned IT load (234 MW operating and 179 MW under construction or planned). - **[Digital Realty](https://realassets.analystai.ai/eu-data-centers/operators/digital-realty)** · [Digital Realty Trust Form 10-K, fiscal year 2025](https://www.sec.gov/Archives/edgar/data/1297996/000110465926015365/dlr-20251231x10k.htm) (10-K · FY 2025): Digital Realty FY 2025 Form 10-K: Discloses 308 data centers globally (121 in the United States, 112 in Europe, 36 in Latin America, 16 in Asia, 16 in Africa, 6 in Australia, and 3 in Canada), led by Northern Virginia (16 facilities, 5.20 million sq ft), Dallas (16 facilities, 2.66 million sq ft), Chicago (7 facilities, 2.23 million sq ft), Frankfurt (24 facilities, 2.10 million sq ft), Johannesburg (5 facilities, 1.68 million sq ft), Amsterdam (13 facilities, 1.43 million sq ft), London (13 facilities, 1.35 million sq ft), Paris (12 facilities, 1.26 million sq ft), and Singapore (3 facilities, 810,000 sq ft). - **[Digital Realty](https://realassets.analystai.ai/eu-data-centers/operators/digital-realty)** · [https://www.sec.gov/Archives/edgar/data/1297996/000110465926120212/dlr-ex99d1.htm](https://www.sec.gov/Archives/edgar/data/1297996/000110465926120212/dlr-ex99d1.htm) (8-K): “Digital Realty extended its track record of execution in the third quarter with record leasing, an expanding backlog, and another quarter of double-digit earnings growth,” said Digital Realty President and Chief Executive Officer Andy Power. During the third quarter of 2026, Dig - **Operator** · [CPP Investments and Equinix to acquire atNorth from Partners Group for US$4 billion EV](https://www.sec.gov/Archives/edgar/data/1101239/000110123926000051/a2026-geminipressreleasexf.htm) (8-K / Earnings Release · 2026): Equinix Form 8-K: CPP Investments and Equinix agree to acquire Nordic data center operator atNorth from Partners Group for an enterprise value of $4.0 billion (Equinix 40% stake, CPP Investments 60% stake). - **Operator** · [Equinix Form 8-K, Item 2.02: second quarter 2026 results](https://investor.equinix.com/sec-filings/all-sec-filings/content/0001101239-26-000145/0001101239-26-000145.pdf) (8-K / Earnings Release · Q2 2026): Equinix Q2 2026 Form 8-K (Item 2.02): Reports Q2 2026 revenue of $2.625 billion (up 16%), adjusted EBITDA of $1.396 billion (53% margin), AFFO of $1.168 billion, $424 million of annualized gross bookings, 9,700 net interconnections added, 52 major projects underway across 33 markets, and FY 2026 guided capital expenditures of $5.000 to $6.000 billion. - **Operator** · [Equinix Form 10-Q for quarter ended 2026-03-31](https://investor.equinix.com/sec-filings/all-sec-filings/content/0001101239-26-000091/0001101239-26-000091.pdf) (10-Q · 2026-03-31): Equinix Q1 2026 Form 10-Q: Reports 281 data centers across 77 markets globally (including 23 xScale hyperscale data centers), Q1 2026 revenue of $2.444 billion, adjusted EBITDA of $1.245 billion, AFFO of $1.065 billion, $1.256 billion in Q1 capital expenditures ($705 million Americas, $329 million EMEA, $222 million Asia-Pacific), and $22.08 billion in total debt principal outstanding. - **Operator** · [Equinix Form 10-K for fiscal year ended 2025-12-31](https://investor.equinix.com/sec-filings/all-sec-filings/content/0001101239-26-000032/0001101239-26-000032.pdf) (10-K · 2025-12-31): Equinix FY 2025 Form 10-K: Reports FY 2025 revenue of $9.217 billion, adjusted EBITDA of $4.530 billion, AFFO of $3.761 billion, and capital expenditures of $4.311 billion across 32.4 million gross sq ft globally, with 51,900 cabinets under construction ($6.549 billion estimated completion cost) and over 500,000 interconnections. - **Operator** · [Document](https://www.sec.gov/Archives/edgar/data/1101239/000110123926000145/a991eqix-q226xpr.htm) (8-K · Q2 2026): “We delivered an exceptionally strong Q2. Monthly recurring revenue grew double digits for the third straight quarter, new interconnections on our platform hit a record level, and disciplined