• 7 min read • Author: Fabian Dawson • Print • Privacy & Disclaimer

Spotlight 🔍 Carrier Connect Data Solutions

Carrier Connect was named a Top Pick at the AlphaNorth Capital Event in the Bahamas, underscoring its execution-focused approach to scaling operating data centres within a public company structure.

Carrier Connect Targets Digital Infrastructure Bottleneck With Cash-Flowing Data Centres

  • Carrier Connect is acquiring operating data centres with modern infrastructure and available capacity, integrating them into a public platform where scale, liquidity, and portfolio breadth support valuation re-rating.
  • The company’s strategy is reinforced by structural supply constraints in a data centre market projected to grow from roughly US$430 billion today to more than US$1.1 trillion by 2035.
  • With four operating data centres in place and four to six additional acquisitions targeted for 2026, Carrier Connect is scaling its recurring revenue base toward approximately C$15 million over the next one to two years.
“For every dollar we invest of our investors’ and shareholders’ money, we can return four to five dollars’ worth of market cap.”
— Mark Binns, CEO of Carrier Connect Data Solutions

The global race to deploy artificial intelligence (AI) has created a bottleneck at the heart of the digital economy, with data centre capacity falling short just as demand surges.

Goldman Sachs Research expects the global data centre footprint to keep expanding rapidly through 2030, with tight capacity and high occupancy as new facilities race to keep up with AI-driven demand. It also warns that bringing additional data centre capacity online is being slowed by grid connection delays, complex permitting, and other infrastructure constraints.

According to Precedence Research, the global data centre market size is predicted to increase from US$430.18 billion this year to approximately US$1,103.70 billion by 2035, representing an increase of more than 2.5 times in market value over the period.

The widening gap between demand and available capacity has channelled capital toward digital infrastructure, lifting valuations for scaled public operators while many smaller, private facilities remain starved of liquidity and growth capital.

It is at this inflection point, Vancouver-based Carrier Connect Data Solutions Inc. (TSXV: CCDS) (OTCQB: CCDSF) has positioned itself as a consolidator of choice, rolling up overlooked, cash-flowing data centres into a public platform aligned with accelerating AI infrastructure demand.

“Demand is exceeding supply across the industry. AI is driving a huge increase in processing requirements, and more processing power means more servers. More servers mean more space in data centres, and that demand is now running ahead of available capacity,” said Mark Binns, CEO of Carrier Connect.

Carrier Connect’s Strategy

Carrier Connect’s strategy is deliberately built around Tier II and Tier III data centres which form the backbone of enterprise computing, cloud redundancy, disaster recovery, and regional connectivity.

They are critical, revenue-generating assets that serve a broad base of customers who require reliability but do not need hyperscale footprints. As AI workloads expand, those customers are demanding more power density, stronger redundancy, and geographic diversity, all without the delays and costs associated with new builds. 

In many markets, existing Tier II and Tier III facilities are already running at high utilisation, creating immediate pricing power and expansion opportunities for operators that control capacity.

Carrier Connect targets operating data centres around the world that are already cash-flow positive, technologically modern, and capable of scaling utilisation with limited incremental capital.

“We’re looking for data centres that are already cash-flow positive, with modern infrastructure and room to grow, where we don’t need to spend heavily on new capital just to make them viable,” said Binns.

“If a facility already has capacity and the right infrastructure, we can add revenue quickly without building from scratch, simply by bringing it into the portfolio and putting our sales platform behind it.”


Carrier Connect’s Proof of Execution

Carrier Connect’s acquisition discipline is already reflected in a growing, multi-region operating portfolio. Each facility was selected based on operating cash flow, modern infrastructure, available capacity, and the ability to grow revenue without heavy incremental capital investment.

Vancouver, Canada

The company’s foundation asset is its Tier II/III data centre at 200 Burrard Street in downtown Vancouver. The facility is directly connected to the Harbour Centre Internet Hub and serves enterprise and service-provider customers that value proximity, redundancy, and network diversity.

The site generated approximately C$360,000 in revenue in 2024, is projected to reach C$450,000 in 2025, and carries a 2026 revenue target of C$750,000 as utilisation increases. With 50 racks of space and capacity to expand within its existing footprint, Vancouver provides a clear example of Carrier Connect’s strategy to acquire an operating asset and drive growth through utilisation rather than construction.

Perth, Australia

Carrier Connect’s first international acquisition significantly expanded the platform’s scale. The Perth facility is a 2MW data centre with 220 racks, fully built out with redundant power, cooling, and backup systems.

