EcoDataCenter secures EUR 600 million for digital infrastructure expansion

EcoDataCenter has successfully secured EUR 600 million in debt financing from Deutsche Bank Private Credit and Infrastructure. The financing is earmarked for the company's ambitious expansion plans and progress in advanced digital infrastructure.

The CEO of EcoDataCenter, Peter Michelson, commented, "Ai infrastructure is a new base industry, and we are building one of Europe's most exciting companies in the sector.We are proud of the trust places in us and look forward to continuing our journey towards becoming Europe's leading player in high performance data centres."

EcoDataCenter has risen to prominence in digital infrastructure, particularly after its strategic collaboration with AI hyperscaler CoreWeave in 2024. Together, they are set to establish one of Europe's most substantial AI clusters in Falun. Not long after, EcoDataCenter procured the Kvarnsveden paper mill in Borlänge, intending to further its data centre capabilities.

Since 2023, alongside its owner Areim, the company has successfully secured a total of EUR 1.8 billion in financing. This latest capital injection is predominantly directed at expounding the Falun and Borlänge campuses, cementing their position in the digital infrastructure landscape.

Having first opened its doors in Falun in 2019, EcoDataCenter has diligently focused on enhancing its compute capacity. The firm's dedication to technological advancement and sustainability has garnered the trust of global giants like BMW, DeepL, and CoreWeave.

In this significant transaction, LionTree Advisors provided financial advisory, while White & Case LLP served as legal counsel to EcoDataCenter. With these collaborations, the company is well-poised for its next phase of growth.