US EditionFive Point Forms PowerBridge with $1B Commitment to Build Data Centers
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Former Cumulus Execs Launch New Data Center Firm With $1B Equity Commitment
A private equity and infrastructure investor plans to deploy $1B into the formation of a new data center development company. Five Point Infrastructure LLC is investing in the creation of PowerBridge LLC, led by former Cumulus Data CEO Alex Hernandez and other former Cumulus executives, the companies announced Thursday. Through a partnership with Five Point affiliate company LandBridge, the new company will have access to 275,000 acres of develo…
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