Core Insights - The Fourth Annual Women in Digital Infrastructure Leadership Summit was hosted by STACK Infrastructure and Blue Owl Capital, attracting over 200 women from various sectors within the digital infrastructure industry [1][2] - The summit aimed to promote leadership development and inspire the next generation of talent in the digital infrastructure field [1][3] Event Highlights - The summit featured keynote addresses from prominent women leaders, including AI expert Verity Harding and former U.S. Secretary of Energy Jennifer Granholm, addressing critical industry issues such as AI's impact on digital infrastructure and emerging capital strategies [2] - The event served as a platform for professional development, industry insights, and strategic networking among women leaders [1][2] Commitment to Empowerment - STACK and Blue Owl emphasized their commitment to empowering women in the industry, focusing on strengthening the talent pipeline and fostering a collaborative culture for long-term success [3] - Ongoing initiatives include leadership, mentorship, and career advancement programs, alongside global advancement initiatives and enhanced recruiting efforts [3] Sponsorship Acknowledgment - The summit was supported by various sponsors, including Gold Sponsors Akin Gump Strauss Hauer & Feld LLP and Skadden Arps Slate Meagher and Flom LLP, highlighting the collaborative effort in promoting women in digital infrastructure [4]

BOSTON, May 19, 2025 Manulife Investment Management, through certain affiliates, ("collectively, Manulife IM") today announced the formation of Lakefront Fiber, LLC ("Lakefront Fiber"), a joint venture with Midwest Fiber Networks ("MWFN")."We are pleased to partner with MWFN, with whom we have had a long-standing relationship, to support the build-out of Lakefront Fiber's extensive pipeline," said Recep Kendircioglu, Global Head of Infrastructure, Manulife Investment Management.Lakefront Fiber will facilita ...

Blue Owl Digital Infrastructure Fund III seeks to support the global capital demands of hyperscalers, fueled by ongoing investments in data centers and artificial intelligence. NEW YORK, May 15, 2025 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL), a leading alternative asset manager, announced today the final close of its most recent digital infrastructure fund, Blue Owl Digital Infrastructure Fund III ("ODI III") with $7 billion of total capital commitments. ODI III exceeded the original ta ...

HIVE Digital Technologies Accelerates Growth in Paraguay, Surpasses 7 EH/s, Achieves 10% Global Growth in Hashrate, and Reports April 2025 Production of 102 BitcoinMay 09, 2025 1:00 AM EDT | Source: HIVE Digital Technologies Ltd.This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024.San Antonio, Texas--(Newsfile Corp. - May 9, 2025) - HIVE Digital Te ...

Vertiv (VRT) FY Conference Summary Industry Overview - The critical digital infrastructure industry is projected to experience a compound annual growth rate (CAGR) of 9% to 12% through 2029, with mid-teens growth anticipated in cloud and colocation sectors [3][4][6] - The demand for data center capacity remains strong, driven by AI advancements and the need for enhanced infrastructure [5][9][22] Core Insights - The company maintains that the growth assumptions from the Investor Day remain valid despite market fluctuations, with a potential for even stronger demand than previously anticipated [4][7][9] - The shift from AI training to inference is noted, with inference expected to grow faster due to its monetization potential [15][17] - The company reported a record quarter for orders, with a year-on-year increase of 13% and a 60% increase compared to the previous year [11][12] Demand Dynamics - The demand for large data centers continues, alongside a rise in smaller, distributed edge data centers [18][19] - There are no significant long-term changes in market dynamics, although short-term adjustments may occur due to resource constraints [21][22] - The company is optimistic about long-term demand, supported by a strong pipeline and industry trends [22][23] Competitive Landscape - New entrants in the market, including sovereign and neo cloud providers, are expanding the industry, but the company does not perceive this as an increase in risk [26][27] - The company employs rigorous credit checks and often requires advanced payments to mitigate risks associated with new customers [28][29] Tariff Impact - The company has not observed any material impact from tariffs on demand, as the demand for AI capacity remains robust [31][32] - There is a focus on maintaining competitive lead times, which may provide opportunities for market share gains amidst tariff uncertainties [37][39] Capital Expenditure (CapEx) Strategy - The company plans to maintain a 25% to 30% capacity headroom versus demand, indicating confidence in future growth [47][50] - CapEx allocation is influenced by geopolitical conditions, but no dramatic shifts in strategy are expected [48][49] Product Innovation and Market Share - Recent product launches, including new chillers and modular solutions, are aimed at increasing market share and addressing customer needs [52][56] - The company is particularly focused on expanding its liquid cooling capacity, which has seen significant growth [61][62] Conclusion - Vertiv is positioned to capitalize on the growing demand for critical digital infrastructure, with a strong pipeline, innovative product offerings, and a strategic approach to managing risks associated with market dynamics and tariffs [9][22][37][61]

