AirTrunk reportedly delays Singapore IPO amid market volatility. The Blackstone-backed operator could revisit its listing in early 2027 as higher interest rate expectations weigh on investor valuations. Editor APAC, The Tech Capital 15 October 2026 | 3:33 am CEST Robin Khuda, CEO & Founder of AirTrunk at The Tech Capital's APAC Finance Forum 2024 in Jakarta. Photo: TTC AirTrunk has reportedly postponed plans for a Singapore listing amid market volatility and uncertainty over the direction of US interest rates, The Wall Street Journal reported, citing people familiar with the matter. Premium article. Daily brief. A morning briefing on what you need to know in the day ahead, including exclusive commentary from Tech Capital's writers Editor APAC, The Tech Capital

AirTrunk has secured a ¥191.6 billion (US$1.21 billion) green loan to refinance debt and fund expansion of its TOK1 hyperscale data centre campus in eastern Tokyo. The facility will support additional phases of TOK1, which can ultimately expand to more than 300 MW of capacity. Sumitomo Mitsui Banking Corp., MUFG, Crédit Agricole CIB and Société Générale acted as global coordinators. Twelve banks participated as mandated lead arrangers and bookrunners. The company recently began construction on an expansion adding more than 100 MW of IT capacity to meet near-term customer demand driven by artificial intelligence and cloud services growth. AirTrunk's total investment in Japan has surpassed ¥1.2 trillion (US$8 billion) across existing and planned projects. Its four Japanese campuses are expected to provide about 530 MW of total capacity when fully built.

Blackstone-Backed AirTrunk to invest $1 billion in Japan data centre campus for AI workloads. 8 Oct 2026 By: IDCNOVA Region: East Asia AirTrunk, the hyperscale data centre operator backed by Blackstone, announced on Wednesday that it will invest an additional $1 billion in its flagship campus in Inzai, a city in eastern Japan, to equip the site for artificial intelligence workloads. The investment marks a significant escalation in the company's commitment to Japan's rapidly growing digital infrastructure market and underscores the broader shift in the Asia-Pacific region toward AI-optimized data centre capacity. The Inzai campus, known as TOK1, currently supports more than 300 megawatts of capacity and has traditionally been used for cloud services workloads. With the new capital injection, AirTrunk will deploy liquid-cooling technology across the campus to accommodate the high-density computing requirements of AI training and inference. According to CEO Robin Khuda, TOK1 is likely to become the first data centre campus in Japan to host large-scale AI workload deployments. The decision to expand in Japan reflects a broader trend of customers seeking alternatives to traditional North Asian hubs. "Due to geopolitical reasons, we are seeing more and more customers looking to Japan from a North Asian perspective," Khuda said. He further noted that deploying AI infrastructure is becoming increasingly difficult in the United States and is already challenging in Europe, making Asia a "big beneficiary" of the global AI infrastructure buildout. The $1 billion investment will cover the retrofitting and expansion of cooling systems, power delivery infrastructure, and related facilities needed to support the demanding thermal and energy requirements of AI hardware. Liquid cooling, which is far more efficient than traditional air-based systems for high-density racks, is becoming a critical enabler for next-generation data centres running GPU-intensive AI models. Japan has emerged as a key destination for data centre investment in the Asia-Pacific region, driven by strong enterprise demand, government support for digital transformation, and its strategic location relative to other North Asian markets. AirTrunk's expanded commitment to the Inzai campus positions the company to capture a growing share of the region's AI infrastructure spending, even as competition among hyperscale operators intensifies across Japan and neighboring markets.