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October 2026
Largest Data Centers Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
Oracle, Arista Networks, Equinix, Vertiv and NTT Group.
 | Oracle is an American multinational technology company headquartered in Austin, Texas, having moved its head office from Redwood Shores, California, in December 2020. It was co-founded on June 16, 1977, in Santa Clara, California, by Larry Ellison, Bob Miner and Ed Oates as Software Development Laboratories, and took its name from its flagship Oracle Database. Oracle sells database software, enterprise applications including enterprise resource planning, human capital management, customer experience and supply chain software, Oracle Cloud Infrastructure and hardware to businesses and governments. It acquired Sun Microsystems and, in June 2022, Cerner for $28.3 billion, which now forms Oracle Health. In January 2025 Oracle joined OpenAI, SoftBank and MGX in the Stargate AI infrastructure venture, and in September 2025 it signed a $300 billion contract with OpenAI for 4.5 gigawatts of capacity over five years. For the quarter ended November 2025 it reported revenue of $14.1 billion, with cloud infrastructure revenue up 68% to $4.1 billion and remaining performance obligations of $130 billion. It employed 141,000 full-time staff in May 2026, and Clay Magouyrk and Mike Sicilia succeeded Safra Catz as co-CEOs, with Ellison as chairman and chief technology officer. | $137 | -48% | $416B | $540B | 8.0x | 16.5x | ||
| Arista Networks is a networking equipment provider that primarily sells Ethernet switches and software to data centers. Its marquee product is its extensible operating system that runs a single image across every single one of its devices. The firm operates as one reportable segment. It has steadily gained market share since its founding in 2004, with a focus on high-speed applications. Arista counts Microsoft and Meta Platforms as its largest customers and derives roughly three-fourths of its sales from North America. | $204 | +29% | $257B | $243B | 27.0x | 61.8x | ||
| Equinix is a global digital-infrastructure company that develops and operates carrier-neutral data centres and interconnection services. Founded in Silicon Valley in 1998, it is headquartered in Redwood City, California, and is publicly listed on Nasdaq. Its International Business Exchange and xScale facilities give enterprises, cloud platforms, network operators, content providers and financial institutions places to deploy computing equipment and exchange data. Customers also use virtual networking, managed infrastructure, security and professional services to connect distributed applications across markets. Equinix earns recurring revenue primarily from colocation space, power, cross-connects and other subscription-like infrastructure services, supplemented by usage and service fees. Its platform spans hundreds of data centres across six continents and links customers to a large ecosystem of cloud and network providers. The company is structured as a real estate investment trust for United States federal income-tax purposes. | $1,012 | +20% | $100B | $121B | 13.1x | 31.0x | ||
| Vertiv has roots tracing back to 1946 when its founder, Ralph Liebert, developed an air-cooling system for mainframe data rooms. As computers started making their way into commercial applications in 1965, Liebert developed one of the first computer room air conditioning, or CRAC, units, enabling the precise control of temperature and humidity. The firm has slowly expanded its data center portfolio through internal product development and the acquisition of thermal and power management products like condensers, busways, and switches. Vertiv has global operations today; its products can be found in data centers in most regions throughout the world. | $241 | +25% | $93B | $93B | 9.1x | 43.6x | ||
 | NTT Group is the Japanese telecommunications and information technology group led by NTT, Inc., a holding company headquartered in Otemachi, Chiyoda, Tokyo and listed on the Tokyo Stock Exchange. The company traces its origins to Japan's state telegraph service; the government-owned Nippon Telegraph and Telephone Public Corporation was set up in 1952, privatised on 1 April 1985 as Nippon Telegraph and Telephone Corporation, and renamed NTT, Inc. on 1 July 2025. Its main subsidiaries are mobile operator NTT Docomo, which also sells broadband; NTT East and NTT West, the regional fixed-line and fibre-to-the-home operators; NTT Data, which provides system integration, IT consulting, cloud and managed services, cybersecurity and data centre infrastructure worldwide; plus NTT Urban Solutions and NTT Anode Energy. It serves consumers, businesses and public bodies, earning recurring fees for mobile and fixed communications services and project and service fees from its IT business. In fiscal 2025 (the year to March 2026) it reported revenue of ¥14.41 trillion and net income of ¥1.04 trillion, with about 347,700 employees, and it ranks among the world's largest telecommunications companies by revenue. Japan's Minister of Finance holds 34.25% of the shares. Akira Shimada is president and chief executive and Jun Sawada is chairman. | $1 | +5% | $88B | $178B | 1.9x | 7.9x | ||
