Stack Infrastructure Seeks $2.1 Billion Loan for AI Data Center Expansion in Australia
Stack Infrastructure Inc., owned by Blue Owl Capital, is seeking a loan of approximately A$3 billion ($2.1 billion) to fund a new 250 MW data center project in Melbourne, Australia. The loan will be underwritten by several banks, including Mitsubishi UFJ and Natixis. Investment in AI infrastructure is projected to exceed $3 trillion over the next five years, with Australia becoming a key player in this sector. Concerns regarding sustainable returns on AI-related investments have emerged, amid a broader selloff in wealth-management stocks due to AI competition.
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Stack Infrastructure Inc., owned by Blue Owl Capital, is pursuing a loan of about A$3 billion ($2.1 billion) to facilitate the development of a 250 MW data center in Melbourne, Australia. The loan, underwritten by banks including Mitsubishi UFJ and Natixis, is part of a larger trend where investment in AI infrastructure is expected to surpass $3 trillion over the next five years.
Australia ranks third globally in AI investments, following the US and China. However, there are concerns on Wall Street regarding the sustainability of returns on investments in AI. The recent announcement of AI tools has triggered selloffs in wealth-management stocks, with firms like Raymond James and Charles Schwab experiencing significant declines.
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