SK Hyper Seeks Financing to Advance $350 Billion AI Data Center Buildout

SK Hyper, the data center subsidiary of South Korea's SK Group, has announced the launch of a new funding round and is currently in talks with major tech companies and financial investors. The new capital will be used for a data center construction project expected to involve $350 billion in investment, with total capacity set to reach 15 gigawatts. The first round of external financing is planned for completion in late 2026 or early 2027, with additional fundraising to continue over the following three to four years. (Bloomberg)