Core42 has secured $550 million in structured trade finance facilities from HSBC, strengthening its capital base as it scales AI cloud and compute deployments across the US and Europe.
The Abu Dhabi-headquartered company said the two facilities, worth $240 million and $310 million, were completed in February 2026 and May 2026 respectively. Both have been structured to support the capital intensity and deployment cycles of AI cloud infrastructure, while avoiding equity dilution as Core42 expands its footprint.
With deployments underway across the US and Europe, the company is positioning itself as a sovereign AI infrastructure operator serving enterprise, government, and hyperscale customers. It said the additional financing will support faster buildouts linked to long-term contracted demand and enterprise-grade workloads, while adding greater sophistication to its capital stack alongside existing hyperscaler and sovereign partnerships.
Neha Gupta, chief financial officer at Core42, said: “The trade finance facilities represent a defining moment for Core42 and for the broader AI infrastructure sector, reflecting growing institutional recognition of AI architecture as long-duration, industrial-grade capacity. The provision of the trade facilities by HSBC will strengthen our ability to deploy capacity at speed across the US and Europe while maintaining financial discipline and a long-term growth framework. As enterprises and governments scale mission-critical AI workloads, the underlying cloud and compute platforms must be resilient and built to support sustained demand.”
Its European expansion is centred on Dublin, where Core42 has established its regional headquarters, with deployments also underway in Italy and France and governance partnerships in place across key markets. Roopal Jobanputra, general counsel at Core42, said: “Industrial AI infrastructure demands structural discipline. The facilities are built to support long-term deployment at scale while maintaining the governance and cross-border clarity required for mission-critical infrastructure.”
HSBC described the arrangement as both current funding support and a platform for future activity. Shaikha AlMarri, head of banking UAE at HSBC, said: “These pioneering structures are designed to support the financing of Core42’s current deployment, while also establishing a robust framework that enables streamlined access to funding for future initiatives. By providing this flexibility, HSBC demonstrates a strong appreciation of the unique requirements and dynamics within the technology sector.”
As AI infrastructure investment becomes more tightly linked to financing discipline, Core42 is expanding with facilities built around multi-year demand, cross-border delivery, and the operational depth required for large-scale cloud and compute capacity.
You must be logged in to post a comment.