Core42, a G42 company specialising in sovereign cloud and artificial intelligence infrastructure, has secured two structured trade finance facilities totalling $550 million from HSBC to accelerate the deployment of its AI cloud and compute infrastructure across the United States and Europe.

The facilities, valued at $240 million and $310 million respectively, marks a significant expansion of financing support for large-scale AI infrastructure buildouts in key global markets.

According to Core42, the facilities are purpose-built to match the capital-intensive nature and deployment cycles of AI cloud infrastructure, where data centre expansion, compute scaling, and workload provisioning require substantial upfront investment.

Structured to provide flexibility without equity dilution, the facilities are expected to strengthen Core42’s capital allocation strategy as it continues to expand its global footprint.

The financing will support faster deployment timelines for large-scale infrastructure capacity linked to long-term contracted demand from enterprise and hyperscale customers.

What you need to know 

Headquartered in the United Arab Emirates, Core42 operates across the United States and Europe, positioning itself as a sovereign AI infrastructure provider serving governments, enterprises, and hyperscalers.

Core42 is also expanding its European presence, with its regional headquarters in Dublin and active deployments in Italy and France, supported by local governance partnerships across key markets.

Neha Gupta, Chief Financial Officer at Core42, said the financing reflects growing institutional recognition of AI infrastructure as long-term industrial capacity rather than short-cycle technology investment.

“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,” she said.

She added that the HSBC-backed facilities will enable faster deployment across the US and Europe while maintaining financial discipline and a structured growth framework.

Structured capital to support global expansion

Core42 said the financing strengthens its ability to scale industrial-grade AI capacity while maintaining governance and operational control across jurisdictions.

As demand for mission-critical AI workloads increases across enterprises and governments, Gupta noted that cloud and compute infrastructure must be designed for sustained, large-scale usage rather than experimental deployment.

“Industrial AI infrastructure demands structural discipline. The facilities are built to support long-term deployment at scale while maintaining the governance and cross-border clarity required for mission-critical infrastructure,” said Roopal Jobanputra, General Counsel, Core42.

The company emphasised that its model is designed to meet the requirements of sovereign and regulated environments, where compliance, security, and scalability are critical.

HSBC highlights tailored financing for technology infrastructure

HSBC, which structured the facilities, said the arrangement reflects its approach to supporting technology companies with complex, long-term infrastructure requirements.

“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,” said Shaikha AlMarri, Head of Banking UAE, HSBC.

She added that the bank recognises the unique capital dynamics of the technology sector, particularly in AI infrastructure where deployment cycles are long and capital requirements are significant.

AI infrastructure shifts towards capital-heavy global buildout

The deal underscores a broader shift in the global artificial intelligence landscape, where infrastructure providers are increasingly reliant on structured financing to support rapid expansion of compute capacity.

As AI moves from experimental applications to enterprise and government-critical workloads, demand for scalable, secure, and sovereign infrastructure is accelerating across regions.

Core42’s financing model reflects this transition, positioning structured trade finance as a key enabler for sustained AI infrastructure deployment at global scale.

With fresh capital in place, the company is expected to continue expanding its footprint across the US, Europe, and other strategic markets, reinforcing its role within the evolving global AI infrastructure ecosystem.

Talking Points

It is notable that Core42 has secured $550 million in structured trade finance from HSBC, a move that signals growing confidence in AI infrastructure as a long-term, capital-intensive industrial asset rather than a conventional tech investment.

This financing structure is particularly significant because it is non-equity dilutive, allowing Core42 to scale aggressively across the US and Europe without compromising ownership or long-term strategic control.

At Techparley, we see how this reflects a broader shift in the AI economy, where sovereign cloud providers and infrastructure operators are increasingly relying on structured capital to meet the explosive demand for compute and enterprise-grade workloads.

The deal also highlights how AI infrastructure is evolving beyond experimentation into mission-critical deployment, requiring financial models that align with multi-year build cycles, regulatory complexity, and guaranteed enterprise demand.

As AI infrastructure becomes increasingly competitive, there is a clear opportunity for Core42 to strengthen its sovereign positioning, deepen hyperscaler partnerships, and refine its deployment model to ensure it remains ahead in the global race for scalable, compliant, and high-performance AI compute infrastructure.

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