| American Tower owns and operates about 150,000 wireless towers throughout the US, Asia, Latin America, Europe, and Africa. It also owns and/or operates 30 data centers in 11 US markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market generated by the top few mobile carriers. The company operates more than 40,000 towers in the US, which accounted for about half of total revenue in 2024. Outside the US, American Tower operates about 47,000 towers in Latin America (dominated by Brazil), 32,000 towers in Europe, and 27,000 towers in Africa. American Tower operates as a REIT. | $164 | -9% | $76B | $126B | 11.8x | 20.2x | ||
| Digital Realty is one of the leading providers of cloud- and carrier-neutral data centers, offering colocation and interconnection services to hyperscalers and large businesses. Digital Realty operates 300 properties in 57 metropolitan areas across 31 countries, serving 5,000 customers. Renting physical space accounts for about 90% of Digital Realty’s revenue. The firm enables hyperscalers and other clients to store servers, data, and networking equipment. The other 10% of revenue is generated primarily through interconnection services (8%) and other fee income (2%). | $176 | +3% | $65B | $86B | 14.1x | 23.4x | ||
 | Quanta Computer is a Taiwanese contract manufacturer of electronic hardware, headquartered in Taoyuan, that designs and builds products for global technology brands as an original design manufacturer (ODM). It is one of the world's largest makers of notebook computers, with an estimated 31% of worldwide notebook production in the first quarter of 2008, and it also builds servers, enterprise network systems, home entertainment, mobile communication and automotive electronics products. Quanta was chosen in 2005 as the manufacturer of the One Laptop per Child project's XO-1 laptop and in 2011 designed servers with Facebook as part of the Open Compute Project. It earns revenue from manufacturing contracts with brand owners and cloud operators. The company was founded in 1988 and is listed on the Taiwan Stock Exchange. It has also made strategic investments, including joining the US$56 million third funding round of InfiniBand chip developer Mellanox Technologies in 2002. | $10 | +7% | $43B | $47B | 0.7x | 13.5x | ||
| NetApp Inc is a provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of the cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services. Geographically, the company generates the majority of its revenue from the United States, Canada and Latin America (Americas). | $210 | +77% | $41B | $40B | 5.8x | 21.8x | ||
| Crown Castle owns or manages roughly 40,000 wireless towers in the United States. It leases space on its towers to wireless service providers, which install equipment to support their wireless networks. The company has a very concentrated customer base, with about 75% of its revenue from the Big Three US mobile carriers: Verizon, T-Mobile, and AT&T. Crown Castle has plans to divest its fiber business, which is expected to be finalized in the first half of 2026. After that, it will be a stand-alone tower operator. Crown Castle operates as a real estate investment trust. | $67 | -26% | $28B | $51B | 11.9x | 18.7x | ||
| Super Micro Computer Inc provides high-performance server technology services to cloud computing, data centers, high-performance computing, and the Internet of Things embedded markets. Its solutions include servers, storage systems, modular blade servers, workstations, full-rack scale solutions, networking devices, server sub-systems, and server management. These turn-key solutions are designed, developed, validated, and installed for AI datacenters. The company has one operating segment that develops and provides high-performance server solutions based upon a, modular and open-standard architecture. More than half of the firm's revenue is generated in the United States, with the rest coming from Europe, Asia, and other regions. | $41 | -21% | $27B | $32B | 0.8x | 11.2x | ||
 | PT DCI Indonesia Tbk is a data center provider in Indonesia. It provides reliable, well networked, and well-managed cloud and carrier-neutral data center infrastructure services in Indonesia. The company operates in two segments: Colocation services and Others. The services offered by the company include Colocation, Cross Connect, Flexspace, Smarthands, CloudConnect, and DCI Internet Exchange. | $11 | -29% | $26B | $26B | 186.7x | 306.1x | ||
 | China Unicom is the incumbent fixed-line operator in 10 northern Chinese provinces, as well as the third-largest wireless operator nationwide. As of June 2025, it had around 355 million billing wireless customers and over 125 million fixed-line subscribers. China Unicom also has a growing ICT business. We estimate it has the third largest internet data center business in China with 420,000 cabinets and its Cloud Service revenue is also showing strong growth. It has its own 4G network and shares the radio access function with China Telecom for its 5G network. | $1 | -42% | $21B | $15B | 0.3x | 0.9x | ||
| IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services. | $44 | -28% | $18B | $16B | 120.9x | (29.6x) | ||
