How Serverfarm is Accelerating Hyperscalers in North America

Serverfarm has confirmed the closure of a US$3bn credit facility to fund its hyperscale data centre expansion across North America. 

The developer, backed by Manulife Investment Management, secures financing through a syndicate of 23 institutional lenders, enabling rapid delivery of AI-ready infrastructure for hyperscale and cloud providers.

Avner Papouchado, CEO of Serverfarm, says: “This US$3bn facility provides the capital foundation to accelerate our hyperscale campus development pipeline at a time when speed to market is a competitive differentiator.

“Our proven basis-of-design enables accelerated delivery timelines, allowing cloud providers and AI innovators to deploy GPU-intensive workloads when timing matters most. 

“This credit facility ensures we can meet unprecedented demand for high-density, AI-ready infrastructure across our strategic North American portfolio.”

Houston anchors large-scale deployment

At the centre of Serverfarm’s development strategy is a new hyperscale campus in Houston’s energy corridor. 

The site spans 250 acres and offers over 500MW of development capacity. It includes plans for dual on-site substations, positioning the site to support high-density AI and cloud workloads at scale.

The Houston campus forms the largest component of the development pipeline backed by the new credit facility. 

Serverfarm targets this location to meet growing infrastructure requirements from clients in AI and cloud sectors needing access to power and scale in strategic U.S. markets.

Added capacity in Atlanta and Toronto

Serverfarm is also allocating funding toward projects in Georgia and Canada. 

In Covington, Georgia, the company is building a 498,960 sq ft data centre offering 60MW of critical IT load. 

The facility is dedicated to a single hyperscale tenant and forms part of Serverfarm’s broader push into high-capacity developments in the southeastern US.

In Toronto, Serverfarm plans to add 4MW of capacity to its existing site. This supports infrastructure growth for a hyperscale customer operating in the Canadian market. 

Together with the Houston and Atlanta projects, the Toronto expansion contributes to a regionally diversified portfolio designed around large-scale deployment models.

Each site uses Serverfarm’s standardised basis-of-design, allowing the company to deliver campuses with reduced lead times.

TD Securities acts as administrative agent and joint lead arranger for the financing, which brings together support from 23 institutional lenders.

Manulife IM backs global infrastructure strategy

Recep Kendircioglu, Global Head of Infrastructure at Manulife Investment Management, says: "We appreciate the strong support from the lender community including strategic partners of both Serverfarm and Manulife IM.

"We see attractive opportunities to deploy capital to develop data center infrastructure globally and are excited to continue to support the Serverfarm platform in executing its growth plans."

With financing in place, Serverfarm accelerates construction timelines across multiple regions. 

Its model combines site selection, repeatable design and energy planning to support the increasing demand for AI-ready data centres.

The US$3bn facility positions Serverfarm to meet ongoing growth in high-performance computing and hyperscale capacity, led by customers scaling workloads in AI and cloud technologies.