I Squared Capital has acquired ten data centers from Cogent Fiber for $225 million, with plans to invest an additional billion dollars. The facilities total 53 megawatts and 259,000 square feet in Chicago, Atlanta, and Houston. The operation aims to create a platform focused on AI inference, reflecting the trend toward infrastructure closer to end users.
AI Infrastructure: The New Focus on Local Inference 🏭
The acquisition marks a strategic shift toward edge data centers for inference tasks, where AI models process data in real time near the user. The facilities, distributed across three key markets, offer 53 megawatts of capacity. I Squared Capital plans to expand the platform with an additional billion dollars, competing in a sector where low latency is a priority over large hyperscale centers.
One Billion Dollars and a Move That Even ChatGPT Didn't Ask For 💸
I Squared Capital spent $225 million on data centers that look like industrial warehouses with wifi. Now it promises a billion more so that AI can infer, deduce, and maybe even make coffee. Because in 2025, if your data center isn't around the corner, artificial intelligence will take longer than your neighbor to return your drill. A bet that smells like money, not silicon.