 | Dawning Information Industry Co Ltd is a China-based company engages in the manufacturing and selling of computers and servers. The company also provides industrial solutions and cloud computing services. Its products include server products, safety products, high-performance computing products, infrastructure, storage products, and cloud computing products. It offers integrated information services such as cloud computing and large data, software development, system integration and technical services. | $12 | -21% | $17B | $17B | 7.6x | 35.2x | ||
| SBA Communications owns a portfolio of about 45,000 wireless towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, who install equipment to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by the top few mobile carriers. It owns more than 17,000 towers in the US, which account for about 75% of leasing revenue. Internationally, SBA’s largest presence is in Brazil, where it owns roughly 10,000 towers. SBA operates as a real estate investment trust. | $160 | -17% | $17B | $32B | ||||
 | Cellnex owns and operates more than 100,000 wireless towers in Europe, the result of continued merger and acquisition activity since its initial public offering in 2015. It has acquired towers from several European mobile network operators, including Telefonica, Iliad, CK Hutchison, Bouygues, and Altice. Cellnex is present in France, Italy, Spain, Poland, and the United Kingdom, among others. | $26 | -18% | $17B | $41B | ||||
| IEIT Systems Co Ltd is a provider of IT infrastructure products, solutions, and services. Its business focuses on three fields: servers, storage, and networks. The company is committed to the innovation of digital technology along with the application and integration of digital worlds with the physical world. It is helping enterprises embark on a path of sustainable development by driving intelligent digital transformation. | $10 | +7% | $14B | $16B | ||||
| Oracle Corp Japan is an information technology company. Its products cover database management, enterprise resource planning, supply chain management, data warehousing, customer relationship management, middleware, business intelligence, and application products. The firm provides cloud solutions, business solutions, industry solutions, mobile solutions, technology solutions and consulting, financing, training, cloud, and others. The company operates through three reportable segments: Cloud & License, Hardware Systems, and Services. | $61 | -32% | $7.8B | $7.6B | ||||
| Applied Digital Corp is a U.S. based designer, developer, owner, and operator of large-scale, purpose-built data centers engineered to support high-performance computing (HPC) workloads, including artificial intelligence (AI), machine learning, and other accelerated-compute applications. It design, build, and operate high-performance, sustainably engineered data centers which it refer to as AI factories and deliver that capacity to investment-grade hyper scalers and other compute customers under long-term lease and hosting arrangements. The company has two segments Data Center Hosting Business, and HPC Hosting Business. The company generates majority of revenue from Data Center Hosting Business segment. Its solutions are Digital Infrastructure, and AI Factories. | $24 | -30% | $7.3B | $13B | ||||
 | Inwit is an Italian wireless tower company born from the spinoff of Telecom Italia’s tower assets in 2015. In 2020, Inwit merged its tower assets with those of Vodafone Italia, creating a tower leader in the Italian market with a high-quality portfolio derived from the networks created by Telecom Italia and Vodafone over the past two decades. Inwit owns 25,000 towers, having the highest tenancy ratio and EBITDA margin among the European tower firms. Cellnex is Inwit’s main competitor in Italy, owning a similar number of towers. | $7 | -35% | $6.5B | $13B | ||||
| GDS Holdings started as an IT service provider in 2001 then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. Its data centers are located predominantly in and around the Tier 1 cities in China and it has also started an expanding into Southeast Asia via the now 38% owned DayOne. GDS listed on the Nasdaq in 2016 and completed a secondary listing in Hong Kong in 2020. | $4 | -9% | $6.4B | $12B | ||||
| D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the company's LeapTM cloud service. | $17 | -54% | $6.3B | $5.8B | ||||
| Lumen Technologies is one of the largest telecommunications carriers serving global enterprises. The merger with Level 3 in 2017, the 2022 divestiture of much of its local phone business in rural areas, and the 2026 sale of its remaining consumer fiber network to AT&T have shifted the company’s operations away from the legacy consumer business and toward enterprises services, which account for about 90% of revenue. Lumen offers businesses a full suite of communications services, providing colocation and data center services, data transportation, phone service, and internet access. | $6 | -46% | $5.8B | $17B | ||||
