Iron Mountain Aims for Over 20% Growth in Data Centers and Digital Solutions
Iron Mountain is targeting more than 20% long-term growth driven by its data centers, asset lifecycle management (ALM), and digital solutions. The company serves over 245,000 business clients, including most Fortune 1000 companies, many of whom initially engaged with Iron Mountain for records management before expanding into other services. The data center segment is scaling rapidly, expected to generate more than $1 billion in revenue this year. With AI inference driving demand for high-density and liquid-cooled facilities, the company has already leased 110 megawatts through July and plans to energize an additional 325 megawatts over the next 18–24 months. Digital solutions are growing at a 20% annual rate and have surpassed $600 million in revenue. ALM is projected to reach about $1 billion annually, with cross-selling opportunities across enterprise IT equipment management and hyperscale data center decommissioning.
Tickers: $IRM
Topics: cross-selling strategy data centers digital solutions growth projections