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DigitalOcean bets bigger on capacity as AI demand surges

DigitalOcean has raised $800 million through an expanded share offering, signaling mounting pressure to scale infrastructure as AI workloads grow. The company plans to channel funds into new data center capacity while reducing existing debt, amid ongoing talks for additional sites. The move reflects a broader shift as mid-tier cloud providers race to keep pace with intensifying demand for GPU-backed services.

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