 | NextDC operates 17 data centers in Australian cities with a focus on colocation and interconnection between enterprises, global cloud, and ICT providers and telecommunication networks. It has another 2 data centers in Asia and 13 data centers in development or planning stage in Australia, Asia and New Zealand. NextDC provides physical space, cooling, power and security services and offers optional technical and project management support. The company’s tenants store their servers within the data center and can connect to each other, to and between global public cloud providers and telecommunication network providers via physical and virtual connections. Colocation services allow enterprises to enhance security of data transmission and reduce latency. | $8 | -26% | $5.8B | $7.5B | ||||
| Wangsu Science & Technology Co Ltd is a China-based company engaged in the provision of telecommunication value-added services. It is mainly engaged in the provision of a content delivery network (CDN) services, Internet data center (IDC) services, and cloud service integrated solutions. The company operates its business in domestic and overseas markets. | $2 | +37% | $5.6B | $4.5B | ||||
| Rigetti Computing Inc is engaged in the business of full-stack quantum computing. The company offers full-stack quantum computing platform as a cloud service to a wide range of end-users, directly through its Rigetti QCS platform, and also through cloud service providers. Its proprietary quantum-classical infrastructure provides ultra-low latency integration with public and private clouds for high-performance practical quantum computing. The company has developed the industry's first multi-chip quantum processor for scalable quantum computing systems. Geographically, the company derives the majority of its revenue from the United States. | $16 | -64% | $5.3B | $4.9B | ||||
| Core Scientific Inc is engaged in designing, building and operating digital infrastructure for high-performance computing. The business operates in three operating segments; Digital Asset Self-Mining, consisting of performing digital asset mining for the own account, Digital Asset Hosted Mining, consisting of providing hosting services to third parties for digital asset mining, and HPC Hosting, consisting of providing hosting services to third parties for graphics processing unit (GPU) based HPC hosting operations. The majority of revenue is derived from the Digital Asset Self-Mining Segment. | $16 | -25% | $5.1B | $7.7B | ||||
| Insight Enterprises Inc is a Fortune IT provider engaged in helping businesses of all sizes, large enterprises, government agencies, schools, and healthcare organizations. The company has three geographic operating segments: North America, EMEA, and APAC. It generates maximum revenue from the North America segment. The company provides digital workplace, cloud/data center transformation, IT modernization, Cyber Security and supply chain optimization solutions and services. | $156 | +56% | $4.6B | $6B | ||||
| Galaxy Digital Inc is engaged in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Its digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. The company invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. It has three operating business segments, Digital Assets and Data Centers, along with a Treasury & Corporate segment. | $23 | -35% | $4.4B | $7.8B | ||||
| Fujian Star-Net Communication Co Ltd is a China-based company operates in the terminals and video application systems. It serves in the fields of network communication, switches, cloud computing, payment terminals, desktop clouds, wireless and broadband access, and video information applications. The company serves approximately 100 countries worldwide. Its product portfolio includes smart network, smart cloud, and smart finance. | $5 | +68% | $3.7B | $4.5B | ||||
| Ionic Digital Inc intends to be a leading bitcoin mining company, as part of the digital assets ecosystem. | $80 | -- | $3.6B | $3.4B | ||||
| DigitalBridge Group is a Boca Raton-based alternative asset manager specializing in digital infrastructure. Its investment strategies cover data centers, cell towers, fiber networks, small cells and related communications platforms. The firm raises and manages institutional capital and also takes direct control or partnership stakes in operating businesses. It earns management and performance fees from private funds and other investment vehicles. DigitalBridge's sector specialization gives it operating and transaction expertise across the infrastructure supporting cloud computing, connectivity and artificial intelligence. At the 2025 Yondr closing, the firm managed approximately US$84 billion of digital-infrastructure assets. A DigitalBridge-managed fund and La Caisse established joint control of Yondr and retained the data-center company as an independent platform. | $16 | +35% | $3B | $3.9B | ||||
| Beijing Sinnet Technology Co Ltd is a professional data center and cloud computing service provider in China. The company's main business is Internet data center services (IDC and its value-added services), cloud computing services, Internet broadband access services (ISP) and other Internet integrated services. | $2 | -16% | $2.9B | $3.6B | ||||