The site is currently producing roughly C$65,000 per month in revenue, with stated upside to approximately C$330,000 per month, or nearly C$4 million annually, as capacity is filled. Importantly, the infrastructure is already in place, allowing revenue growth to be driven by sales execution rather than capital-intensive upgrades.

Perth also adds geographic diversity to the portfolio, strengthening Carrier Connect’s ability to offer redundancy across regions and jurisdictions.

Ottawa, Canada

The acquisition of Ottawa’s PureColo in a deal worth C$8.5 million last November marked a step-change for Carrier Connect. The Ottawa portfolio includes two data centres with four megawatts of total capacity, serving more than 60 international customers.

PureColo brings near-term fundamentals that matter to investors. Unaudited 2025 revenue is forecast at approximately C$2.35 million, with gross profit of about C$1.13 million, revenue growth tracking near 28% year over year, and EBITDA-positive operations. Management has highlighted potential revenue capacity of up to C$6 million annually within the existing footprint.

Beyond the numbers, Ottawa materially enhances Carrier’s ability to sell geographic redundancy, a key requirement for customers that cannot tolerate downtime.

“We’ve already done four data centres and proven that the model works. Every acquisition we’ve completed has validated the strategy," said Binns.

Charting Carrier Connect

TSXV: CCDS | OTCQB: CCDSF

đź’°
$47M
Market Cap
đź”·
$1.85
PriceÂą
🎉
$1.72
Picked²
  1. As of market open on Febraury 13, 2026
  2. As of market open on Monday, January 19, 2026 after being selected as a Top Pick at the CEM AlphaNorth Capital Event.

Following its selection as a Top Pick at the AlphaNorth Capital Event in the Bahamas, Carrier Connect’s CEO Mark Binns unpacks how the company’s strategy is being executed on the ground, and what comes next in this Q&A with the IB Newsletter.

Why focus on Tier II and Tier III data centres instead of hyperscale facilities?

“The demand profile is very different. Tier II and Tier III data centres serve enterprises and service providers that still need redundancy, uptime, and geographic diversity, but don’t require hyperscale footprints. Right now, demand is exceeding supply across the industry, and that pressure is falling most heavily on quality Tier II and Tier III facilities that already have power, cooling, and connectivity in place. Those assets are critical infrastructure, and they’re already generating revenue.”

What defines an attractive acquisition target for Carrier Connect?

"We’re looking for data centres that are already cash-flow positive, with modern infrastructure and room to grow. We don’t want to spend heavily on new capital just to make an asset viable. If a facility already has capacity and the right systems in place, we can add revenue quickly without building from scratch by bringing it into the portfolio and putting our sales platform behind it. That discipline is central to how we manage risk."

How does the current portfolio validate the strategy, and what should investors expect over the next year or two?

“We’ve built a portfolio of four operating data centres across Vancouver, Perth, and Ottawa, and that execution has validated the model. Each acquisition shows that assets with available capacity are re-rated in a public portfolio, with utilisation-driven revenue growth that doesn’t rely on new construction.

Looking ahead, we’re planning four to six additional acquisitions in 2026, focused on cash-flow-positive facilities with modern infrastructure and available capacity. Based on the assets we already own and the acquisitions we’re pursuing, we’re targeting approximately C$15 million in annual recurring revenue as the platform scales over the next year or two.”

Our View

  • AI demand is rising faster than new data centre capacity can be delivered. Grid access, permitting, and infrastructure delays are keeping supply tight, increasing the value of existing, operating facilities. Carrier Connect is focused on owning that capacity, not waiting years to build it.
  • The company’s emphasis on Tier II and Tier III data centres prioritises revenue and utilisation over construction risk. These assets serve enterprise customers that require uptime and redundancy, and the current portfolio shows how growth can be driven by filling existing space rather than deploying heavy capital.
  • With four operating data centres and plans for four to six acquisitions in 2026, Carrier Connect is moving into a scaling phase. Management’s target of roughly C$15 million in annual recurring revenue over the next one to two years provides a clear benchmark as the platform expands.

Upcoming: Scottsdale Capital Event

April 10–12, 2026

The multi-award-winning Westin Kierland Resort & Spa will host the 13th Annual CEM Scottsdale Capital Event. Set in the Arizona desert, the event will bring together a curated group of issuers and capital-savvy investors for focused one-on-one meetings and high-quality engagement centred on execution, opportunity, and access.

Warm Regards and Happy Investing,
Fabian Dawson

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