Core42 has announced the successful arrangement of two structured trade finance facilities amounting to $550 million with HSBC to accelerate its AI cloud and compute deployments across the United States and Europe.
The facilities of $240 million and $310 million were completed in February 2026 and May 2026, respectively.
The facilities have been purpose-built to support Core42’s capital intensity and deployment cycles of AI cloud infrastructure. Structured to enable strategic flexibility, both facilities are non-equity dilutive and reinforce its disciplined capital allocation approach as it expands its global footprint.
The facilities will enable accelerated time-to-market for large-scale capacity buildouts tied to long-term contracted demand and enterprise-grade workloads. Furthermore, it enhances Core42’s capital stack sophistication alongside its strategic hyperscaler and sovereign partnerships, supporting sustained growth at scale.
Neha Gupta, Chief Financial Officer of Core42, said that, “The trade finance facilities represent a defining moment for Core42 and for the broader AI infrastructure sector, reflecting growing institutional recognition of AI architecture as long-duration, industrial-grade capacity.”
“The provision of the trade facilities by HSBC will strengthen our ability to deploy capacity at speed across the US and Europe while maintaining financial discipline and a long-term growth framework. As enterprises and governments scale mission-critical AI workloads, the underlying cloud and compute platforms must be resilient and built to support sustained demand,” Neha added.
Commenting on the facility, Shaikha AlMarri, Head of Banking UAE, HSBC, stated that, “These pioneering structures are designed to support the financing of Core42’s current deployment, while also establishing a robust framework that enables streamlined access to funding for future initiatives. By providing this flexibility, HSBC demonstrates a strong appreciation of the unique requirements and dynamics within the technology sector.”
