AU$35 Billion Pour In as Debt Funding Surges for Australian Data Centres

Australian data centre operators have raised at least AU$35bn in funding so far this year, according to an analysis by the Reserve Bank of Australia. The figure represents a significant increase from the AU$24bn raised in 2025 and an annual average of AU$4.6bn between 2020 and 2024.

The RBA's Data Centre Financing in Australia found that debt accounted for 85 percent of new capital, with syndicated lending providing the largest share. Operators raised approximately AU$25bn through syndicated loans, which accounted for around three-quarters of data centre financing in 2025 and 2026 to date.

Data centre operators also accounted for 17 percent of new syndicated lending during 2026, up from 6 percent in 2025. The RBA said syndicated lending was attractive because it enabled operators to secure larger loans through pooled lender exposure, while generally being more accessible than corporate bond markets for companies without investment-grade credit ratings.