GDS Holdings announced on October 29, 2024, that its international affiliate company DigitalLand Holdings Limited (referred to as GDS International or GDSI) has reached a final agreement with several institutional private equity investors to subscribe to $1 billion USD newly issued Series B convertible preferred shares of GDSI. GDSI was established in 2022, headquartered in Singapore, currently owning approximately 480 megawatts of datacenter capacity, and planning to develop an additional 590 megawatts of capacity. The Series B financing is led by Coatue Management, with significant participation from The Baupost Group, to support GDSI in developing up to 1 gigawatt of datacenter capacity. After the completion of the transaction, GDSH will hold approximately 37.6% equity of GDSI and will no longer consolidate GDSI's financial statements. The shares of Series B and their conversion shares have not been registered in the USA, and exemptions are expected to be obtained under the US securities laws.

GDS Holdings announced on October 29, 2024, that its international affiliate company DigitalLand Holdings Limited (referred to as GDS International or GDSI) has reached a final agreement with several institutional private equity investors to subscribe to $1 billion USD newly issued Series B convertible preferred shares of GDSI. GDSI was established in 2022, headquartered in Singapore, currently owning approximately 480 megawatts of datacenter capacity, and planning to develop an additional 590 megawatts of capacity. The Series B financing is led by Coatue Management, with significant participation from The Baupost Group, to support GDSI in developing up to 1 gigawatt of datacenter capacity. After the completion of the transaction, GDSH will hold approximately 37.6% equity of GDSI and will no longer consolidate GDSI's financial statements. The shares of Series B and their conversion shares have not been registered in the USA, and exemptions are expected to be obtained under the US securities laws.