Iron Mountain secures 15-year contract for 28 MW at its Northern Virginia data center campus

Iron Mountain's securing of a 15-year, 28 MW lease at its Northern Virginia data center campus represents a significant commitment within the competitive data center market. This lease, with an undisclosed value, underscores the continued demand for data center capacity, particularly from hyperscalers, in a key strategic location. The long-term nature of the contract provides Iron Mountain with predictable revenue streams and reinforces its position as a major player in the data center colocation and hyperscale readiness space. The deal is notable for its size, the involvement of a major data center provider (Iron Mountain), and the participation of a hyperscaler tenant, although the specific identity of the tenant remains undisclosed. This transaction further validates Northern Virginia's status as a premier data center hub. The announcement date of February 12, 2026, suggests this is a forward-looking agreement, potentially reflecting anticipated future capacity needs of the hyperscaler. The lack of disclosed value makes it difficult to fully assess the financial impact, but the 28 MW capacity and 15-year term suggest a substantial commitment.