Zankore secures $3.1 billion loan to build AI cloud capacity

Zankore secured a $3.1 billion senior term loan to fund an AI cloud buildout. The plan starts with 100 megawatts of capacity and aims to scale up to 1 gigawatt.

Why it matters: Debt financing at this scale for a single buildout shows how much capital is flowing into AI data-center capacity through neoclouds and specialty lenders, not just hyperscalers. A tenfold scale-up target signals lenders expect sustained AI compute demand rather than a near-term pullback.