News
10.1.2022

Digital 9 Infrastructure Plc

$93 million follow-on investment into Verne Global data centre platform

In September 2021, Digital 9 Infrastructure, Plc (“D9”, the “Company” or, together with its subsidiaries, the “Group”) announced that it had completed the acquisition of Verne Holdings Limited (trading as Verne Global, “Verne Global“), a 100% renewable energy powered data centre platform in Iceland, operating on a former NATO site near Keflavik. The Company is pleased to announce that it has agreed to invest a further $93 million in Verne Global over the next 12 months to fund the expansion of capacity by a further 20.7 MW.  

Key highlights:

D9’s investment pipeline

The Investment Manager is progressing a pipeline of investment opportunities with an aggregate value of approximately £1.9 billion and anticipates updating the market on further investment activity in the near term.

Commenting on the Verne Global investment, Thor Johnsen, Head of Digital Infrastructure at Triple Point, said:

“Verne Global’s data centre assets represent some of the cleanest, lowest carbon footprint data centres, globally. This follow-on investment to fund the expansion of the Verne facility, driven by capacity demand from both new and existing customers, will enable these customers to shift further toward their decarbonisation goals while addressing their growing digital needs. The investment also demonstrates our ongoing ability to deliver attractive and accretive contracted cash flow through our investment platform, a leading Nordic data centre business.”

NOTES:

Digital 9 Infrastructure plc is an investment trust which invests in a range of digital infrastructure assets which help to deliver, inter alia, a reliable, functioning internet.

The Company’s portfolio will comprise scalable platforms and technologies including (but not limited to) subsea fibre, data centres, terrestrial fibre, tower infrastructure and small cell networks (including 5G).

With its IPO in March 2021, to date, D9 has raised total equity of £750 million, investing the net proceeds into data centres and fibre networks:

The Investment Manager is Triple Point Investment Management LLP (“Triple Point”) which is authorised and regulated by the Financial Conduct Authority, with extensive experience in asset and project finance, portfolio management and structured investments. The Investment Manager’s digital infrastructure team has a proven track record of over US$3 billion of infrastructure investments and, in addition, benefits from a panel of digital infrastructure industry experts with deep knowledge, relationships and involvement in a combined US$250 billion of digital infrastructure transactions.

The Company is focused on the provision of Digital Infrastructure integrated with green and cleaner power in line with UN Sustainable Development Goal 9: “Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation”.

The Company’s Ordinary Shares were admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange on 31 March 2021.

For more information, please visit www.d9infrastructure.com.