QScale Receives Financing Round from Aligned Data Centers

QScale
Q01 Campus – Phases 1-2 (CNW Group/QScale)

QScale, a Lévis, Canada-based sustainable computing infrastructure company, received an investment from Aligned Data Center with participation from existing shareholders, including the government of Québec through Investissement Québec and Desjardins Capital.

The amount of the deal – expected to close in the second quarter of 2023 and is subject to regulatory approval – was not disclosed.

The company intends to use the funds to develop future phases of its flagship Q01 facility and fund the development of other future campuses.

Led by CEO Martin Bouchard, QScale develops environmentally responsible computing centers specifically designed for performance computing, supercomputing, and machine learning. Leveraging proprietary waste heat recovery systems, the company’s facilities capture heat from high-performance servers and feed the excess thermal energy to adjacent greenhouses, aquaculture projects, and non-profit community organizations, generating significant environmental and social benefits for local Québec communities. Additionally, QScale’s campuses benefit from the region’s extensive hydropower and wind resources, offering renewable power at a lower cost. Its Quebec City area campus (QScale Q01) is the first colocation facility in Canada to receive the OCP Ready recognition, attesting to its energy efficiency and scalability.

FinSMEs

09/05/2023