Mubadala Investment Company (Mubadala), the Abu Dhabi sovereign investor, has invested in Yondr Group, a leading global hyperscale data center developer.
As a global developer, owner, and operator of hyperscale data centers, Yondr provides major blue chip technology players with scalable data center infrastructure. The company has a contracted and reserved capacity of 878MW, with 58MW currently operational.
With the growing demand for hyperscale data centers, Mubadala’s investment will support Yondr’s growth strategy. Global data center demand is expected to increase at an 11 percent Compound Annual Growth Rate (CAGR) by 2032, driven by advancements in artificial intelligence (AI), 5G technology and the internet of things (IoT).
In 2023, Mubadala invested in Aligned Data Centers, a leading pan-Americas data center company that offers Scale Data Centers (colocation) and Build-to-Suit solutions. In 2022, Mubadala invested in Princeton Digital Group, a prominent pan-Asian data center company that prioritizes expanding world-class data center services across Asia.
In addition to this, Mubadala is also investing in other leading global fiber network providers including the UK-based CityFibre and GlobalConnect, a fiber-based data communication and data center service provider.
Mounir Barakat, Senior Executive Director of Digital Infrastructure – Mubadala Investment Company
“This investment marks an exciting addition to Mubadala’s rapidly expanding digital infrastructure portfolio. We are witnessing a strong growth in demand for hyperscale data centers in response to the rising data demands from AI adoption, 5G and IoT, and Yondr will play a key part in providing solutions for some of the world’s fastest growing corporations. We look forward to working closely with Yondr and our investment partners to develop world-class solutions that create long-term value for their customers and stakeholders.”
Chester Reid, Chief Financial Officer at Yondr, stated that, “We are pleased to welcome Mubadala as a key financial partner. With their additional support we are well-positioned to accelerate our growth and continue delivering sustainable data center solutions to our clients worldwide, meeting the increasing demand for capacity.”
Yondr is committed to achieving net zero greenhouse gas emissions by 2030, in line with Mubadala’s responsible investing mandate. Yondr seeks to reduce emissions across all its data centers by utilizing energy-efficient technologies and renewable energy to power its infrastructure.
