The data center giant, taken private for $11B just three years ago, is now reportedly worth more than four times that amount thanks to insatiable AI infrastructure demand.
Switch, the Las Vegas-based data center operator, is reportedly in discussions to raise billions in fresh capital at a valuation exceeding $50B. That figure represents a staggering leap from the $11B price tag DigitalBridge and IFM Investors paid to take the company private in December 2022.
Who’s writing the checks #
The funding round has attracted interest from heavyweight institutional investors including Brookfield Asset Management and KKR, according to a report from The Information published on June 5.
Since 2024, Switch has raised an estimated $20B to $24B through various debt instruments and securitized financing vehicles. That includes a $768M asset-backed securities issuance completed in April 2026 and a $2.6B credit facility secured more recently. The proceeds have largely gone toward land acquisitions and campus expansions across multiple US states.
From $11B to $50B: what changed #
When DigitalBridge and IFM Investors took Switch private in late 2022, the AI infrastructure narrative was still in its early innings. Founded in 2000 by CEO Rob Roy, Switch had already built a reputation for operating some of the largest and most efficient data center campuses in the country.
What this means for investors #
Switch has reportedly been exploring a potential public listing as early as 2027. If it goes public at anything close to a $50B valuation, it would rank among the largest tech infrastructure IPOs in recent memory. Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our