West Jordan-based Novva Data Centers has announced that it, along with its development partner, CIM Group, a Los Angeles real estate investment trust, have secured financing for the buildout of Novva’s Utah data center. The $2 billion financing package for the 175-megawatt installation will be funded by J.P. Morgan and Starwood Property Trust of Greenwich, Connecticut.
“This significant financing is further validation of the potential we saw in Novva’s proprietary data center design and its experienced and forward-thinking management team when we invested in the company five years ago,” said Avi Shemesh, co-founder and principal at CIM Group. “As demand for AI and data center capacity grows, we believe Novva continues to be strongly positioned as one of the most innovative and fastest-growing data center companies in the Please log in to see the rest of this story.
