EdgeMode Expands Joint Venture with BAIF, Adding Approximately 2GW of New AI Data Center Development Projects

Core Insights - EdgeMode has expanded its joint venture with BAIF, adding approximately 2GW of new planned capacity, bringing the total to 3.5GW across Europe and Central America [1][2][3] Group 1: Expansion Details - The newly added projects include DC Villasequilla (600MW), DC Tomelloso (450MW), and DC Tocumen (1,000MW), with a total of 2.5GW in Spain and 1GW in Panama [2] - The expansion enhances EdgeMode's position as a leading AI data center infrastructure developer, focusing on power-secured and Ready-to-Build (RTB) projects [3][4] Group 2: Strategic Advantages - The agreement brings additional local development resources and market expertise, improving execution capabilities in Spain and Panama [4] - EdgeMode's strategy includes securing land, power, and permitting early, which allows for faster deployment of compute capacity [8] Group 3: Market Demand and Trends - There is a growing demand for AI data center capacity, with industry analysts estimating a double-digit annual growth rate for global AI data center capacity over the next decade [7] - The expansion reflects increasing demand from hyperscale and enterprise off-takers for large-scale, power-secured AI infrastructure [5][6]