Las Vegas: 13 data centres, 9 operators, 651 MW live

• 7 Aug 2026Incentive program$17.6M

  Nevada approves $17.6M tax abatements for nine companies including data-centre operators

  9 companies secure tax breaks while promising major investments across Nevada - Las Vegas Sun News

• 29 Jul 2026Moratorium

  Henderson rejects data centre moratorium, explores code changes instead

  Henderson has rejected a data centre moratorium and is instead exploring code changes, presumably to address data centre regulation.

• 28 Jul 2026Cancelled

  Diode Ventures withdraws data center proposal in Henderson County, Texas

  Diode Ventures has withdrawn its proposal for a data center in Henderson County, Texas.

• 26 Sept 2025ABS issuance

  Switch Inc. Issues $2B+ Secured Data Center Revenue Notes Series 2025-2

  Switch Inc. filed an independent accountants' report on agreed-upon procedures verifying 3,346 data center service contracts underlying a proposed asset-backed securitization (ABS) by Switch ABS Issuer LLC and Switch ABS Co-Issuer LLC. Deloitte performed validation of contract characteristics across a sample of 100 contracts (25 top customers plus 75 random), with minor exceptions noted in initial terms, uplift percentages, and dates. The securitization structures recurring revenue from Switch's Las Vegas-based colocation facilities portfolio, with underwriting by Wells Fargo Securities, RBC Capital Markets, Morgan Stanley, and TD Securities.

• 24 Feb 2022Earnings

  Switch Reports Q4 2021 Results; Record Bookings and 2022 Guidance

  Switch, Inc. announced full-year 2021 revenue of $592.0 million and net income of $14.8 million, with record incremental annualized revenue bookings of $80 million. Q4 2021 showed 26.3% revenue growth to $161.4 million and Adjusted EBITDA of $85.8 million (53.2% margin). The company provided 2022 guidance of $660–$674 million revenue (13% growth) and $345–$357 million Adjusted EBITDA, driven by strong demand for exascale infrastructure across its PRIME Campus portfolio including the upcoming LAS VEGAS 15 facility opening in Q2 2022.

• 1 Jun 2021Financing$500M

  Switch Prices $500M Senior Notes Offering to Fund Data Foundry Acquisition

  Switch, Inc. announced the pricing of $500 million in 4.125% senior unsecured notes due 2029, with closing expected June 7, 2021. The net proceeds will fund the acquisition of Data Foundry, Inc. pursuant to a purchase agreement dated May 3, 2021, with remaining funds for general corporate purposes. The notes must be redeemed at par if the Data Foundry acquisition does not close by July 31, 2021. The offering was made to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.

• 8 Sept 2020Financing$500M

  Switch, Inc. Announces $500 Million Senior Notes Offering

  Switch, Inc. announced a $500 million offering of senior unsecured notes due 2028 in a private placement exempt from SEC registration. The Las Vegas-based data center operator plans to use net proceeds to redeem $280 million in revolving credit facility borrowings and $182 million in term loan borrowings, with remaining funds for general corporate purposes. The notes will be guaranteed by Switch's subsidiaries and offered to qualified institutional buyers and non-U.S. persons.

• 7 Aug 2019Earnings$38M

  Switch Reports Q2 2019 Results: $111.6M Revenue, $58.5M Adjusted EBITDA

  Switch, Inc. announced second quarter 2019 financial results with total revenue of $111.6 million (9.2% YoY growth) and Adjusted EBITDA of $58.5 million (16.3% YoY growth). The company signed $81 million in total contract value in Q2, including a 4.5 megawatt agreement with a Tier 1 cloud provider worth over $38 million. Switch increased full-year 2019 guidance for revenue to $442-448 million and Adjusted EBITDA to $223-229 million, citing strong business momentum and expansion of The Core Campus in Las Vegas.

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