Core42 raises $500m from HSBC to scale AI infrastructure

The G42 company has successfully arranged two structured trade finance facilities, worth $240 million and $310 million, which were completed in February and May 2026, respectively.

Each facility has been purpose-built to support Core42’s capital intensity and AI cloud infrastructure deployment cycles. They were structured to enable strategic flexibility and demonstrate Core42’s discipline the allocate capital, the company said, as it looks to expand its footprint further.

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

The facilities are expected to accelerate time-to-market for large-scale capacity buildouts tied to long-term contracted demand and enterprise-grade workloads. It aims to reinforce Core42’s position as a scalable AI infrastructure operator that is capable of mobilising global capital to meet rising demands.

Core42 is now working to bring its sovereign AI ecosystem model to Europe, with its full-stack AI infrastructure supported by a European headquarters in Dublin. Currently, the company has deployments ongoing in Italy and France and local governance partners across key markets.

Already being well-established in the UAE, Core42 also has deployments across the US and Europe and continues to scale to serve enterprise, government and hyperscale customers worldwide. The company said the new facilities will enhance the sophistication of its capital stack alongside its strategic hyperscaler and sovereign partnerships.

“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,” said Neha Gupta, CFO at Core42. “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.”

She added: “As enterprises and governments scale mission-critical AI workloads, the underlying cloud and compute platforms must be resilient and built to support sustained demand.”

Worldwide, AI is transitioning from the experimentation phase to the mission-critical deployment phase. As this continues, the digital infrastructure industry having access to structured trade finance is becoming more of a necessity for companies to have a competitive advantage.

“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,” explained Shaikha AlMarri, head of banking for UAE at HSBC. “By providing this flexibility, HSBC demonstrates a strong appreciation of the unique requirements and dynamics within the technology sector.”

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