Financial Data and Key Metrics Changes - The company reported fee revenues of $90 million, an increase of 24% year-over-year, and FRE of $35 million, up almost 80% year-over-year [27][28] - Distributable earnings for the quarter were $55 million, which included a $34 million gain from the partial realization of an investment in DataBank [28] - Fee earning equity under management increased to $37.3 billion, a 15% increase from the previous year [28] Business Line Data and Key Metrics Changes - The company raised $1.2 billion in new fee earning commitments during the first quarter, contributing to the growth in fee revenues [28] - The fundraising for the flagship Digital Ridge Partner strategy represented over 70% of total fundraising [5] Market Data and Key Metrics Changes - The company noted that despite financial market volatility, allocators are still investing in digital infrastructure, indicating a strong pipeline of investor interest [6][10] - The performance of digital infrastructure assets has been resilient, with private infrastructure delivering solid returns compared to other asset classes [18][20] Company Strategy and Development Direction - The company is focused on building a diversified portfolio across digital infrastructure, including investments in fiber, small cells, and mobile infrastructure [22][23] - The acquisition of Crown Castle's fiber business by Zayo for $4.5 billion is expected to enhance the company's market position and improve returns [24][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2025 goals despite some delays in fundraising decisions due to market conditions [9][10] - The company is positioned to benefit from long-term contracts and inflation protection, which are expected to mitigate short-term impacts from market volatility [11][12] Other Important Information - The company has committed over $28 billion in CapEx for new site development over the next 24 months, indicating strong growth plans [12] - The management team emphasized the importance of maintaining a conservative approach to asset valuation to ensure credibility with investors [91][92] Q&A Session Summary Question: Is the guidance for total company FRE growth and margins maintained? - Management confirmed that the guidance for total company FRE growth of 10% to 20% and FRE margins of 34.5% is maintained [53][54] Question: How is market volatility impacting carried interest events? - Management noted that while deal-making has slowed in the U.S., global M&A activity is up, and they are still looking for carried interest opportunities across their portfolio [56][59] Question: What steps can be taken to close the valuation disconnect with peers? - Management highlighted the importance of execution and consistency in delivering on fundraising targets and FRE goals to regain investor trust [63][64] Question: What is the current sentiment from potential investors regarding fundraising? - Management reported that most investors have not changed their allocation strategies and continue to commit to digital infrastructure investments [75][76] Question: Is there a shift in investor interest towards credit strategies? - Management indicated an uptick in interest for credit strategies, with over 100 LPs currently evaluating their private credit offerings [105]

Financial Data and Key Metrics Changes - The company reported fee revenues of $90 million, an increase of 24% year-over-year, and FRE of $35 million, up almost 80% year-over-year [28][29] - Distributable earnings for the quarter were $55 million, which included a $34 million gain from the partial realization of the investment in DataBank [29][31] - Fee earning equity under management increased to $37.3 billion, a 15% increase from the previous year [29][30] Business Line Data and Key Metrics Changes - The company raised $1.2 billion in new fee earning equity commitments during the first quarter, contributing to the overall growth in fee revenues [29][30] - The fundraising was primarily driven by the flagship Digital Ridge Partner strategy, which represented over 70% of the total fundraising [5][6] Market Data and Key Metrics Changes - The company noted that while fundraising decisions were delayed due to market volatility, investor interest in digital infrastructure remains strong [10][11] - The company highlighted that the digital infrastructure asset class has shown resilience during periods of market uncertainty, with a focus on long-term contracts that protect revenue streams [12][14] Company Strategy and Development Direction - The company is focused on building a diversified portfolio across digital infrastructure, including investments in data centers, fiber, and towers [23][24] - The recent acquisition of Crown Castle's fiber business by Zayo for $4.5 billion is expected to enhance the company's market position and improve returns [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2025 goals despite short-term fundraising delays, emphasizing the resilience of the digital infrastructure sector [10][11] - The company is optimistic about the long-term demand for digital infrastructure, driven by secular trends rather than cyclical demand [14][15] Other Important Information - The company has committed over $28 billion in CapEx for new site development over the next 24 months, indicating strong growth plans [13] - The management team is focused on scaling the private credit platform, with a target to deploy up to $2 billion in loans during 2025 [36][39] Q&A Session Summary Question: Are the guidance items for FRE growth and margins maintained? - Management confirmed that the guidance for total company FRE growth of 10% to 20% and FRE margins of 34.5% is maintained [53][54] Question: How is market volatility impacting carried interest events? - Management noted that while deal-making has slowed in the U.S., global M&A activity is up, and they remain confident in creating carried interest outcomes this year [56][59] Question: What steps can be taken to close the valuation disconnect with peers? - Management emphasized the importance of execution and consistency in delivering on fundraising targets and FRE goals to regain investor trust [62][63] Question: What is the current sentiment from potential investors regarding fundraising? - Management reported that most investors have not changed their allocation strategies, and there is still strong interest in digital infrastructure investments [74][75] Question: Is there a shift in investor interest towards credit strategies? - Management indicated an uptick in interest in credit strategies, with a significant increase in the pipeline for the credit fund [101][102]

