Equinix has added 10 new expansion projects since October and increased its powered land-under-control balance by roughly 1 GW, positioning the company to accelerate growth as artificial intelligence drives demand for digital infrastructure.

CEO Adaire Fox-Martin said the additions bring Equinix’s total developable capacity to approximately 3 GW, supported by both retail and xScale land under control. Of that total, close to 1 GW is earmarked for the company’s hyperscale-focused xScale joint venture strategy.

The NPM data center database identifies 21 planned projects from Equinix across North America and Europe.

In January, Equinix contributed its Hampton, Georgia, asset to its US xScale joint venture, a move Fox-Martin described as an important step toward deploying USD 15bn of capital alongside partners in major metros. The Hampton facility is designed to support about 240 MW of IT capacity when fully built out.

“The signing of the lease for half of this facility to a hyperscale customer is expected in Q1, and we expect the site to be fully leased later this year,” Fox-Martin said on the company’s 4Q25 earnings call on February 11.

AI workloads

The expansion comes amid accelerating AI-driven demand. Equinix reported that approximately 60% of its largest bookings in the fourth quarter were tied to AI workloads. Notably, about half of those AI-related bookings came from enterprises outside the traditional cloud and IT provider community, spanning sectors such as retail, e-commerce, manufacturing, financial services and content.

“So, I think this demonstrates increasing enterprise AI adoption outside of the service provider community,” Fox-Martin said.

Equinix closed more than 4,500 deals in the fourth quarter and delivered record annualized gross bookings of USD 474m, up 42% year over year. For the full year, bookings reached USD 1.6bn, up 27%.

For the quarter that ended December 31, Equinix reported revenue of USD 2.42bn, up 7% year over year on a normalized and constant currency basis. Adjusted EBITDA was USD 1.2bn, representing roughly 49% of revenue. Full-year 2025 revenue totaled USD 9.217bn, while adjusted EBITDA reached USD 4.53bn.

Looking ahead, the company projects 2026 revenue of USD 10.123bn to USD 10.223bn, implying 9% to 10% normalized growth. Adjusted EBITDA is expected between USD 5.141bn billion and USD 5.221bn, with margins around 51%.

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