Novva Data Centers has announced agreement on additional investment of up to $355 million in capital from CIM Group, bringing the company’s total equity commitment to Novva to $450 million in just over two years.
The funding will support Novva’s plans to expand across the United States in order to offer 1,000 MW of designed data center capacity by 2027 at several strategic, yet-to-be-named locations. It also supports CIM Group and Novva’s ongoing partnership to create a world-class product, as well as a unique, bespoke “wholocation” experience to customers. Wholocation refers to a combination of wholesale scale and retail colocation, which provides the ability to serve clients of any size and scalability needs — from those requiring 1 cabinet to 1,000+ cabinets. The concept is a hallmark of Novva’s existing campuses in