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Alternative Assets  + Real Assets  + Real Estate  | 
STACK Secures $4B in Green Financing for Data Center Developments 

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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STACK Infrastructure

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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