STACK Infrastructure
STACK Infrastructure is a global hyperscale data center developer and operator serving cloud and AI customers with powered land, campus development, and purpose-built facilities across 24 markets in the Americas, EMEA, and Asia-Pacific.
- Company typePrivate
- Founded2019
- HeadquartersDenver, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What STACK Infrastructure does
STACK Infrastructure is a privately held global developer and operator of hyperscale data centers founded in 2019 and headquartered in Denver, Colorado. It develops, owns, and operates powered land, campus developments, and purpose-built single-tenant and multi-tenant data centers engineered for AI/ML and cloud workloads, with advanced cooling and high-density power designs. As of mid-2026 the company reports 8.5+ GW built and under development across 24 markets and roughly 45 campuses in the Americas (3,200 MW, 23 campuses), EMEA (643 MW, 19 campuses, post-divestiture), and Asia-Pacific (470 MW, 4-5 campuses), with a sustainability program that targets net-zero GHG by 2050 under the Science-Based Targets initiative.
The core technology stack centers on three differentiated offerings: (i) powered-land programs that deliver pre-entitled, development-ready land with secured utility power; (ii) campus development with design optionality for cloud density, AI/ML density, and custom build-to-suit deployments; and (iii) high-density AI/ML solutions tailored to GPU clusters, including advanced liquid-cooling architectures. STACK is Blue Owl Capital-owned following the 2024 acquisition via the IPI Partners transaction, and serves hyperscale cloud providers (AWS, Oracle), AI-native customers (Anthropic is a shortlisted bidder for the Australia 1.4+ GW project), large enterprises, and government/public-sector buyers.
Commercial revenue mechanics combine long-duration hyperscale leases (10-20 year terms) under subscription/recurring arrangements, one-time powered-land and campus-development licenses, and bespoke build-to-suit professional-services revenue. Pricing is fully quote-based with no public rate card. Go-to-market is exclusively direct enterprise field sales — there are no channel partners — anchored by dedicated local teams in Tokyo, London, Singapore, and across the Americas. The company has raised $20B+ in total debt capital since 2019 through securitized notes and green bonds, including $6B+ in 2025 alone across facilities for Virginia, Oregon, Toronto, North America stabilized assets, Melbourne, and Tokyo.
STACK Infrastructure firmographics
Firmographics- Name
- STACK Infrastructure
- Legal name
- STACK Infrastructure
- Website
- https://stackinfra.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- STACK Infrastructure is a global hyperscale data center developer and operator serving cloud and AI customers with powered land, campus development, and purpose-built facilities across 24 markets in the Americas, EMEA, and Asia-Pacific.
- Ownership category
- akta.pro rank
STACK Infrastructure industry classification
Industry- Product category
- Hyperscale Data Center Infrastructure
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Services-Facilities Support Management Services (8744)
- akta.pro primary industry
- Hyperscale Data Center Campuses (Build-to-Suit) (HDABACAC)
Keywords
Where STACK Infrastructure is headquartered
LocationHeadquarters
- HQ city
- Denver
- HQ country
- United States
- HQ region
- North America
Offices16 records
Markets served
STACK Infrastructure business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Data Center Colocation and Hosting: Long-term lease arrangements for hyperscale data center capacity. Clients include cloud providers, technology companies, and enterprises requiring scalable digital infrastructure. Revenue is generated through capacity reservations, power usage, and recurring colocation fees with typically 10-20 year contract terms.
- Powered Land and Campus Development: Development-ready sites with pre-entitled land, secured power, and utility connections sold or leased to hyperscale clients for custom facility development.
- Build-to-Suit Development: Purpose-built data center facilities constructed to client specifications with custom design, engineering, and delivery services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise colocation and hosting - custom quotation required |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
STACK Infrastructure product offering
Product offeringCore offering
STACK Infrastructure is a global developer and operator of hyperscale data centers, delivering powered land programs, campus development, build-to-suit facilities, and single-tenant and multi-tenant colocation capacity. The company serves hyperscale cloud providers, large enterprises, and AI companies with AI/ML-ready and cloud-ready infrastructure across 24 global markets in the Americas, EMEA, and Asia-Pacific regions, with 8.5+ GW of capacity built and under development.
