BDx Data Centers has secured a $320-million loan facility from a consortium of banks led by Bank Permata, BCA, and KB Bank, as the Singapore-headquartered operator pushes ahead with the expansion of its data centre footprint in Indonesia and other parts of Asia.
The financing comes amid rising demand for infrastructure capable of supporting artificial intelligence (AI) workloads, particularly in Southeast Asia’s largest economy, where cloud adoption and digital services continue to scale.
According to the company, part of the proceeds will be directed towards its CGK3 campus in Jakarta, which became operational in September 2025. The site has been designed to support high-density computing, including AI applications that require more power and advanced cooling systems than conventional data centres. It is among the early facilities in the Jakarta market to deploy liquid cooling technology, which is increasingly being adopted to manage heat generated by intensive GPU-based workloads.
The loan will also be used to refinance existing debt and fund upgrades to power infrastructure at BDx’s Jatiluhur (CGK4) and Suryacipta (CGK5) campuses. The company plans to expand grid capacity across these sites to around 1.2 gigavolt-amperes (GVA), positioning them to cater to hyperscale cloud providers and enterprise customers with large-scale computing needs.
The move reflects a broader shift among data centre operators in Asia, who are investing in higher-capacity facilities as AI use cases-from generative models to enterprise automation drive demand for more energy-intensive computing environments. Indonesia, in particular, has attracted growing interest from both regional and global players due to its large population, expanding digital economy, and improving connectivity infrastructure.
“By investing in AI-optimizsd liquid-cooling infrastructure, high-voltage power platforms, and scalable campuses, we are developing the next generation of infrastructure for ‘AI Factories’ with ultra-high-density GPU workloads,” said Mayank Srivastava, CEO of BDx Data Centers.
While BDx did not disclose detailed terms of the refinancing, the participation of multiple lenders points to continued bank appetite for digital infrastructure assets, which are increasingly viewed as long-term, stable investments despite global economic uncertainty.
BDx currently operates across several Asian markets, including Singapore, Indonesia, Hong Kong, and Taiwan. Its portfolio includes 18 data centres and around 50 edge sites, with additional capacity under development. The company is backed by I Squared Capital, a global infrastructure investor with more than $60 billion in assets under management. Reports indicated that I Squared Capital is in talks to sell its stake in BDx in a deal that is likely to be around $2 billion.
The latest financing is expected to support BDx’s efforts to scale capacity in line with anticipated demand from hyperscalers and AI-driven enterprises, particularly as competition intensifies among data centre operators seeking to secure power, land, and connectivity in key regional markets
