30 Best and Worst Data Center Stocks

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11. Iron Mountain, Inc. (NYSE:IRM)

Upside Potential: 27%

Number of hedge funds: 30

Iron Mountain, Inc. (NYSE:IRM) offers a range of services, including digital transformation, data centers, secure records storage, information management and governance, and asset lifecycle management. The company operates two broad businesses: the Records and Information Management segment, which generates around 80% of its total revenue, and the global Data Center Business, which accounts for approximately 10%, with 26 operating data centers across 21 global markets.

In November 2024, Iron Mountain, Inc. (NYSE:IRM) acquired two data center development sites in Virginia, significantly boosting its planned capacity to support its rapid expansion in the data center market. This acquisition will contribute approximately 350 MW of planned future capacity, bringing the company’s total data center capacity to over 1.2 gigawatts (GW) globally once fully developed.

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