Koch Inc. is exploring a sale of Edged, its data center development portfolio company, with valuations exceeding $15 billion according to Bloomberg. The company has attracted multiple bidders, and competitive dynamics could push the final sale price above the reported figure. Edged was co-founded with entrepreneur Jakob Carnemark and has become one of the leading independent data center developers building ultra-efficient facilities for hyperscalers.
Edged's portfolio includes a 168 MW campus in Atlanta, a 96 MW facility near Chicago, and additional sites totaling more than 300 MW of capacity. The company raised nearly $2 billion in financing during 2026, including a $1.3 billion senior secured notes offering in April. Edged differentiates on infrastructure engineering: it developed ThermalWorks, an advanced closed-loop cooling system consuming zero water while enabling densities up to 200 kW per rack. Koch's broader resource base—power generation capabilities, optimization expertise, and capital—has amplified Edged's competitive moat in a constrained land and power environment.
The $15B valuation signals the unprecedented premium investors attach to AI infrastructure in 2026. Data centers are now among the most sought-after assets in tech infrastructure as hyperscalers race to provision GPU-dense facilities. The sale—if completed—would rival the largest infrastructure deals and represents a liquidity event for Koch's bet on AI-driven compute demand. For architects planning capacity, a large PE sponsor or strategic acquirer taking Edged signals further consolidation in data center development, tighter supply, and sustained pricing power for available megawatt capacity over the next 24–36 months.