STACK Infrastructure

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.

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

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

• Hyperscale data centers
• Data center colocation
• Powered land development
• Build-to-suit data centers
• AI cloud infrastructure

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices16 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. Build-to-Suit Development: Purpose-built data center facilities constructed to client specifications with custom design, engineering, and delivery services.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core 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

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered flagship and core.

• Amazon Web Services (AWS)flagshipStrategic or Co-development Partner · 1 February 2026STACK 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.
• OracleflagshipStrategic or Co-development Partner · 1 September 2025STACK 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 AssetscoreStrategic or Co-development Partner · 1 September 2025BorderPlex 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

Direct 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

• YouTubeyoutube.com/channel/UC6sZilOZc1FLzpLKaV7hdhg
• LinkedInlinkedin.com/company/stackinfrastructure
• Xx.com/StackInfra
• Facebookfacebook.com/stackinfrastructure

Revenue estimate

Valuation estimate

Number of profiles

Profiles21 records

Subsidiaries1 record

Funding overview

Funding rounds12 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about STACK Infrastructure