Global Switch Revenue, Valuation, Funding & Investors

INWIT is an Italian tower and wireless infrastructure company that builds and manages shared digital infrastructure used by mobile operators. It was founded in 2015 as a spin-off from TIM and merged with the tower business of Vodafone Italy in March 2020, after which it entered the FTSE MIB index. The company is listed on Euronext Milan and is headquartered in Milan. Its assets include towers, small cells, distributed antenna systems for indoor coverage and Wi-Fi and IoT solutions, offered under a tower-as-a-service model. In 2025 INWIT reported consolidated revenues of 1,077.2 million euros and EBITDA of 984.4 million euros, and it guides to revenues of 1,050 to 1,090 million euros for 2026. Its largest shareholders include Central Tower Holding, which holds 37.6% of the share capital, and an investment vehicle of Ardian.

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.

Bersama Digital Infrastructure is a digital infrastructure holding company incorporated in Singapore as Bersama Digital Infrastructure Asia Pte. Ltd. It is controlled by the Indonesian groups Provident Capital and PT Saratoga Investama Sedaya Tbk. The platform owns the controlling stake in PT Tower Bersama Infrastructure Tbk, an Indonesia-listed independent telecommunications tower company. It is also the vehicle through which its owners pursue investments in towers, fibre and data centres across Southeast Asia, including a majority stake in the Philippine tower company Alliance Towers. Revenue comes from tower leasing to mobile operators through its operating subsidiaries. A Macquarie Asset Management-led consortium holds a minority stake alongside the two founding shareholders.

Lambda is an AI cloud computing company headquartered in San Jose, California, that provides GPU infrastructure for training and running machine learning models. It was founded in 2012 by Stephen Balaban and Michael Balaban and began by selling deep learning workstations and servers. Its products now include on-demand GPU cloud instances, reserved multi-node clusters, supercomputers built on Nvidia accelerators, colocation, and the Lambda Stack software distribution for AI frameworks. It builds and leases data centre capacity to AI developers, enterprises, research institutions and government agencies. Revenue comes mainly from usage-based and contract-based cloud compute, together with hardware sales. The company is financed by venture equity and asset-backed debt secured on the GPUs it deploys.

Lancium Technologies is a Houston-based developer of data centers optimized for renewable energy integration. The company deploys distributed computing infrastructure at wind and solar farms in Texas, absorbing excess power to perform high-performance calculations. Lancium operates facilities like the 100 MW Pecos Valley site, partnering with utilities to stabilize grids and monetize curtailment periods.

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.

Firmus Technologies is an Austin-headquartered provider of AI data center infrastructure known as AI Factories, optimizing GPU clusters for maximum token generation throughput and profitability. Featuring liquid cooling across racks, power management, and AI FactoryOS operating system, it supports H100 and H200 GPUs with 99.99 percent uptime. Firmus' SMC cloud platform leverages SHARP networking for hyperscalers training large language models at scale.

Khazna is a Dubai-headquartered operator of wholesale data centers across the UAE. It designs, builds, and manages Tier III-certified facilities in locations including Abu Dhabi, Dubai, and Sharjah, delivering carrier-neutral colocation, cloud connectivity, and managed hosting services. The company supports hyperscale deployments with capacities exceeding 100 MW, emphasizing seismic-resistant structures, advanced cooling systems, and 100% uptime SLAs. Khazna serves telecom operators, financial institutions, and government entities, expanding to Saudi Arabia with a 30 MW facility launched in 2023.

DayOne is a Singapore-headquartered data center platform that designs, builds and operates hyperscale and AI-ready data center campuses. It was established in 2022 as the holding company for the international data center business of GDS Holdings and later adopted the DayOne name. The company develops clusters in the Singapore, Johor and Batam region, Hong Kong, Japan, Thailand and Finland, and sells capacity to cloud providers, large technology companies and other enterprise customers under long-term contracts. Its revenue comes from leasing and servicing data center capacity, power and connectivity. The platform is backed by technology and infrastructure investors and works with local partners, including an Indonesian sovereign investor, to build campuses. Its strategy is to build interconnected clusters that act as regional gateways for customers expanding across Asia-Pacific and Europe.

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.

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.

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.

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.

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.

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 expanding into Southeast Asia via the now 23% owned DayOne. GDS listed on the Nasdaq in 2016 and completed a secondary listing in Hong Kong in 2020.

Yotta Infrastructure is a Mumbai-headquartered data center operator, part of the Hiranandani Group, managing India's largest hyperscale parks in Greater Noida and Panvel. Launched in 2021, the company offers colocation, cloud services via Yotta D1, managed security, and connectivity with capacities exceeding 500 MW. It hosts clients like Google Cloud and NVIDIA, achieving Tier 3+ certifications. Yotta Infrastructure spans 4 million square feet, supporting AI workloads and edge computing across India with fiber connectivity to Mumbai financial hubs.

Nxera is a regional data-centre business backed by Singtel and KKR. It operates data-centre capacity in Singapore and develops additional facilities with local partners in Southeast Asian markets. The business serves hyperscale cloud providers, enterprises and users of high-performance computing infrastructure. Its services combine secure facilities, power and cooling with access to telecommunications networks and connectivity services. Singtel launched the Nxera brand in January 2024 after establishing a partnership with KKR for the regional data-centre business. The platform has developed projects in Singapore, Thailand, Indonesia and Malaysia. Its Malaysian expansion involved a corporate joint venture with Telekom Malaysia to develop and operate an initial campus in Johor.

Core Scientific Inc is engaged in designing, building, and operating digital infrastructure for high-density colocation services and digital asset mining. The business operates in three operating segments: Digital Asset Self-Mining, consisting of performing digital asset mining for its own account, Digital Asset Hosted Mining, consisting of providing hosting services to third parties for digital asset mining, and Colocation, consisting of providing high-density colocation services to third parties for AI / HPC operations. The majority of revenue is derived from the Digital Asset Self-Mining Segment.