DigitalBridge Group is leaning hard into the AI infrastructure boom, pairing steady growth in fee-related earnings with a string of strategic moves aimed at removing the biggest constraints on hyperscale expansion: power and network reach. In Q2 2025, fee revenues rose 8% year-over-year to $85.4 million, while fee-related earnings climbed 23% to $32 million. Fee-earning equity under management reached $39.7 billion, up 21% from last year, with $1.3 billion in new commitments during the quarter and $2.5 billion raised year-to-date.
The company closed its acquisition of Yondr, adding a global hyperscale developer with more than 400MW of leased capacity and a roadmap to over 1GW. It also launched Takanock, a $500 million powered-land platform in partnership with ArcLight, designed to deliver shovel-ready sites in power-constrained markets. Switch, one of DigitalBridge’s key platforms, expanded its borrowing base and credit facilities to $10 billion to support large-scale AI leasing projects, including a $3 billion AI campus in Nevada. Across its eight global data center platforms, DigitalBridge now has 5.4GW of capacity built or under construction and a secured “power bank” approaching 21GW.
CEO Marc Ganzi said the advantage comes from controlling both the delivery timeline and the inputs. “As we lease out and build new capacity, we are not constrained. Others may be — but we are not,” he told investors, pointing to record hyperscale leasing pipelines and unprecedented AI workload growth. Alphabet’s token processing volumes have jumped from 9.7 trillion per month a year ago to 980 trillion in July — a 50x increase in twelve months and a doubling in the past quarter alone — creating direct pull-through for compute, power, and connectivity.
Alongside power and compute, Ganzi stressed that “connectivity is the third leg of the stool,” highlighting Zayo’s role in linking AI campuses to each other and to the cloud. DigitalBridge, in partnership with EQT, took Zayo private in 2020 in a $14.3 billion deal, securing one of North America’s largest long-haul and metro fiber footprints.
On the call, management underscored Zayo’s aggressive expansion into AI interconnect routes and its recently announced transaction to acquire Crown Castle’s fiber and small cell assets. That deal will add thousands of route miles in key metros, enhance on-net building reach, and deepen Zayo’s presence in markets where AI clusters are forming. Combined with recent investments in 400G and 800G optical transport upgrades, Zayo is positioned to deliver multi-terabit, low-latency connectivity between DigitalBridge’s hyperscale and edge sites.
DigitalBridge is also scaling its private credit offering, deploying its “skin in the game” approach beyond co-investment. The firm led a $500M debt facility financing for Allo Fiber, one of the largest pure-play fiber ISPs serving 45 communities across the Midwest and Southwest. The financing refinanced existing debt and supports growth CapEx, seeding future infrastructure while earning fee income and deepening platform synergies.
While co-investment capital from partners continues to flow — at fee rates roughly 30% higher than historical averages — Ganzi highlighted that DigitalBridge is also committing its own balance sheet to high-conviction projects. This includes funding for targeted expansions at Vantage and Scala, as well as new edge deployments at DataBank aimed at the growing inference market. These inference-focused builds favor dense, interconnected environments near population centers, where latency and power density are both critical.
The company’s “core-to-edge” portfolio now spans hyperscale campuses, powered land banks, metro and regional edge data centers, mobile infrastructure, and long-haul fiber. This integration is central to DigitalBridge’s thesis that AI infrastructure is no longer about isolated assets, but about complete, fast-delivered ecosystems that solve for capacity, power, and network reach in one package.
Q2 2025 Highlights
- Fee revenues: $85.4M (+8% YoY)
- Fee-related earnings: $32M (+23% YoY), margin 37%
- FEEUM: $39.7B (+21% YoY); $1.3B new commitments in Q2, $2.5B YTD
- Major moves: Closed Yondr acquisition; launched $500M Takanock powered-land platform
- Capacity: 5.4GW built/under construction; ~21GW secured power bank
- Fiber: Zayo expanding AI routes; acquiring Crown Castle fiber and small cells
- Platform financing: Switch borrowing base/revolver expanded to $10B
Some key industry trends highlighted in DigitalBridge’s Investor Presentation from 07-August-2025 – https://ir.digitalbridge.com/static-files/51a4ecc2-5d02-4023-a1fa-36cee7e229d8
🌐 Why it Matters
Across its platforms—Yondr, Switch, Vantage, DataBank, powered land, and Zayo’s fiber—DigitalBridge is building fully integrated AI infrastructure. By securing power capacity, designing campuses, and controlling network reach, the firm addresses hyperscaler needs from compute to connectivity. Allo Fiber’s financing showcases how DigitalBridge layers in private credit assets to reinforce and monetize that infrastructure stack.
🌐 We’re tracking the latest developments in AI infrastructure. Follow our ongoing coverage at: https://convergedigest.com/category/data-centers/
