Soar AI secures up to $1 billion equity line for industrial-to-data-center conversions

Soar AI has secured up to $1 billion in discretionary equity to convert industrial buildings into powered data-center campuses.

The equity line is meant to fund an Ohio campus with 154 megawatts available and a roadmap to 480 MW, plus brownfield sites. That implies a 326-megawatt expansion path beyond the available power at the first campus.

AdImpact data shared with Bisnow shows spots mentioning data centers reached viewers in 38 states, almost always in a negative context, with $86.5 million spent.