Abu Dhabi, May 22, 2026 – Core42, the UAE-based sovereign cloud and AI infrastructure operator under G42, has secured $550 million in structured trade finance facilities from HSBC to fuel its AI cloud and compute expansion across the United States and Europe.
The financing, split into two facilities completed in February and May 2026, is designed to support Core42’s capital-intensive deployment cycles. Structured as non-equity dilutive instruments, the facilities are tied to long-term contracted demand and enterprise-grade workloads, enabling the company to scale without compromising ownership or strategic flexibility.
Core42’s European expansion is already underway, anchored in Dublin with active deployments in Italy and France. The company operates the G42 Intelligence Grid, a global factory for manufactured intelligence that transforms compute into tokens at scale — serving enterprise, government, and hyperscale clients.
The deal signals a major shift in how institutional capital views AI infrastructure. By structuring trade finance around AI deployment cycles, HSBC is treating compute capacity as a bankable industrial asset, similar to traditional physical infrastructure.
For Core42, the funding provides the momentum to accelerate its global footprint, including projects under the US-UAE AI Acceleration Partnership and collaborations with Cerebras and Domyn to build some of the world’s most powerful AI clusters.
As AI transitions from experimentation to mission-critical deployment, Core42’s financing marks a milestone in the sector’s evolution — positioning AI infrastructure as a cornerstone of the next industrial era.
