Montreal-based 5C Group has closed US$605 million in new debt financing led by Brookfield Asset Management, giving the AI infrastructure developer fresh capital to advance a pipeline of large-scale data centre campuses across the United States.
The financing follows US$835 million in equity and debt raised by 5C in 2025, along with additional capital secured before that year. The company says the combined amount supporting its growth now exceeds US$1.4 billion.
5C plans to use the new funds to acquire and build its campus in Memphis, Tennessee, while supporting development and expansion work at sites in Ohio and Phoenix, Arizona. The company did not disclose the financing’s term, interest rate or other lending conditions.
The transaction adds to a wave of institutional capital moving into infrastructure designed for artificial intelligence. Training and inference systems require unusually dense computing deployments, high-capacity electrical service, advanced cooling and low-latency networking. Building those systems at campus scale has made access to both power and long-term financing central to the sector’s growth.
5C describes its projects as AI factories: campuses where compute, power, cooling, networking, software and operations are designed as an integrated system. Its development roadmap represents more than 1.5 gigawatts of planned capacity, according to the company, with the potential to support hundreds of thousands of graphics processing units.
The company says that integrated approach is intended to keep facilities adaptable as GPU designs, rack-level systems and liquid-cooling requirements continue to change. That flexibility has become increasingly important as operators plan buildings and power systems years before the computing equipment is installed.
Jonathan Ahdoot, chief executive officer of 5C, said the financing strengthens the company’s ability to build the next generation of AI infrastructure and invest in host communities over the long term. Brookfield characterized the transaction as an expansion of its existing relationship with 5C and pointed to growing North American demand for advanced AI capacity.
The announcement carries a Canadian corporate connection, but the projects named for the new capital are all in the United States. 5C was formed in 2025 when Montreal-based Hypertec Cloud acquired 5C Data Centers, creating a combined AI infrastructure platform with operations and development ambitions across North America.
For Canada’s data centre market, the deal illustrates both the opportunity and the competitive pressure surrounding AI infrastructure. Canadian companies and investors are participating in the buildout at continental scale, while the largest pools of immediately deployable capacity continue to be developed where land, electrical supply and approvals can be assembled quickly.