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Data centre deals attract billions despite geopolitical tensions

Sector remains hot despite some investors’ wariness about tenants such as ByteDance

Data centre deals are weathering a storm of geopolitical tensions and attracting billions in funding, despite some investors’ wariness about backing certain tenants.

Investors have poured in $58bn in financing for 42 data centre transactions so far this year, up from $34bn for 34 deals at the same point in 2025, according to Dealogic.

There are nearly 850 data centres under construction globally worth some $7tn, according to consultancy Oxford Economics. The US and China are out in front, with 228 and 98 projects under way respectively.

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