execution drove robust profit growth,” said Adaire Fox-Martin, CEO and President, Equini - **Operator** · [https://www.sec.gov/Archives/edgar/data/1297996/000110465926086270/dlr-20260723xex99d1.htm](https://www.sec.gov/Archives/edgar/data/1297996/000110465926086270/dlr-20260723xex99d1.htm) (8-K): During the second quarter of 2026, Digital Realty acquired: Digital Realty delivered record Core FFO per share in the quarter, reflecting robust customer demand and strong execution across our core pillars of growth,” said President and Chief Executive Officer Andy Power. “Digita - **Operator** · [Digital Realty acquires 1,440-acre Astra Enterprise Park site near Kansas City for about $475 million](https://www.sec.gov/Archives/edgar/data/1297996/000119312526276844/d50837dex991.htm) (8-K · 2026): Digital Realty Form 8-K: Announces acquisition of the 1,440-acre Astra Enterprise Park development site near Charlotte, North Carolina, supporting up to 2 GW of potential data center capacity. - **Operator** · [Digital Realty to buy Blackstone blended 64% interest in Digital Carver Dulles 9 and Brickyard JVs (three Northern Virginia hyperscale data centers)](https://www.sec.gov/Archives/edgar/data/1297996/000119312526288761/d100507d8k.htm) (8-K · 2026): Digital Realty Form 8-K (June 29, 2026): Agrees to acquire Blackstone's blended 64% interest in four hyperscale data center campuses across Frankfurt, Paris, and Northern Virginia for approximately $1.55 billion, spanning 10 facilities with 413 MW of planned IT load (234 MW operating and 179 MW under construction or planned). - **Operator** · [Digital Realty Trust Form 10-K, fiscal year 2025](https://www.sec.gov/Archives/edgar/data/1297996/000110465926015365/dlr-20251231x10k.htm) (10-K · FY 2025): Digital Realty FY 2025 Form 10-K: Discloses 308 data centers globally (121 in the United States, 112 in Europe, 36 in Latin America, 16 in Asia, 16 in Africa, 6 in Australia, and 3 in Canada), led by Northern Virginia (16 facilities, 5.20 million sq ft), Dallas (16 facilities, 2.66 million sq ft), Chicago (7 facilities, 2.23 million sq ft), Frankfurt (24 facilities, 2.10 million sq ft), Johannesburg (5 facilities, 1.68 million sq ft), Amsterdam (13 facilities, 1.43 million sq ft), London (13 facilities, 1.35 million sq ft), Paris (12 facilities, 1.26 million sq ft), and Singapore (3 facilities, 810,000 sq ft). - **Operator** · [https://www.sec.gov/Archives/edgar/data/1297996/000110465926120212/dlr-ex99d1.htm](https://www.sec.gov/Archives/edgar/data/1297996/000110465926120212/dlr-ex99d1.htm) (8-K): “Digital Realty extended its track record of execution in the third quarter with record leasing, an expanding backlog, and another quarter of double-digit earnings growth,” said Digital Realty President and Chief Executive Officer Andy Power. During the third quarter of 2026, Dig - **Operator** · [Microsoft Corporation FY 2025 Form 10-K Annual Report (Cloud & AI Datacenter Capital Expenditures & Lease Commitments)](https://www.sec.gov/Archives/edgar/data/789019/000095017025100235/msft-20250630.htm) (10-K · FY 2025): Discloses $64.6B in FY 2025 additions to property and equipment and over $108B in finance leases not yet commenced for hyperscale cloud and AI datacenters across 60+ announced Azure regions in the United States, Europe, and Asia-Pacific. - **Operator** · [Vantage Data Centers $9.2B North America & EUR 1.5B EMEA Equity Financing & 35-Campus Report](https://vantage-dc.com/news/vantage-data-centers-completes-9-2-billion-equity-investment-led-by-digitalbridge-and-silver-lake/) (8-K / Earnings Release · 2025): Details $9.2B in upsized equity investment led by DigitalBridge and Silver Lake alongside €1.5B from AustralianSuper across 35+ hyperscale campuses totaling >2.6 GW in North America (Ashburn, Quincy, Santa Clara, Phoenix, Atlanta, Columbus), EMEA (Frankfurt, Berlin, Zurich, Milan, Dublin, Cardiff, London), and APAC (Cyberjaya, Taipei, Osaka, Melbourne). - **Operator** · [Alphabet 