The Levis, Que.-based firm has retained TD Bank and Scotiabank as advisors and received offers, with Goldman Sachs, Morgan Stanley and Caisse de dépôt et placement du Québec among those interested in buying in, sources told La Presse. QScale declined The Logic’s request for comment. (La Presse, The Logic)

Talking point: QScale builds and operates data centres, securing power and network connections, putting up the building, and installing the electrical and cooling equipment. Clients like Hewlett Packard Enterprise and Micrologic fill the facilities with servers to run their cloud services. QScale has a $1.2-billion, 142-megawatt data centre in its hometown, but ran up against power constraints in Quebec. As The Logic first reported, it’s now planning a project worth up to $4 billion in the Greater Toronto Area. QScale has raised US$387.4 million in financing to date from backers including Investissement Québec and Desjardins Capital, including loans from Desjardins, Export Development Canada and Scotiabank, per PitchBook data.