Blackstone's AirTrunk seeks $3bn loan for one Sydney data centre

AirTrunk wants to borrow A$4.3bn ($3bn) to build SYD3, a single hyperscale data centre in Sydney exceeding 400 megawatts. The Blackstone-owned operator is in talks with banks for a five-year facility. The loan size highlights how power-hungry AI infrastructure has become, rivaling major public infrastructure costs.