“We are aware of the report and in the process of reviewing claims made therein,” an Equinix spokesperson said in an emailed statement. “We take these matters seriously, and we will not respond further to the claims during our review. We will report back once that review is complete, as appropriate.”
Short seller Hindenburg Research targeted data centre owner Equinix Inc. on March 20, alleging that the company manipulates its accounting and is selling an “AI pipe dream”.
Hindenburg’s disclosure of a short position and its allegations raise questions about the future for Equinix, which has been benefiting from the expectation that artificial intelligence companies will need even more data centres to power the technology. Equinix shares were pummelled on March 20, and the company pulled a previously planned bond offering after the report hit.
