Lowenstein Sandler's broad experience representing companies in the rapidly expanding ecosystem of data centers, digital infrastructure, and adjacent assets has resulted in the formalization of the firm's cross-disciplinary Data Centers & Digital Infrastructure practice. This innovative initiative is co-led by partner Steven E. Siesser, Chair of Lowenstein's Private Equity group, Co-chair of the Transactions & Advisory Group, and Managing Partner of the firm's New York office, and Daniel A. Suckerman, a partner in the firm's Real Estate group.
The Data Centers & Digital Infrastructure group is uniquely positioned to meet the multifaceted and evolving needs of stakeholders across the digital infrastructure landscape, including data center developers and operators, cloud service providers, Bitcoin mining companies, and content providers, as well as both individual and institutional investors. The Lowenstein team has established a strong track record in this growing sector, advising on major acquisitions, development projects, and leases and colocation agreements, as well as leading complex financing transactions (including SPACs) that align with clients' strategic and financial objectives.
"Our clients are building the backbone of the digital economy," says Siesser. "Lowenstein's deep experience advising clients in complex negotiations and sophisticated financing arrangements, particularly in emerging and high growth sectors, enables us to provide integrated counsel across the full spectrum of issues involved in developing and launching not only data centers, but the many ancillary businesses necessary for this ecosystem to thrive."
Suckerman adds: "From acquisition of land and development of data center sites to complex leasing transactions, we understand the intricate commercial and risk considerations that define this asset class. We leverage that knowledge to help clients move with speed and certainty in navigating market dynamics driven by high-density compute demands, cloud growth, artificial intelligence (AI) workloads, and power-constrained environments."
Lowell A. Citron, Chair of Lowenstein's Debt Finance group, says: "Data center and digital infrastructure financings present unique complexities, balancing construction schedules, equipment procurement, interconnection risk, and long development timelines. We are skilled in structuring and negotiating financing innovative solutions across the capital stack to help sponsors and operators scale efficiently while preserving the flexibility these projects demand."
Building on Lowenstein's nationally recognized Fintech, Crypto, Trading & Markets practice, the Data Centers & Digital Infrastructure practice underscores the firm's leadership at the intersection of digital assets and complex capital and private market transactions. "Our clients need full-service legal partners who understand the nuances of staking, tokenomics, and decentralized governance," says Brooke A. Gillar, a partner in the firm's Transactions & Advisory Group. "We advise not only those developing and financing data centers, but also the innovators and institutional participants who ultimately rely on their power and capacity."
In 2025 alone, members of the Lowenstein team engaged in numerous highly valued transactions for data centers and digital infrastructure companies, including:
- Representing long-time client Applied
Digital Corporation (Nasdaq: APLD), a designer, builder, and
operator of next-generation digital infrastructure for HPC
applications, in numerous transactions, including:
- three long-term lease agreements with CoreWeave (NASDAQ:CRWV) for AI data centers at Applied Digital's Polaris Forge 1 campus in Ellendale, North Dakota expected to generate roughly $11 billion in rental revenue over an approximately 15-year term;
- $2.35 billion senior secured notes offering by its subsidiary, APLD Compute Co LLC to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended;
- a $150 million convertible preferred equity facility to advance the development of its Ellendale multi-building HPC data center campus;
- closing a $375 million construction financing with SMBC; and
- draws of nearly $900 million from its previously announced $5 billion perpetual preferred equity financing facility, with Macquarie Asset Management. Funds will be used to support Polaris Forge 1 and Polaris Forge 2 development.
- Represented Qualus Corporation, a leading pure-play power solutions firm and innovator at the forefront of power infrastructure transformation, in its $110 million acquisition of John Wood Group plc's North American Transmission and Distribution engineering business, which provides comprehensive power engineering services in the areas of substations, transmission, distribution and renewable generation across Canada and the U.S.
- Represented Soluna Holdings, Inc. (Nasdaq: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and artificial intelligence (AI), in its pricing of a public offering, the gross proceeds of which, before deducting the placement agent's fees and other offering expenses payable by the company, are expected to be approximately $5 million.
- Represented Salute, a global leader in comprehensive data center services, in its acquisition of Northshore, a sustainability-driven global engineering and consulting firm whose technology and proprietary platform Seastack is a significant breakthrough in the use of AI and automation to advance data center sustainability and optimize facility operations.
- Represented Oppenheimer & Co. Inc as lead capital markets advisor in a business combination between Cartica Acquisition Corp, a publicly-traded special purpose acquisition company, and Nidar Infrastructure Limited, a data center solutions and services provider that is considered India's leading data center provider for artificial intelligence high performance computing.
- Representation of CityBridge, a New York City-based consortium that owns, operates, and oversees the LinkNYC program, including Link5G. Link5G is LinkNYC's second generation offering that will improve digital connectivity in New York City by enabling the equitable deployment of both 5G cellular coverage and Wi-Fi connectivity across the five boroughs.
- Representation of NextEdge Networks, a leading provider of
networked infrastructure solutions from wireless cell sites and
fiber networks to EV charging stations, private networks, and
beyond.