2025 Annual Report on Form 10-K](https://www.sec.gov/Archives/edgar/data/1652044/000165204426000018/goog-20251231.htm) (10-K · FY 2025): Alphabet FY 2025 Form 10-K (Note 4 Leases & Note 6 Commitments): Discloses $91.45 billion in purchases of property and equipment in 2025 (up from $52.54 billion in 2024), $58.5 billion in uncommenced lease commitments primarily for data centers ($5.8 billion short-term and $52.7 billion long-term, commencing 2026 to 2031 over 1 to 25 year terms), $15.90 billion in credit backstop obligations for third-party data center leases, and a definitive agreement to acquire data center and energy developer Intersect for $4.8 billion in cash plus assumed debt. - **Operator** · [Alphabet Inc. FY 2024 Form 10-K Annual Report (Technical Infrastructure & Data Center Capital Expenditures)](https://www.sec.gov/Archives/edgar/data/1652044/000165204425000014/goog-20241231.htm) (10-K · FY 2024): Reports $52.5B in FY 2024 capital expenditures primarily for technical infrastructure including servers, TPU clusters, and global hyperscale data center campuses across North America, Europe, and Asia-Pacific, alongside $75B projected FY 2025 technical infrastructure investment. - **Operator** · [Alphabet Q4 2024 Earnings Release](https://s206.q4cdn.com/479360582/files/doc_financials/2024/q4/2024q4-alphabet-earnings-release.pdf) (8-K / Earnings Release · Q4 2024): This earnings release details Alphabet's financial performance for the fourth quarter and fiscal year ended December 31, 2024. It provides consolidated revenue figures, segment operating results for Google Services and Google Cloud, and key metrics such as operating income, net income, and employee headcount. - **Operator** · [NTT Corporation (TSE: 9432) FY2024 Financial Results & Global Data Center REIT Spin-Off Filing](https://group.ntt/en/ir/library/results/) (Annual Report · FY 2024): Details NTT Group's ¥1.5 trillion ($10B+) global data center investment program through FY2027 and the listing of the US$1.6B NTT DC REIT in Singapore backed by stabilized hyperscale assets in the United States, Europe, and Asia-Pacific. - **Operator** · [Iron Mountain Incorporated Form 10-K, fiscal year 2025](https://www.sec.gov/Archives/edgar/data/1020569/000102056926000013/irm-20251231.htm) (10-K · FY 2025): Iron Mountain FY 2025 Form 10-K: Reports 488 MW of operating leasable data center capacity as of December 31, 2025, plus 852 MW under construction or held for development, for a total potential data center portfolio capacity of 1,340 MW. - **Operator** · [atNorth (Partners Group) Nordic Sustainable Hyperscale Data Center Portfolio & EUR 1B+ Expansion Report](https://atnorth.com/news/) (Annual Report · 2025): Covers atNorth's 10 Nordic data center campuses across Iceland (ICE01 Reykjavik, ICE02 Keflavik, ICE03 Akureyri), Sweden (SWE01 Stockholm, SWE02 Kista, SWE03 Solleftea mega-site), Finland (FIN01 Espoo, FIN02 Helsinki, FIN04 Kouvola 60MW+), and Denmark (DEN01 Odense, DEN02 Varde 250MW). - **Operator** · [CyrusOne (KKR & Global Infrastructure Partners) 2025 Sustainability & Global Portfolio Report](https://www.cyrusone.com/sustainability/sustainability-report/) (Annual Report · 2025): Details CyrusOne's 55+ operational and under-development hyperscale data centers across North America (Northern Virginia, Dallas-Fort Worth, Phoenix, San Antonio, Chicago, Aurora), Europe (Frankfurt FRA1-FRA7, London, Amsterdam, Madrid, Milan), and Japan (Osaka OSK1), supported by $9.7B in green warehouse and ABS debt facilities. - **Operator** · [NTT Group Integrated Report 2025 - NTT Global Data Centers $10B+ Expansion & 2.2 GW Global Footprint](https://group.ntt/en/ir/library/annual/) (Annual Report · FY 2024): Reports NTT DATA / NTT Global Data Centers operating over 150 data centers across 20+ countries with 1,500+ MW of active IT load and a >700 MW development pipeline across North America (Ashburn, Hillsboro, Phoenix, Chicago), EMEA (London, Frankfurt, Madrid, Milan), and APAC (Tokyo, Osaka, Cyberjaya, Singapore, Mumbai). - **Operator** · [Amazon 2025 Annual Report on Form 10-K](https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm) (10-K · FY 2025): Amazon FY 2025 Form 10-K (Note 4 & Segment Disclosures): AWS property and equipment additions (including finance leases) reached $96.50 billion in 2025 (up from $53.27 billion in 2024 and $24.84 billion in 2023), out of $142.35 billion in consolidated capital additions. As of December 31, 2025, the AWS segment comprised 28.4 million leased square feet and 28.5 million owned square feet (excluding corporate facilities), backed by approximately 200 million megawatt-hours of long-term contracted energy (16-year weighted-average remaining duration). - **Operator** · [Amazon.com, Inc. FY 2024 Form 10-K Annual Report (AWS Data Center CapEx & Leased/Owned Square Footage)](https://www.sec.gov/Archives/edgar/data/1018724/000101872425000004/amzn-20241231.htm) (10-K · FY 2024): Discloses $83.0B in total FY 2024 property and equipment additions driven by AWS AI and cloud infrastructure, 49.7M sq ft of owned and 26.4M sq ft of leased AWS data center facilities globally, and multi-gigawatt nuclear and renewable power agreements across Virginia, Ohio, Pennsylvania, Oregon, and Mississippi. - **Operator** · [Meta 8-K 2026-10-21](https://www.sec.gov/Archives/edgar/data/1326801/000162828026066700/meta-20261019.htm) (8-K · 2026): Meta (SEC EDGAR) Meta 8-K 2026-10-21 (2026, United States): - **Operator** · [Meta 10-Q 2026-10-22](https://www.sec.gov/Archives/edgar/data/1326801/000162828026066773/meta-20260930.htm) (10-Q · Q3 2026): Meta Q3 2026 Form 10-Q: Reports Q3 2026 total revenue of $64.60 billion (up 26% year-over-year) and continued expansion of AI and technical infrastructure capital expenditures across owned data center campuses and third-party colocation commitments. - **Operator** · [Meta 2025 Annual Report on Form 10-K](https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm) (10-K · FY 2025): Meta FY 2025 Form 10-K (Item 2, Note 5 & Note 9 Leases): Discloses 30 owned data center locations globally plus leased data center and colocation sites, $233.73 billion in gross property and equipment ($176.40 billion net) including $50.52 billion of construction in progress (mostly data centers and network infrastructure, up from $26.80 billion in 2024), $103.77 billion in uncommenced lease obligations (mostly for data centers and colocations, commencing 2026 to 2030 over 1 to 30 year terms), and a $4.30 billion net asset contribution in October 2025 to a joint venture co-developing a data center campus in Louisiana. - **Operator** · [DATA4 Group (Brookfield Infrastructure) EUR 7B European Hyperscale Investment & 1.5 GW Campus Report](https://www.data4group.com/en/press-releases/) (Annual Report · 2025): Details DATA4's €7B investment plan through 2030 across 35+ data centers in France (Marcoussis Paris-Saclay, Nozay), Italy (Cornaredo & Vittuone Milan), Spain (Alcobendas & San Agustin del Guadalix Madrid), Poland (Jawczyce Warsaw), Germany (Hanau Grossauheim 180MW), and Greece (Paiania Athens). - **Operator** · [Green Mountain (Azrieli Group) 2025 Sustainability & Hydro-Powered Data Center Portfolio Report](https://greenmountain.no/sustainability/) (Sustainability Report · 2025): Details Green Mountain's 100% renewable hydro-powered data center campuses across Norway (SVG1 Rennesøy, SVG2 Kalberg 90MW+, RJU1 Rjukan, OSL1 Enebakk 120MW, OSL2 Hamar 150MW TikTok campus), London (LON1 East, Romford), and Frankfurt (FRA1 Mainz 54MW JV with KMW). - **Operator** · [QTS Data Centers (Blackstone BREIT / BPP) Global Hyperscale Portfolio & 3+ GW Pipeline Report](https://www.qtsdatacenters.com/about-us/esg) (Annual Report · 2025): Covers QTS's $25B+ leased development pipeline across Northern Virginia (Manassas, Ashburn), Phoenix (Glendale, Tempe), Atlanta (Fayeteville, Suwanee), Dallas-Fort Worth (Fort