For this episode of the DCF Show podcast, DCF Editor in Chief Matt Vincent spoke with Callum Morrison, Account Director of Cologix; and Wayne Lloyd, CEO of Consensus Core. A new collaboration announced in August 20024 between Consensus Core and Cologix launches the first NVIDIA-powered GPU as a Service (GPUaaS) in the Montreal market, making Cologix’s MTL10 data center the inaugural hub for high-performance AI workloads in Montreal. During the interview, we discuss: • What GPU-as-a-Service (GPUaaS) is and why it’s so valuable to businesses looking to leverage AI. • Why connectivity and interconnection are critical to support AI applications. • How Canada’s AI initiative is driving growth and adoption of AI. • The two companies' vision for the future of AI-ready data centers in Canada Cologix is the largest data center provider in Montréal with 12 facilities and has a Canadian interconnection ecosystem of 350 networks, 200+ cloud providers, 15 public cloud onramps and three internet exchanges. Cologix, who bills itself as one of the "leading network-neutral interconnection and hyperscale edge data center" companies in North America, announced the collaboration with Consensus Core, an AI cloud service provider, to support the needs of AI technologies at its MTL10 ScalelogixSM data center in Montréal, Canada. The collaboration enables Consensus Core to launch a new, NVIDIA-powered GPU-as-a-Service (GPUaaS) in the Canadian market and transforms MTL10 into a hub for its high-performance AI workloads. “As a registered member of the NVIDIA Partner Network, Consensus Core will supercharge AI in Canada,” said Consensus Core CEO Lloyd, who is also a company co-founder. “Implementing AI in data centers with the powerful NVIDIA accelerated computing platform requires a specialized approach. We have selected Cologix to address this need. As a Canadian company, we sought a partner offering colocation services for GPUs for both Canadian and international clients. Cologix’s hyperscale and highly interconnected data centers enable us to densify and scale our services to meet customer demands efficiently.” Unlike general cloud services that use general-purpose platforms for a wide range of applications, GPUaaS provides specialized, high-performance computing for specific AI tasks. This benefits companies that want to start doing AI workloads because instead of buying and maintaining their own physical servers and hardware, they can get access to NVIDIA accelerated computing on a per-hour basis from companies like Consensus Core. This means less downtime waiting for delivery and easy-to-use tools to deliver business results faster. Background In October 2024, Cologix announced capital raises of $1.5 billion USD to fuel its next stage of strategic growth by accelerating expansion of AI-ready data centers across key North American markets. Cologix plans to use the capital to support the ongoing build out of large-scale campuses in its core markets, including Ashburn, Columbus and Montréal, as well as to begin new builds on recently acquired land in Columbus, Des Moines and Vancouver. Upon full build out, all of the operator's planned data center construction can support over 650 critical megawatts (MW) of sellable capacity. The infusion of capital received strong investor demand, underscoring investor confidence in Cologix’s proven business model, growth potential and ability to execute on its strategic initiatives. The capital raises include a $1.0 billion USD revolving multi-asset development debt facility and an additional $500 million USD in equity from both new and existing investors. The debt facility is structured to provide Cologix with the flexibility to add new sites over time, offering quick access to capital to fund development projects as needed. Both the debt and equity raises received strong investor demand and were oversubscribed, underscoring their confidence in Cologix’s proven business model, growth potential and ability to execute on its strategic initiatives. "This is a significant milestone for Cologix and demonstrates the continued trust of our investors, both new and existing," said Scott Schneider, CFO of Cologix. "The combination of debt and equity financing provides us with the flexibility and capital to keep pace with the growing demand for digital infrastructure, particularly as AI, hybrid cloud and interconnection requirements expand. This financing ensures we can continue to scale and deliver on our customers’ needs in a dynamic market." The $1.5 billion USD in financing announced in October followed the company’s successful $1.13 billion USD and $1.07 billion CAD asset-backed securitizations since 2021, as well as a $3.0 billion USD equity recapitalization in 2022, all of which added to positioning Cologix for sustained growth. Deployment NVIDIA's H100 Tensor Core GPU-accelerated clusters will power Consensus Core’s GPUaaS operated in ...