| Bitdeer Technologies Group is principally engaged in provision of digital asset mining services. The Company does not conduct any substantive operations on its own but conducts its primary operations through its subsidiaries. Its majority business segments are: proprietary mining, cloud hash rate sharing and cloud hosting. The company operates five proprietary mining datacenters in the United States and Norway, Bhutan and Singapore. | $10 | -51% | $2.9B | $4.3B | ||||
| Csquare Inc is an enterprise digital infrastructure platform, owning and operating a geographically diverse portfolio of carrier-neutral data centers located across the United States, Canada and the United Kingdom. The company provides carrier-neutral colocation and interconnection services that provide infrastructure, including space, power, cooling systems, physical security, and interconnection capabilities, enabling customers to deploy and operate IT and network infrastructure. Its facilities support enterprise, network, cloud, and technology customers in the deployment and operation of IT and network infrastructure. The company generates the majority of its revenue from enterprise colocation services, which include fees for the licensing of cabinet space and power. | $16 | -- | $2.6B | $8.3B | ||||
 | TIME dotCom is a Malaysian telecommunications provider operating fibre infrastructure, broadband connectivity and enterprise data services. The organisation serves customers and counterparties in B2B and B2C markets through products, infrastructure, services or investment activity suited to its sector. Its operating model generates income through subscription and services, depending on the business line and transaction period. The company is classified here using the historical entity that existed when the investment occurred, rather than a later owner or successor brand. This description is intended to distinguish the transaction target from similarly named entities and to give enough business context for a standalone database record. TIME dotCom serves B2B and B2C customers through activities spanning Telecom Infrastructure and Telecom Service Providers. | $1 | +25% | $2.6B | $2.6B | ||||
 | Bitfarms Ltd engaged in the cryptocurrency Mining industry mainly consists of selling its computational power used for hashing calculations for cryptocurrency mining in multiple jurisdictions. Its geographic operations are currently located in Canada, the United States, Argentina. It owns and operates server farms comprised of computers designed to validate transactions on the Bitcoin Blockchain. | $4 | -12% | $2.2B | $2.5B | ||||
| SharonAI Holdings Inc is a high-performance computing (HPC) company deploying large-scale energy and compute infrastructure, USA energy markets and infrastructure asset management. Its services include: Sovereign AI Australia, GPU-as-a-Service, SHARON AI Cloud, SHARON AI Private Cloud, Virtual Private Clusters, HPC Servers, SHARON AI Supercluster, GPU Fleet, Virtual Servers, Cloud Storage, AI Model Training, High-Performance Computing (HPC), and Video Encoding & Decoding. The company's products are: Sovereign AI Australia, GPU-as-a-Service, SHARON AI Cloud, SHARON AI Private Cloud, Virtual Private Clusters, HPC Servers, SHARON AI Supercluster, GPU Fleet, Virtual Servers, Cloud Storage, AI Model Training, High Performance Computing (HPC), and Video Encoding & Decoding. | $55 | -- | $2B | $1.1B | ||||
| Quantum Computing Inc is an integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines to the world today. Its products are designed to operate at room temperature and low power at an affordable cost. The Company’s portfolio of core technologies and products offer capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications. | $8 | -49% | $1.9B | $980M | ||||
| Sunevision Holdings Ltd is an Investment holding company. Its segment includes Data centre and IT facilities covering the provision of data center and IT facilities colocation services to allow customers to house their IT infrastructure or equipment, interconnection services to provide customers with high-speed and reliable interconnectivity, and other managed services; and ELV and IT systems comprise installation and maintenance services for the respective systems. It generates the majority of its revenue from Data centre and IT facilities. The company generates the majority of its revenue from Hong Kong. | $1 | -8% | $1.7B | $3.7B | ||||
| VNET started as AsiaCloud in 1999 and moved into the data center business, opening its first self-developed data center in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of September 2025, it had 52,288 retail cabinets, with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 783 MW of wholesale capacity in service, with a further 306 MW under construction and a further 705 MW held for future development. | $6 | -46% | $1.6B | $6B | ||||
| POET Technologies Inc is a design and development company offering high-speed optical engines, light source products, and custom optical modules to the artificial intelligence systems market and hyperscale data centers. Its integration solutions are based on the POET Optical Interposer, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using wafer-level semiconductor manufacturing techniques. POET’s Optical Interposer platform also solves device integration challenges across a broad range of communication, computing, and sensing applications. The company operates geographically in the United States, Canada, Singapore and China. | $7 | +39% | $1.3B | $506M | ||||
