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Alternative Assets  + Real Assets  + Real Estate  |  March 21, 2025
STACK Secures $4B in Green Financing for Data Center Developments 
Joe Palmisano
By: Joe Palmisano

STACK Secures $4B in Green Financing for Data Center Developments 

STACK Infrastructure has recently secured $4 billion in green financing to support the development of a more than 1 gigawatt campus in Stafford, VA, alongside additional campuses in Portland, OR, and Toronto, CA. Since 2019, the Denver-based company has raised $9 billion for its Virginia projects. On a broader scale, it has amassed $20 billion in debt capital to fuel the growth of its global portfolio. 

The Stafford campus is expected to generate more than $80 million in annual tax revenue, create “hundreds of high-quality jobs”, and support over 1,000 skilled trade positions at peak construction, according to the company. 

“STACK’s footprint in Virginia reflects our ability to support our clients’ growth in the most integral data center market in the world,” said Matt VanderZanden, President, STACK Americas. 

In August 2024, the company announced it secured $3 billion of green financing for four U.S. projects, which followed the announcements of $3.3 billion and $1.3 billion financing rounds. 

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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