Bain Capital is in talks to buy Edged Data Centers in a deal that could top $15 billion. The potential acquisition has a direct New Albany connection: Edged co-founder Jakob Carnemark also runs the affiliated Edged Energy company, which built a $250 million data center in the city.

Bloomberg reported Tuesday, Sept. 29, that Bain has held discussions with Koch Inc. to acquire the US operations of Edged. Koch Real Estate Investments, a Koch subsidiary, has been soliciting bids with Goldman Sachs and Newmark advising on the sale, according to Private Equity Wire.

No deal has been reached. Discussions could still end without a transaction, according to people familiar with the matter cited by Bloomberg.

The Edged Energy facility at 6385 New Albany Road East spans about 210,000 square feet on a 15-acre parcel. The New Albany City Council approved the project and granted it a 15-year, 100 percent real property tax abatement, according to Data Center Dynamics. City records listed a grand opening for the facility on Sept. 10, 2025.

The data center uses a waterless cooling system from ThermalWorks. The company says the technology has saved 380 million gallons of water, according to Data Center Dynamics.

Koch Inc., one of the largest privately held companies in the world, co-founded Edged in 2024 with Carnemark, his separate company Endeavour, whose affiliate Edged Energy…who also founded Aligned Data Centers. Edged operates seven data centers across the US, including a 180-megawatt campus in Atlanta, and has additional facilities under development in states including Ohio, Pennsylvania, Iowa and Illinois, according to Private Equity Wire and Data Center Dynamics.

Bain already owns US-focused data center operator DC Blox and Europe-focused firm Hscale. Crypto Briefing reported that Bain has largely stayed on the sidelines of the US data center boom. Acquiring Edged would significantly expand Bain's domestic footprint.

The potential deal adds another layer to New Albany's growing role as a data center hub. As we reported Tuesday, Sept. 29, the city is weighing tax break renewals for Google, Meta and Amazon facilities. Data centers generated $10 million in community development charge revenue for New Albany in tax year 2024 and helped the city earn AAA bond ratings from both Moody's and S&P, according to city financial records.

Neither Bain Capital nor Koch Inc. has publicly commented on the talks. No timeline for a decision has been reported.