GDS-SW (09698) surged nearly 7% in early trading. As of press time, the stock was up 5.82% to HK$34.16, with trading volume of HK$437 million.

DayOne, a data center operator affiliated with GDS Holdings, is seeking a new round of private funding, planning to raise no less than $1 billion through its Series C round. According to sources, DayOne has initiated preliminary discussions with multiple potential investors regarding this funding round. If the deal materializes, the proceeds will primarily be used for overseas data center construction and operational expansion, further strengthening its competitive position in international markets.

A research report shows that as of the end of 2024, DayOne's operational IT capacity reached 132MW, with a customer deployment rate of 93.6%. Meanwhile, DayOne secured 340MW in new orders throughout 2024 (mainly from two data centers in Johor, Malaysia), bringing its cumulative total orders to 469MW (most of which will be operational within the next two years). Combined with GDS Holdings' Q3 2024 guidance, DayOne's operational IT capacity is expected to reach 400MW by the end of 2025. Additionally, leveraging its strong sales channels, DayOne is projected to secure 250MW in new orders in 2025, with total orders expected to reach 1GW over the next three years.