IRM · 10-Q · 2026Q2 · Full report

Datacenter Capacity Expansion

IRON MOUNTAIN INC · 2026-08-05 · Importance 58 · Surprise 56

The Global Data Center Business expanded rapidly, with organic segment revenue growth of 41.4% for the six months ended June 30, 2026, primarily from leases commencing during 2026 and prior periods. Growth investment capital expenditures for data centers were $880.1 million in the first half, representing the largest component of the company’s $1.0449 billion of growth investment capital expenditures. Iron Mountain also formed the Virginia 9 joint venture and used data-center credit facilities to partially finance construction, indicating continued capacity development in the Virginia data-center portfolio.