 | Cordiant Digital Infrastructure Ltd is an investment company. Its principal activity is to invest in Digital Infrastructure Assets. The company seeks to generate attractive total returns for shareholders over the longer term, comprising capital growth and a progressive dividend, through investment in digital infrastructure assets. The company operates geographically into Poland, Czech Republic, Ireland, Belgium, and the USA. | $2 | +30% | $1.3B | $1.5B | ||||
 | Empresa Nacional de Telecomunicaciones SA is a telecommunications company. It generates revenue from the provision of mobile, voice, and Internet services to individuals, households, and consumers. From a product perspective, the majority of revenue is derived from mobile. The company generates the vast majority of its revenue in Chile. The company also has operations in Peru, although the majority of revenues are sourced within Chile. Additionally, the company is an owner of a telecommunications infrastructure, specifically data centers and fiber networks. It derives revenue from renting out this infrastructure to would-be mobile virtual network operators entering the Chilean market. | $4 | -14% | $1.2B | $3.4B | ||||
| Beijing Topnew Info & Tech Co Ltd is a software company providing internet data center services, cloud services, internet access services, internet data center and cloud platform information system integration services, and application software development services. The company provides high-end IT technical services for multinational companies, and provides customers with customized comprehensive solutions such as design, procurement, configuration, testing, installation, inventory management, and transportation services, and delivers IT services all over the world. | $8 | +27% | $1.2B | $1.2B | ||||
 | Pakistan Telecommunication Co Ltd is a telecom company. It is mainly engaged in providing telecommunication services such as wireline and wireless services, interconnects, data services, and equipment sales. The services provided by the company include high-speed internet, smart tv, mobile services, landline services, digital services such as managed Wi-Fi, smart radios, point-to-multipoint and cloud services in the realm of IaaS (Infrastructure as a Service), and hosting services. The company operates in three operating segments i.e. fixed-line communications (Wireline) which generates key revenue, wireless communications (Wireless), and banking. | $0 | +65% | $1.1B | $2.3B | ||||
| Macquarie Technology Group operates three business units. The telecom division is how the group first began in 1992, providing voice, mobile, and general connectivity and network security services to businesses utilizing its data network. The cloud services and government division leverages the group’s data center facilities to provide cybersecurity, colocation services, public and private cloud, and storage services to corporate and government customers. In 2018, the data centers division was separately launched, providing sovereign data centers for governments, major hyperscalers, and large multinationals. | $37 | -14% | $966M | $1.1B | ||||
 | Phoenix Group PLC is a technology conglomerate bringing blockchain solutions to an expansive market. The Group develops, operates, and manages specialized data centres, hosting class performance computing power for digital assets across the UAE, Oman, the U.S., and Canada. Additionally, it also hosts, operates, and maintains equipment within its existing data centres and enables investment opportunities within cloud mining. The Group is the exclusive distributor of equipment manufacturer MicroBT and a prominent distributor of Digital wallet Ledgers and CoolWallets across the Middle East. The Group has four business verticals: Mining, Hosting, Trading, and Investment. The company operates within and outside of the UAE. | $0 | -55% | $923M | $946M | ||||
| HIVE Digital Technologies Ltd is in the business of providing infrastructure solutions in the blockchain industry. It focuses on the mining and sale of digital currencies. Its geographical segments include Canada, Sweden, Iceland, Switzerland, and Bermuda, out of which the majority of the revenue comes from Bermuda. | $3 | -42% | $809M | $965M | ||||
| Chief Telecom Inc provides telecommunication services in Taiwan. It is engaged in offering network integration, internet data center, communications integration, and cloud application services. | $10 | -18% | $742M | $798M | ||||
 | 2CRSI SA is engaged in researching, designing and manufacturing servers and IT solutions. The company offers expertise in storage solutions, intensive computing, dedicated servers, converged systems and appliances. | $32 | +173% | $724M | $726M | ||||
