DayOne secures $3.7B in debt for its Johor data center buildout

CEO Jamie Khoo is scaling a platform that reported $512 million in first-half revenue and $4.9 billion in outstanding debt before the new facility.

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Primary source: Reuters

Why it matters

DayOne's latest financing comes alongside its proposed IPO and a construction pipeline larger than its operating capacity. The company's SEC filing reports rapid revenue growth, a widening first-half loss and $4.9 billion in outstanding debt as of June 30th, 2026. Turning committed capacity into operating sites is the test facing CEO Jamie Khoo's expansion plan.

AI-generated illustration of an unfinished concrete building with scaffolding and tower cranes, behind a construction fence and a large sign reading “DayOne.”

DayOne has secured RM15 billion, or about $3.7 billion, in financing for its Johor data center expansion, adding another large debt package as CEO Jamie Khoo takes the Singapore-headquartered operator toward a proposed Nasdaq listing. The seven-bank consortium disclosed the financing on October 13th.…

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