Csquare (CSQR) Investor presentation summary

Platform and footprint

• Carrier-neutral retail colocation and connectivity platform with 62 data centers across 21 urban markets and ~385 MW of sellable power capacity.

• Serves 1,700+ customers with 36,600+ interconnection products; top 50 customers average 12+ years of tenure.

• Facilities place 92% of the U.S. population within <2 ms; 75% of NOI comes from owned facilities.

• Customer base spans cloud and IT, banking, healthcare, media, network services and other verticals; no single customer exceeds 7% of revenue.

Demand and AI positioning

• Demand drivers include AI inference and high-density computing, enterprise workload growth, data localization, cloud repatriation and hybrid architectures.

• Facilities support AI and HPC deployments with air cooling up to ~250 kW per rack and chilled-water capabilities at ~50 kW per rack.

• Customer examples include a leading AI-native cloud provider with 15.4 MW deployed and a global financial services firm with 20.7 MW deployed.

• Reliability and customer retention indicators include 99.999% uptime, 1.8% average quarterly net revenue churn from Q3'24 to Q2'26, and 78% of 2025 new sales MRR from existing customers.

Bookings and expansion runway

• Annualized bookings reached $64.7M in Q2'26, following 13 consecutive record-bookings quarters.

• Embedded expansion runway totals ~670 MW: ~330 MW from equipment optimization and ~340 MW from under-roof expansion; mid-term sellable capacity target is ~1 GW.

• Expansion strategy targets a <5-year payback at $4–8M/MW, net of customer installation charges, using existing buildings, power and connectivity.

• Chicago expansion added 6.5 MW at $3.5M/MW; New Jersey added 6.0 MW at $2.3M/MW, net of customer installation charges.