IRM · 10-Q · 2026Q3 · Full report

Data Center Joint Venture

IRON MOUNTAIN INC · 2026-11-05 · Importance 34 · Surprise 42

During the quarter ended June 30, 2026, Iron Mountain entered an agreement with a partner to form Iron Mountain Data Centers Virginia 9 JV, LP. The formation resulted in approximately $49.9 million of initial noncontrolling interests recorded on the company’s condensed consolidated balance sheet.

Key facts

• During the quarter ended June 30, 2026, Iron Mountain entered an agreement with a partner to form Iron Mountain Data Centers Virginia 9 JV, LP, recording initial noncontrolling interests of approximately $49.9 million. source
• Iron Mountain’s Frankfurt JV with AGC Equity Partners had a carrying value of $74.323 million as of September 30, 2026. source