Product overview
STACK Infrastructure is a global data center developer and operator offering a unified portfolio of digital infrastructure solutions. The core offering includes powered land programs, campus development services, single-tenant data centers, and multi-tenant solutions, all featuring AI/ML density and cloud density capabilities. The company operates across three major regions: Americas (3,200MW across 23 campuses in 10 markets including Northern Virginia, Dallas-Fort Worth, and Phoenix), Asia Pacific (470MW across 5 campuses in Melbourne, Sydney, Tokyo, Osaka, and Johor Bahru), and EMEA (643MW across 19 campuses across 7 European markets including Milan, Frankfurt, and Zurich). Key campus products include hyperscale facilities like NVA02 (420MW), STC (1.1GW), DFW02 (500MW), and regional flagship sites. The portfolio is unified by a commitment to sustainability, operational excellence, and delivery certainty.
Differentiator
Problem solved
Functional benefit
Products and services
- Powered Land Pre-entitled, development-ready land with secured power infrastructure and utility connections enabling rapid deployment for hyperscale clients in key global markets.
- Campus Development Development-ready powered campuses strategically located in key global markets for rapid mobilization, offering flexible cloud, AI/ML, and build-to-suit configurations for hyperscale clients.
- Single-Tenant Data Centers Purpose-built, dedicated data center facilities customized to specific density, performance, and scalability requirements, providing full control over security and operations for individual enterprise tenants.
- Multi-Tenant Solutions Multi-tenant colocation capacity in sought-after data center markets, offering single data hall starting points with clear expansion paths and immediate capacity for enterprises requiring adaptable infrastructure.
- Americas Data Centers Regional data center footprint across the Americas spanning key U.S. markets and Canada, with 23 campuses totaling 3,200MW across 1,360 acres including major sites in Northern Virginia, Dallas-Fort Worth, Phoenix, and Portland.
- Asia Pacific Data Centers Asia Pacific data center presence with 4 campuses across Johor Bahru, Melbourne, Osaka, Sydney, and Tokyo, totaling 470MW across 81 acres to support regional hyperscale and enterprise demand.
- EMEA Data Centers EMEA regional data center capacity spanning 19 campuses across 7 European markets including Copenhagen, Frankfurt, Geneva, Milan, Oslo, Stockholm, and Zurich, totaling 643MW across 280 acres.
- Sustainability Program Corporate responsibility service encompassing carbon measurement, energy efficiency, water conservation, waste reduction, biodiversity protection, and renewable energy procurement aligned with the SBTi net-zero commitment by 2050.
Quantifiable outcome
- 8.5+ GW total capacity built and under development globally
- +3 more outcomes
Companies that use STACK Infrastructure
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
STACK Infrastructure technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
STACK Infrastructure partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship and core.
- Amazon Web Services (AWS)flagshipSTACK is partnering with Amazon for development and construction of multi-site data center campuses in Northwest Louisiana (Caddo and Bossier Parishes). AWS committed $12 billion to the project with STACK providing development expertise and infrastructure. STACK is also contributing $100,000 to the Amazon Northwest Louisiana Community Fund.
- OracleflagshipSTACK Infrastructure is delivering digital infrastructure for Oracle's planned Stargate campus in Doña Ana County, New Mexico. Oracle committed to deploy up to 4.5 GW of capacity at the facility as part of the $500 billion Stargate initiative led by OpenAI, SoftBank, and Oracle.
- BorderPlex Digital AssetscoreBorderPlex Digital Assets partnered with STACK for Project Jupiter - a $165 billion AI data center development in Doña Ana County, New Mexico. The project includes $56.9 million in water and community commitments and requires $50 billion investment over five years.
Scale indicators12 records
Recent moves9 records
Expansion highlights8 records
STACK Infrastructure competitors and assessment
Company assessmentDirect peers
- Equinix: The largest global colocation and interconnection operator (NASDAQ: EQIX), directly comparable to STACK as a multi-region data center provider serving hyperscale cloud and enterprise tenants with long-term lease revenue.
