DigitalOcean Secures $725 Million in Financing to Expand AI Cloud Capacity

05:05 PM EDT, 09/10/2026 (MT Newswires) -- DigitalOcean (DOCN) said Thursday it has secured $725 million equipment finance facility to fund the expansion of capacity for its AI-Native Cloud platform. The facility, which will mature in Sept. 2030, includes an option to increase the financing by up to $300 million, depending on commitments from new or existing lender and other conditions, according to a statement. The company said it intends to use the financing to purchase graphics processing unit, central processing unit, and other needed equipment to meet accelerating demand. "We remain highly confident in our guidance for Q3 and the full year 2026 as well as in our outlook for 2027," CFO Matt Steinfort said in the statement.