Hudson Interxchange Signs AI Cloud Customer at 60 Hudson Street, Boosting Path to Breakeven

Hudson Interxchange, the New York City data center operator formerly known as DataGryd, has secured a new customer contract at its flagship facility at 60 Hudson Street, a building widely regarded as one of the most interconnected commercial properties in the world. The deal, announced this week by parent company Cordiant Digital Infrastructure, marks a significant step forward in the operator's efforts to reach financial stability and expand its high-density capacity offerings.

The new contract is with a provider of high-density GPU cloud computing infrastructure designed for AI workloads, positioning the tenant as likely one of the emerging "neocloud" providers that specialize in leasing accelerated computing power. Under the terms of the agreement, the customer will lease 1.8MW of capacity over a five-year period, with a right of first refusal on an additional 2MW. The initial deployment, expected to commence in September 2026, will begin with 450kW of high-density racks, with full deployment anticipated by December of the same year.

In addition to the new customer win, Hudson Interxchange has also received an expansion order from an existing tenant. Together, these contracts are expected to significantly close the gap toward breakeven for the facility, according to Cordiant. The pre-sold capacity will require Hudson to complete construction of the last two halls on the sixth floor, which offers 3.5MW of leasable capacity. With 900kW previously contracted, the new deals bring total contracted IT capacity on that floor to approximately 2.8MW, or roughly 80 percent of the saleable space.

Atul Roy, interim CEO of Hudson and head of telecoms strategy at Cordiant Digital Infrastructure Management, highlighted the strategic importance of the agreement. "This contract win is an important milestone for Hudson. It validates our strategy of investing in high-density capacity at 60 Hudson Street, the most interconnected commercial building in New York, to serve rapidly growing demand for AI and high-performance computing," Roy said. "With billing commencing in September and full deployment expected by December, this agreement, together with continued expansion from our existing customers, brings Hudson significantly closer to breakeven and lays the foundation for the next phase of the company's growth."

The 60 Hudson Street facility hosts more than 300 carriers and is considered a critical interconnection hub in the New York metro area. Hudson Interxchange operates across four floors of the building, with access to approximately 290,000 sq ft (26,940 sqm) of space. The company owns its power infrastructure within the building, including a direct feed that provides access to 15MW of electricity, a key differentiator for tenants requiring reliable, high-density power for AI workloads.

Hudson Interxchange was founded in 2011 and acquired by Cordiant Digital Infrastructure in 2022, at which point it was rebranded from DataGryd. Cordiant Digital Infrastructure, a publicly traded company based in Montreal, Canada, invests in and operates digital infrastructure assets including data centers, fiber-optic networks, and communications towers across North America and Europe. Hudson is one of six acquisitions made by the firm since its inception in 2021. Its parent, Cordiant Capital Inc., founded in 1999, focuses on middle-market "Infrastructure 2.0" investments spanning digital infrastructure, energy transition, and agriculture value chains.

The deal reflects a broader trend in the data center industry, where operators are increasingly retrofitting existing urban facilities to accommodate the high-density power and cooling requirements of AI and GPU-based workloads. With legacy interconnection assets and direct power access, properties like 60 Hudson Street are becoming attractive options for tenants seeking proximity to network density without the lead times associated with greenfield development. As AI demand continues to outpace supply in key markets, deals such as this one underscore the value of strategic capacity upgrades in established urban hubs.