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Sep 29, 8:44 PM
5C Group, the AI data-center developer spun out of Hypertec Cloud, could consider going public as it expands its project pipeline, Hypertec CEO Simon Ahdoot said at the Bloomberg Canadian Finance Conference in New York. He said the company’s growth trajectory makes an IPO a serious possibility once its current funding round is completed.
Since 2025, 5C has raised more than
$1.4 billion, including equity funding led by Brookfield Asset Management and debt financing led by Deutsche Bank, with Hypertec remaining its largest shareholder. Ahdoot said the next step would be to raise another
$5 billion-
$6 billion through a combination of debt and equity.
The company is also facing challenges in recruiting workers with the specialized skills required for the sector. . Earlier this year, its Ciara Technologies subsidiary became Nvidia’s first Canadian OEM partner to manufacture its systems in Canada.
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