Host Digital says Site I build requires no additional equity funding
HOST•Host Digital said it needs no additional equity to fund its 55-megawatt Site I project, though project financing has yet to be finalized. The project is targeted for delivery in the first quarter of 2027 and has a 15-year take-or-pay lease with about $1.25 billion in contracted base revenue.
1. Site I funding
Host Digital told shareholders it needs no additional equity to fund Site I, but project financing has yet to be finalized. An expected lease backstop from a US-based investment-grade technology company would support access to lower-cost, investment-grade debt. The 55-megawatt project is targeted for delivery in the first quarter of 2027, when rent begins; its 15-year take-or-pay lease provides about $1.25 billion in contracted base revenue, with annual rent starting at about $67 million and rising 3% each year.
