TPG Real Estate and Quantum Loophole Partners Announce Strategic Joint Venture to Develop Maryland’s First Gigawatt Data Center

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Austin, TX – () –Quantum Loophole, Inc., as well as TPG Real Estate Partners (TREP), a dedicated real estate investment platform for global alternative asset company TPG, today announced a strategic joint venture to acquire and develop an innovative, first-of-its-kind, gigawatt data center community in Frederick. County, Maryland. In connection with the creation of the joint venture, TREP acquired a minority stake in Quantum Loophole.

TREP’s investment was used in part to finance the recently closed purchase of Quantum Loophole, a nearly 2,100-acre property in Frederick County, Maryland, formerly known as Alcoa Eastalco Works.

“The demand for cloud computing and cloud services has grown exponentially over the past decade, and Frederick County is an important market for Northern Virginia data centers,” said Ty Newell, managing director of TREP. “With industrial zoning and access to significant capacity, the development site will offer several benefits to a rapidly growing hyperscale tenant base that focuses on speed of delivery. We are delighted to partner with the Quantum Loophole team and look forward to realizing our shared vision of innovative and sustainable development that will bring lasting value to the local community. ”

“This partnership with TREP reinforces our vision, setting us firmly on the path to building the world’s first gigawatt data center community,” commented Josh Snowhorn, Founder and CEO of Quantum Loophole. “This project marks the first comprehensive approach to data center development, considering environmental impact, energy use and distribution efficiency, fiber optic connectivity and sustainable construction. The Quantum Loophole approach delivers cost-effective, faster time-to-market and a revolutionary and industry-leading commitment to sustainability in hyperscale data center design. ”

The main planned, first-of-its-kind, clean cloud community in Frederick County is less than one millisecond over fiber from the heart of Northern Virginia’s Internet ecosystem. Starting at a gigawatt transmission capacity, data center modules with capacities ranging from 30 to 120 megawatts are expected to be deployed in less than nine months. In addition, the construction of a massive and reliable fiber optic ring with regional interconnection points provides large-scale traffic flows for Hyperscale, Telecom and Enterprise customers.

“We are very pleased to be partnering with TREP on this project and see it as the first of many exciting initiatives that we have planned,” added Snowhorn. “Together, we are building a truly powerful next-generation clean cloud community that will transform the industry by raising the bar for accountability, resilience, and future data center planning to the next level.”

Quantum Loophole and TREP aim to design the main planned data center in a way that uses the most advanced computing technology, benefits local communities and respects the environment. The project plan includes efficient designs for sustainable use of electricity and water, investments in reliable fiber optic communications, and thoughtful aesthetics focused on nature to protect species and reduce visibility from public roads, as well as preserve existing structures important to local history.

“This is great news for Frederick County! I am delighted that the former Eastalco property will once again become a center for high-paying jobs, ”said County Executive Frederick Ian Gardner. “Quantum Loophole is committed to developing an environmentally sensitive data center project that respects and values ​​the surrounding community and our Frederick master plan for life. Data centers provide a steady source of tax revenue and jobs, while having a net positive impact on local services such as schools, roads, and other infrastructure. I am looking forward to when Quantum Loophole shares its plans with the surrounding community. ”

Houlihan Loki is the exclusive financial advisor to Quantum Loophole. Jackson Walker, LLP, and David Severn of Offit Kurman PA were legal advisors to Quantum Loophole.

About TPG Real Estate Partners

TPG Real Estate Partners (“TREP”) is a dedicated real estate investment platform for global alternative assets company TPG. Today, TREP manages US $ 5.6 billion in assets. Since its inception in 2009, TREP has built a differentiated investment portfolio consisting primarily of real estate-rich platforms and portfolios located in the US and Europe. At the core of the TREP investment strategy is a research and data-driven approach to creating investment themes that allows it to very selectively identify the most attractive opportunities in specific sectors. TREP’s value creation strategies focus on profitability in three critical areas: optimizing performance at the property level, aggregating and curating strategically aligned portfolios, and empowering the platform. These strategies are often used in partnership with dedicated management teams.

TPG was founded in 1992 and now manages $ 96 billion in assets, investment and operating groups in 12 offices around the world. For more information visit www.tpg.com

About the quantum loophole

Quantum Loophole eliminates data center design delays by rapidly delivering a platform for land, power, connectivity and scalability. The company’s first-of-its-kind gigawatt approach to planning data center design uniquely addresses the scalability, connectivity, and cost-effectiveness of today’s large-scale deployments. Based on innovative energy, fiber and access management systems, Quantum Loophole’s core planning communities eliminate the guesswork of adding the necessary data center capacity, enabling hyperscale companies, enterprises and colocation access service providers to accelerate time to market. Including renewable energy, land and water resources, Quantum Loophole offers an environmentally friendly approach that lowers the overall carbon footprint while fully utilizing the earth with the highest levels of connectivity, reliability and security. For more information please visit www.quantumloophole.com

Forward-looking statements

This press release contains, and our officers and representatives may from time to time make “forward-looking statements” within the meaning of the safe provisions of the US Private Securities Litigation Reform Act 1995. words such as: plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should ”,“ will ”and similar future references. Examples of forward-looking statements include, but are not limited to, statements we make about our plans for data center cities, sustainable growth and community interests, the ability to manage price pressures, and similar statements.

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