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EDGNEX to Pour $20B in U.S. Data Center Market With Potential to Double Investment

The company is targeting Midwest and Sunbelt states.

By Anthony Russo | January 08, 2025 at 12:31 AM

EDGNEX Data Centers by DAMAC is set to enter the U.S. data market with a bang. The digital infrastructure firm has announced that it will pour $20 billion through an initial investment with the potential for more funds in the future.

The first phase will involve EDGNEX purchasing land banks affiliated with conjunction and utilities, as well as existing data centers and platforms. Initially, it will target two data centers taking up 500 megawatts of power capacity— one in the Midwest — and the other in the Sunbelt. EDGNEX will get support from its joint ventures and partners.

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