SK HYPER SEEKS OUTSIDE FUNDING FOR FIVE - GIGAWATT DATA CENTER PHASE

What happened: SK Hyper is seeking outside funding for the initial five-gigawatt phase of its South Korean data center plan and is discussing the project with technology companies and financial investors. Key numbers: 15 gigawatts of capacity targeted by 2035. Initial five-gigawatt phase cost put at $350 billion. First outside financing round targeted for late 2026 or early 2027. Why it matters: SK Hyper plans to share construction expenses with data center tenants and outside investors, spreading the cost of the buildout beyond the company itself.

SK Hyper is seeking outside funding for the initial five-gigawatt phase of its South Korean data center plan and is discussing the project with technology companies and financial investors.

SK Hyper plans to share construction expenses with data center tenants and outside investors, spreading the cost of the buildout beyond the company itself.