- Digital Realty Trust: A global hyperscale and enterprise data center REIT (NYSE: DLR) operating campuses across the Americas, EMEA, and APAC — a direct competitor for the same hyperscale build-to-suit RFPs that STACK is winning.
- Vantage Data Centers: Private equity-backed (DigitalBridge) hyperscale campus developer with a similarly multi-region footprint across North America, EMEA, and APAC; competes head-to-head with STACK for hyperscale powered-shell and build-to-suit mandates.
- CyrusOne: KKR/GIP-owned hyperscale data center operator focused on large-scale, single-tenant deployments across the U.S. and Europe; closely comparable to STACK's AI/ML density and build-to-suit campus model.
- Aligned Energy: Macquarie Asset Management-backed hyperscale data center provider with flagship campuses in the Americas (e.g., Phoenix, Dallas, Northern Virginia) targeting AI and high-density workloads analogous to STACK's NVA, DFW, and PHX campuses.
- Compass Datacenters: U.S.-focused hyperscale and enterprise campus developer serving major cloud providers; comparable to STACK in its multi-tenant and single-tenant build-to-suit offering and speed-to-delivery value proposition.
- EdgeConneX: Private hyperscale and edge data center operator (backed by EQT) with global capacity; overlaps with STACK on hyperscale build-to-suit campuses while also pursuing edge markets that complement STACK's hyperscale focus.
Emerging players
- Yondr Group: Emerging hyperscale campus developer focused on delivering greenfield, gigawatt-scale capacity for AI and cloud tenants — a directly comparable but smaller-scale competitor to STACK's mega-project pipeline.
Broad incumbents
- Iron Mountain Data Centers: Publicly listed storage and data center operator (NYSE: IRM) with a growing colocation and hyperscale portfolio; comparable to STACK's multi-tenant solutions and AI-ready high-density campuses.
- NTT Global Data Centers: Subsidiary of NTT Data offering global colocation, managed hosting, and hyperscale services across the same Americas / EMEA / APAC geographies STACK serves — overlapping customer base and regional footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
STACK Infrastructure social profiles
Digital presenceSTACK Infrastructure financial estimates
Financial estimateRevenue estimate
Valuation estimate
STACK Infrastructure leadership team
Management profileNumber of profiles
Profiles21 records
STACK Infrastructure subsidiaries and ownership
Company hierarchySubsidiaries1 record
STACK Infrastructure funding detail
Funding detailFunding overview
Funding rounds12 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
STACK Infrastructure M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about STACK Infrastructure
What does STACK Infrastructure do?
STACK Infrastructure is a global developer and operator of hyperscale data centers, delivering powered land programs, campus development, build-to-suit facilities, and single-tenant and multi-tenant colocation capacity. The company serves hyperscale cloud providers, large enterprises, and AI companies with AI/ML-ready and cloud-ready infrastructure across 24 global markets in the Americas, EMEA, and Asia-Pacific regions, with 8.5+ GW of capacity built and under development.
Is STACK Infrastructure a public or private company?
STACK Infrastructure is a private company. It is classified as private equity controlled and is currently operating.
When was STACK Infrastructure founded?
STACK Infrastructure was founded in 2019. It employs 501 to 1,000 people.
Where is STACK Infrastructure based?
STACK Infrastructure is headquartered in Denver, United States, in the North America region.
How does STACK Infrastructure make money?
Three revenue lines are on record. Data Center Colocation and Hosting is the primary driver. The others are powered Land and Campus Development and build-to-Suit Development.
Who are STACK Infrastructure's main competitors?
Direct peers on record are Equinix, Digital Realty Trust, Vantage Data Centers, CyrusOne, Aligned Energy, Compass Datacenters and EdgeConneX. Yondr Group is listed as an emerging player. Broad incumbents are Iron Mountain Data Centers and NTT Global Data Centers.
Does STACK Infrastructure have an API?
No public API is recorded for STACK Infrastructure.
What industry is STACK Infrastructure in?
STACK Infrastructure's product category is Hyperscale Data Center Infrastructure. Its primary akta.pro industry code is HDABACAC, Hyperscale Data Center Campuses (Build-to-Suit). Its NAICS code is 518 and its SIC code is 8744.