| Whitefiber Inc is a provider of artificial intelligence infrastructure solutions. The company owns high-performance computing data centers and provide cloud-based HPC graphics processing units services, which it terms cloud services, for customers such as AI application and machine learning developers. Its Tier-3 data centers provide hosting and colocation services. Its cloud services support generative AI workstreams, especially training and inference. It has two reportable segments: cloud services and colocation services. The cloud services segment generates revenue from providing high performance computing services to support generative AI workstreams. Colocation services generate revenue by providing customers with physical space, power and cooling within the data center facility. | $18 | -46% | $700M | $965M | ||||
 | Northern Data AG is a Business-to-Business technology company developing, using, and selling solutions on vertically integrated computing infrastructure. Its segment includes Peak Mining; Taiga Cloud and Ardent Data Centers. Geographically, it operates in Europe (excluding Germany), North America, and Germany. The company derives maximum revenue from Europe. | $10 | -40% | $649M | $1.4B | ||||
 | Bahnhof AB is an independent national Internet provider. It provides IP-based communication and entertainment services to consumers and companies in Europe. The company offers broadband, cloud, colocation, operational services, corporate, and customer testimonials services. | $6 | -4% | $643M | $607M | ||||
 | Edarat Communication And Information Technology Co is engaged in the implementation of service contracts including provision of virtual network operator services, colocation services, system analysis, design and programming of software, providing management and monitoring of communications and information networks, establishing web hosting infrastructure and related services, data center services and related activities and subscriptions to provide cloud computing service. Its services include data center engineering, data center colocation, Edge AI, Edarat Marketplace, and cloud services. The company has two operating segments; Data Center Engineering Services and Cloud Service. It derives maximum revenue from Data Center Engineering Services segment. | $80 | +113% | $604M | $596M | ||||
 | Kinx Inc is a Korea based carrier-neutral infrastructure provider. The company offers services to prominent domestic and international carriers, content providers, multiple system operators, financial institutions, and government agencies. | $95 | +45% | $460M | $499M | ||||
| Digi Power X Inc is an infrastructure company that develops cutting-edge data centers to drive the expansion of sustainable energy assets. The company focuses on expanding power infrastructure to create a resilient backbone for the future of energy and technology. | $4 | -2% | $432M | $304M | ||||
| Corvex Inc is an AI cloud computing company specializing in GPU accelerated infrastructure for AI workloads. The company provides AI-focused computing infrastructure that offers scalable computational resources. Its platform uses GPU-accelerated compute clusters and high-throughput storage to support performance, security, and efficiency at scale. The company's product portfolio includes GPU Clusters, Inference-as-a-Service, Confidential Computing, and GPU Node. | $12 | -- | $371M | $941M | ||||
 | Go PLC is an integrated telecommunications group, offering an unparalleled range of services: fixed line telephony, mobile telephony, broadband internet services, and digital television. It also provides business-related services, such as data networking solutions, business IP services, cloud services, IPLCs, and managed and co-location facilities. Its operating segment includes Malta Telecommunications Services; Data Centre Services and Cyprus Telecommunications Services. The company generates maximum revenue from the Malta Telecommunications Services segment. | $3 | -5% | $285M | $540M | ||||
| Bitzero Holdings Inc is a provider of IT energy infrastructure and high-efficiency power for data centers. It focuses on data center development, Bitcoin mining, and obtaining strategic data center hosting partnerships. The company has four data center locations in the North American and Scandinavian regions, powered by clean, low-carbon energy sources. The company is driven by experience in infrastructure and a passion for positive change to become the international leader in Blockchain mining and HPC hosting in a sustainable fashion that emphasizes the long-term value proposition for all stakeholders. | $4 | -- | $265M | $280M | ||||
 | Magnora Data Center ASA operates as a data center developer and operator, present in Norway, Sweden, Finland, and Italy. The company operates capital-light in early phases of project development, but with flexibility for investing in also later stages. | $2 | -- | $182M | $119M | ||||
| Intred SpA provides telecommunication and internet services. The company offers internet, internet and telephone, phone and datacenter services. | $10 | -9% | $159M | $208M | ||||