Worth, Irving), New Albany, Cedar Rapids, and Europe (Eemshaven, Groningen, Northumberland Cambois). - **Operator** · [CloudHQ Global Hyperscale Data Center Campus Portfolio & Multi-Billion Project Financing Report](https://www.cloudhq.com/news/) (Annual Report · 2025): Discloses CloudHQ's hyperscale campus developments across Northern Virginia (Manassas, Ashburn, Culpeper), Mount Prospect (Chicago, Illinois), Chaska (Minnesota), Offenbach (Frankfurt), Didcot (Oxfordshire, UK), and Lisses (Paris, France). - **Operator** · [Echelon Data Centres (Starwood Capital Group $850M Investment) Ireland & UK Hyperscale Portfolio Report](https://echelondatacentres.com/news/) (Annual Report · 2025): Discloses Starwood Capital's $850M (50% stake) investment in Echelon Data Centres, backing over 500 MW of operational and planned capacity across DUB10 Clondalkin, DUB20 Arklow (200 MW with 220kV substation), DUB30, and London (LCY10, LCY20). - **Operator** · [EcoDataCenter (Areim) SEK 15B+ Capital Raise & Falun / Borlänge AI Data Center Campus Report](https://ecodatacenter.de/news/) (Annual Report · 2025): Details over SEK 15B (€1.3B+) raised by Areim and EcoDataCenter to expand its renewable-powered Falun campus and the 240+ MW Kvarnsveden (Borlänge) hyperscale AI data center campus in Dalarna, Sweden. - **Operator** · [Yondr Group (DigitalBridge & La Caisse) Global Hyperscale Campus Portfolio (Slough, Frankfurt, Johor, Loudoun)](https://www.yondrgroup.com/news/) (Annual Report · 2025): Covers Yondr Group's 1+ GW hyperscale development portfolio across London Slough (100 MW campus across 3 buildings), Frankfurt (40 MW Bischofsheim), Johor Sedenak Tech Park (300 MW campus backed by $150M IFC loan), Northern Virginia (Loudoun County 96 MW), and Toronto (27 MW). - **Operator** · [Ark Data Centres (Elliott Investment Management) UK Sovereign & Hyperscale Campus Report](https://www.arkdatacentres.co.uk/sustainability/) (Annual Report · 2025): Details Ark Data Centres' UK campus portfolio across Cody Park (Farnborough), Spring Park (Corsham), Meridian Park (Enfield), Union Park (Hayes, West London), Longcross Park (Chertsey, 100+ MW), and Hawthorn Park (Melksham). - **Operator** · [KDDI Corporation Integrated Report 2025 - Telehouse Global Interconnection & Data Center Portfolio](https://www.kddi.com/english/corporate/ir/library/annual-report/) (Annual Report · FY 2025): Details KDDI's Telehouse colocation and interconnection portfolio spanning 45+ sites in 10+ countries, anchored by Telehouse London Docklands (including £275M Telehouse South), Telehouse Paris (Voltaire, Magny-les-Hameaux), Telehouse Frankfurt, and Tokyo/Osaka. - **Operator** · [CoreWeave Ellendale ND - SEC 8-k filing](https://www.sec.gov/Archives/edgar/data/1144879/000164117225013199/form8-k.htm) (8-K): # SEC 8-k filing Primary Source URL: https://www.sec.gov/Archives/edgar/data/1144879/000164117225013199/form8-k.htm Publisher: US Securities and Exchange Commission Referenced Frontier Data Center Campus: CoreWeave Ellendale ND (Ellendale, United States) Evidence Summary: Primary - **Operator** · [Applied Digital 10-Q 2026-10-07](https://www.sec.gov/Archives/edgar/data/1144879/000114487926000059/apld-20260831.htm) (10-Q · May 2026): Applied Digital reported $262.6M of HPC Hosting Business revenue and $37.8M of Data Center Hosting revenue for the three months ended August 31, 2026. Its Polaris Forge 1 campus (Ellendale, ND) reached its full 150 MW second HPC building as of filing, with a 150 MW third building under construction for 2027, while Polaris Forge 2 (300 MW), Polaris Forge 3 (300 MW) and Delta Forge 1 (300 MW) are under construction. On October 4, 2026 the company signed a PPA with Base Electron for ~1,200 MW of dedicated natural gas generation for the Polaris Forge 3 expansion. - **Operator** · [Applied Digital Form 10-K for fiscal year ended 2026-05-31](https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000048/0001144879-26-000048.pdf) (10-K · 2026-05-31): This is the Annual Report on Form 10-K for Applied Digital Corporation for the fiscal year ended May 31, 2026. The document provides comprehensive disclosures regarding the company's business operations, risk factors, financial condition, and property holdings as required by the SEC. - **Operator** · [Applied Digital Corp. Form 10-K, fiscal year ended May 31, 2026](https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm) (10-K · FY 2026): As of May 31, 2026, Applied Digital had executed long-term HPC leases for approximately 1,410 MW of critical IT load across five campuses, representing about $36.2B of total contracted revenue over initial 15-year base terms. Roughly 1.5 GW is contracted and operating or under construction, of which about 100 MW was operating and revenue-generating, with an active power pipeline of over 3 GW and an extended pipeline of more than 5 GW. The legacy Data Center Hosting Business operates 286 MW across Jamestown and Ellendale, North Dakota. - **Operator** · [Applied Digital Form 8-K, Item 7.01: investor presentation](https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000036/0001144879-26-000036.pdf) (Presentation · 2026): This Form 8-K filing by Applied Digital Corporation announces the company's entry into a new lease agreement at its Delta Forge 1 Campus. It includes an updated investor presentation and a press release detailing the company's latest operational developments. - **Operator** · [Applied Digital Form 10-K for fiscal year ended 2025-05-31](https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-25-000021/0001144879-25-000021.pdf) (10-K · 2025-05-31): This is the Annual Report on Form 10-K for Applied Digital Corporation for the fiscal year ended May 31, 2025. It provides comprehensive financial statements, business operations, risk factors, and property disclosures for the company's data center and digital infrastructure operations in the United States. - **Operator** · [IREN Limited (Iris Energy, NASDAQ: IREN) FY25 Form 20-F Annual Report (Childress 750MW & Sweetwater 2GW)](https://www.sec.gov/Archives/edgar/data/1878848/000110465925084210/iren-20250630x20f.htm#iris) (10-K · FY 2025): Discloses 810 MW of operating data center capacity and a 2,910 MW grid-connected power and land portfolio across Childress, Texas (750 MW), Sweetwater, Texas (1,400 MW Sweetwater 1 and 600 MW Sweetwater 2), and British Columbia (160 MW across Canal Flats, Mackenzie, and Prince George). - **Operator** · [Nebius Group N.V. (NASDAQ: NBIS) Form 20-F Annual Report (Mäntsälä 75MW Expansion & New Jersey 300MW AI Factory)](https://www.sec.gov/Archives/edgar/data/1513845/000110465925041200/nbis-20241231x20f.htm) (10-K · FY 2024): Details Nebius's $2.4B cash balance and $700M NVIDIA/Accel private placement funding the expansion of its owned Mäntsälä data center in Finland to 75 MW, a 300 MW greenfield AI data center campus in Vineland, New Jersey, and colocation clusters in Kansas City, Paris, and Iceland. - **Operator** · [STACK Infrastructure (Blue Owl / IPI Partners) Global 4+ GW Hyperscale Campus Report](https://www.stackinfra.com/about/news-press/) (Annual Report · 2025): Details STACK Infrastructure's multi-gigawatt operational and development footprint across Americas (Northern Virginia, Portland/Hillsboro, Phoenix, Dallas, Silicon Valley, Chicago, New Albany, Toronto), EMEA (Milan, Frankfurt, Geneva, Zurich, Oslo), and APAC (Tokyo, Osaka, Seoul, Johor Bahru 220MW, Melbourne, Canberra, Perth). - **Operator** · [CoreWeave, Inc. Form 10-K, fiscal year 2025](https://www.sec.gov/Archives/edgar/data/1769628/000176962826000104/crwv-20251231.htm) (10-K · FY 2025): CoreWeave FY 2025 Form 10-K: Discloses 43 operating data centers with over 850 MW of active power as of December 31, 2025 (up from 32 data centers and approximately 360 MW of active power as of December 31, 2024), with more than 3.1 GW of contracted power capacity across its development pipeline.