Equinix (EQIX) Q1 2025 Earnings Call April 30, 2025 05:30 PM ET Company Participants Chip Newcom - Senior Director, Investor RelationsAdaire Fox-Martin - CEO & PresidentKeith Taylor - CFOAri Klein - Director - Equity ResearchJonathan Atkin - Managing DirectorVikram Malhotra - Managing DirectorMichael Funk - SVPTimothy Horan - Managing DirectorMichael Elias - Director Conference Call Participants Matt Niknam - AnalystEric Luebchow - Director - Senior Equity AnalystMichael Rollins - Analyst Operator Good afte ...

Financial Data and Key Metrics Changes - In Q1 2025, Equinix reported revenues of $2.2 billion, an 8% year-over-year increase, excluding the impact of Power Pass Through [8][24] - Adjusted EBITDA margins increased to 48% of revenues, and AFFO per share rose by 9% year-over-year, both exceeding expectations due to strong operating performance and lower utility costs [10][25] - Global Q1 AFFO was $947 million, up 13% year-over-year, significantly above expectations [25] Business Line Data and Key Metrics Changes - Strong recurring revenue growth was noted, driven by the impact of bookings from the second half of 2024 [8] - Interconnection revenues grew by 9% year-over-year, with over 486,000 total interconnections deployed [17] - The Secure Cabinet Express product saw a nearly 300% increase year-over-year, accounting for one-third of all new cabinet sales in Q1 [16] Market Data and Key Metrics Changes - Recurring revenues grew fastest in the APAC region at 8%, followed by The Americas and EMEA regions at 7% [28] - The Americas region delivered its best gross and net bookings performance to date, with strong demand from financial services and AI-oriented customers [28] - EMEA experienced solid gross booking performance but was impacted by anticipated churn [28] Company Strategy and Development Direction - Equinix is focusing on three strategic moves: serving customers better, solving smarter, and building bolder [15] - The company is shifting its strategy to build fewer, larger IBXs, with 56 major projects underway across 33 metros in 24 countries [18] - The company is closely monitoring the macroeconomic environment while maintaining confidence in the demand for digital infrastructure [21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand for digital infrastructure persisting through varying business cycles and economic policies [21] - The company is committed to delivering value to customers and stakeholders, focusing on innovation and operational excellence [37] - Management noted that customer demand remains strong, with no significant shifts observed in April [44] Other Important Information - The company raised its guidance for revenues, adjusted EBITDA, and AFFO for 2025 based on strong Q1 performance [34] - Capital expenditures for 2025 are expected to range between $3.4 billion and $3.7 billion, reflecting newly approved projects and higher FX rates [35] Q&A Session Summary Question: What is driving the improvements in sales cycles? - Management noted that strong Q1 performance and improved deal conversion contributed to shorter sales cycles, with no significant shifts in demand observed in April [44][46] Question: What are the expectations for recurring revenue growth in the second half of the year? - Management indicated that strong bookings momentum from Q1 and Q2 will support recurring revenue growth in the second half of 2025, despite challenges in EMEA due to churn [55][56] Question: Can you provide an update on the U.S. XScale joint venture? - Management confirmed a strong pipeline for XScale opportunities, with ongoing projects and a positive demand profile despite some challenges in the market [66][68]

Q1 2025 Earnings Conference Call NASDAQ: EQIX Presented on April 30, 2025 © 2025 Equinix, Inc. Public Disclosure Statement Forward-Looking Statements Except for historical information, this presentation contains forward-looking statements which include words such as "believe," "anticipate," and "expect." These forward-looking statements involve risks and uncertainties that may cause Equinix's actual results to differ materially from the expectations discussed in such forward-looking statements. Factors that ...