| DXN Ltd operates as a data center company. It operates three core divisions a Modular Division, which designs, engineers, manufactures, and supplies PMDCs globally. A Data Centre Division, which owns, operates, and maintains data centres in Darwin and Hobart (TAS01). A third division Data Centre as a Service (DCaaS) a capital light, facility as a service model including design, engineering and deployment of data centres and ground stations. These divisions position DXN at the forefront of edge computing, telecommunications, and high-performance infrastructure solutions, catering to sectors including mining, energy, subsea cables, government, and emerging AI applications. The company operates in three segments: Data centre manufacturing, Data centre operations and Data Centre as a Service. | $0 | +986% | $144M | $142M | ||||
| Exascale Labs Holdings Inc is an AI infrastructure provider operating a software-defined GPU compute platform and related AI infrastructure solutions. Its core business includes GPU-as-a-Service (GaaS), through which it provides reserved and on-demand access to GPU compute capacity sourced from third-party data centers, as well as GPU cluster management and optimization services for AI data center (AIDC) operators. | $2 | -- | $120M | $117M | ||||
| Unidata SpA is engaged in the field of information technology and telecommunications offering internet connectivity and services in the city and province of Rome. Its services include Fiber & Networking, Cloud & Datacenter, and IoT & Smart Solutions. | $4 | +9% | $113M | $97M | ||||
| AIB Data Centers Inc, formerly BlockchAIn Digital Infrastructure Inc is engaged in the digital infrastructure business, providing data center operations and high-performance computing services. The company offers power infrastructure, hosting services, and equipment leasing to customers involved in blockchain computing, artificial intelligence, and high-performance data processing. Its operations include leasing space, power capacity, and equipment within data center facilities, as well as offering modular digital asset mining containers and related hardware and support services. | $1 | -- | $101M | $48M | ||||
 | Microdata SA is an IT infrastructure company engaged in deploying and maintaining IT infrastructure in Morocco. The company's services include Datacenter to Software-Defined Datacenter, Virtualization, Application Modernization, Cloud Computing, and Security. | -- | -- | $97M | $102M | ||||
| Adisyn Ltd is a technology and data sciences company that provides managed technology services and solutions and aims to be the preferred sovereign provider for SMEs in the Australian defence industry supply chain. It offerings include a range of solutions tailored to this growing market segment, leveraging internal capabilities and strategic partnerships, particularly in cybersecurity and AI. Its segment include: the Infrastructure and Managed Services segment which derives maximum revenue, includes Managed Support Services, Cyber Security Services, Cloud and data centre co-location, as well as Network and Back Up services and the Miner Hosting segment includes regional modular hosting services for client crypto currency mining equipment. | $0 | +60% | $86M | $76M | ||||
| BMIT Technologies PLC, through its subsidiaries, is involved in providing data center services, Information and Communication Technologies, Cloud services, and support services among others. The company serves services to various industries including online gaming, financial services, ICT, manufacturing, media, transportation, retail, and hospitality. The two reportable segments consist of the Data Centre & Managed IT Services segment and the Mobile Network Towers & Property Holdings segment. It derives maximum revenue from Data Centre & Managed IT Services segment. The Group's revenues are derived predominantly from operations carried out in Malta. | $0 | -11% | $65M | $140M | ||||
| Dynastar Holdings Inc is a blockchain technology company. It is engaged in the operation of cryptocurrencies, especially Ethereum mining. The company actively expands blockchain financial services, is committed to launching a professional, convenient and renowned digital asset financial service platform, and improving the resource allocation of digital assets such as Bitcoin and the layout of the blockchain industry chain. | $0 | -29% | $32M | $32M | ||||
| Hyperscale Data Inc, formerly Ault Alliance Inc is a diversified holding company. It operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. The company has six reportable segments: Energy and Infrastructure; Technology and Finance; Sentinum, Inc.; GIGA; TurnOnGreen; ROI; and Ault Global Real Estate Equities, Inc. | $0 | -- | $28M | $139M | ||||
| 5G Networks Ltd is a telecommunications carrier company in Australia. The services provided by the company include data connectivity, cloud based solutions, data centre services, and others. | $0 | -50% | $12M | $10M | ||||
| EdgeMode Inc is a cryptocurrency mining company focused on rapidly growing and deploying data center locations, generating ever-increasing hash rate and Bitcoin production. It provides high-performance computing solutions for a wide variety of industries and stakeholders. | $0 | -99% | $1M | $5M | ||||
| Median | $10 | -13% | $2.4B | $3.5B | 7.9x | 12.6x |
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