Note: This is an IPO consisting of American Depositary Shares (ADS).

(Incorporated in the Cayman Islands)

DayOne is a leading digital infrastructure platform outside of the United States and China. Since our inception in 2022, we have secured 4.6GW of Resources across ten markets. Of this, we have approximately 2.3GW of Bookings, primarily from seven global hyperscale and leading technology customers. In a supply-constrained environment caused by unprecedented demand from AI, we work collaboratively with our customers to create new markets. We take an industrialized approach to development, which enables us to satisfy the most demanding requirements for scale, reliability and time-to-market. Our vision is to create the largest global platform comprising multiple gigawatt-scale data center campuses in strategic locations, offering a unique value proposition to our customers.

We focused initially on the opportunity in Southeast Asia. We were the catalyst for the creation of the SIJORI market, integrating resources in the new markets of Johor, Malaysia, and Batam, Indonesia located in the Riau Islands, along with the established hub of Singapore. Within a short period of time, SIJORI has grown to become one of the largest data center markets in the world. Based on our Bookings, Structure Research estimates that we have a 33% market share in SIJORI. Our approach enables us to achieve a development yield of around mid-teens. Building on this proven strategy, we have expanded our footprint in Asia to Greater Bangkok, Thailand, Kuala Lumpur, Malaysia and Kyushu, Japan, and entered Europe with sites in Greater Helsinki, Finland and Zaragoza, Spain.

The Opportunity

Global demand for data center capacity is experiencing significant growth, driven by resilient public cloud expansion and the rapid adoption of AI. Structure Research estimates that global data center capacity is projected to increase by 135GW from an estimated 90GW in 2025 to 225GW in 2030. AI workloads are anticipated to be the primary catalyst for this growth, generating approximately 59% of incremental demand. Consequently, AI’s share of total global capacity is expected to grow from 14% in 2025 to 41% by 2030, according to Structure Research. To support this industry shift, global leading hyperscalers and technology companies are significantly accelerating their capital expenditures to build out the computing infrastructure required for the AI era. The top ten global hyperscalers are forecasted to invest US$7.3 trillion between 2026 and 2030, representing a more than fivefold increase compared to the US$1.4 trillion spent over the preceding five-year period, according to Structure Research.

Since our inception in 2022, we have delivered 962MW of Capacity In Service as of September 20, 2026. In Southeast Asia, according to Structure Research, this approach delivers capacity at a cost that is around 20% to 30% below industry average and within 12 months, and achieves a development yield of around mid-teens underpinned predominantly by long-term take-or-pay contracts with our hyperscale customers.

Our Operating Model

We provide critical data center infrastructure, including space, power and cooling, to support our customers’ IT equipment. Our data centers are engineered to be workload-agnostic and flexible, enabling them to accommodate evolving power density requirements and technical standards. We are responsible for the day-to-day operation and management of our data center facilities and for meeting our service level commitments, while customers manage and operate their own IT equipment deployed within our facilities. We generate substantially all of our revenue from data center services under long-term customer contracts. Revenue primarily comprises services fees for providing space, power and cooling capacity. Power is generally charged based on customers’ actual power consumption on a pass-through basis.

Our Footprint

A core proof point is the creation of the SIJORI market, spanning Singapore, Johor (Malaysia) and Batam (Indonesia) located in the Riau Islands. We developed SIJORI in direct response to Singapore’s capacity constraints, creating a low-latency, multi-availability zone for public cloud, AI training and inference deployments. Since entering Johor, we have built campuses at two locations, Nusajaya Tech Park and Kempas Tech Park, secured approximately 1.4GW of Bookings and brought five global hyperscalers into the market. Our revenue derived from Malaysia accounted for 81.5% and 87.0% of our total revenue for 2025 and the six months ended June 30, 2026, respectively. In parallel, our Batam campuses at Nongsa Digital Park and Kabil Industrial Tech Park are among the first large-scale AI sites in Indonesia, while our presence in Singapore, where our campus is currently under development, anchors a tri-node deployment strategy for the SIJORI market. We are aiming to replicate this framework across other growth markets in Asia Pacific (excluding China) and Europe, including Greater Bangkok, Thailand, Kuala Lumpur, Malaysia, Greater Helsinki, Finland, Zaragoza, Spain and Kyushu, Japan.

Note: Net loss and revenue are in U.S. dollars for the 12 months that ended on June 30, 2026.

(Note: DayOne Data Centers Ltd. filed its F-1 on Oct. 5, 2026, without disclosing the terms for its IPO. Estimated proceeds are $100 million.)