Csquare is a carrier-neutral colocation data center provider that rents physical space, power, and cooling infrastructure to enterprise customers. Customers use Csquare facilities to house their own servers and networking gear, specifically for latency-sensitive applications like financial trading, content delivery, and AI inference workloads. The company operates 64 data centers across 21 markets in the U.S., Canada, and the UK, with a significant presence in Chicago and Silicon Valley. Csquare generates recurring revenue through monthly fees based on contracted power capacity and interconnection services that allow tenants to connect directly to network carriers and cloud providers within the same facility. The business model benefits from high operating leverage, as incremental revenue from filling vacant capacity or expanding within existing buildings flows to earnings at high margins. Most contracts include annual price escalators and power cost pass-through mechanisms to protect against utility inflation. Csquare pursues growth primarily by expanding capacity within its existing footprint and upselling to its current customer base, which accounts for the majority of new bookings.