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CPP Invests $1.75B in EQT's AI Infrastructure

July 3, 2026 at 11:49 EDT

Infra & Chips
Funding & M&A

Canada Pension Plan Investment Board (CPP Investments) said on July 3 that it will invest US$1.75 billion (C$2.4 billion) to support EQT Corp.'s AI infrastructure buildout, targeting a data center expansion strategy led by its subsidiary EdgeConneX.

July 3, 2026 · CPP Investments × EQT

Canada's Pension Fund Bets US$1.75B on the AI Data-Center Buildout

CPP Investments will commit US$1.75 billion (C$2.4 billion) to EQT's AI Infrastructure Strategy, anchored by data-center operator EdgeConneX — fueling more than 10 gigawatts of new AI-ready capacity worldwide.

$1.75B

Commitment from CPP Investments (C$2.4 billion)

10GW+

Additional data-center development planned

40+

Markets with 50 to 90-plus data centers

EdgeConneX capacity growth since 2020 acquisition

EQT has expanded EdgeConneX roughly 20× after acquiring it in 2020.

2020
1×

2026
≈20×

Spotlight project · Chicago with Lambda

23MW

single-tenant, high-density facility

Hybrid cooling combining direct liquid-to-the-chip with air cooling for dense AI workloads, with service expected in 2026.

Cited Strengths

Low-latency edge facilities & hyperscale campuses
High-density, AI-optimized Build-to-Suit designs
Top-ranked among 38 operators on ESG transparency

Points to Watch

Investment is very recent — third-party assessments limited
Power constraints are an industry-wide challenge
Pace of large-scale AI factory buildout remains key

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