Rising Interest Rates and Cost of Capital: Higher interest rates can increase borrowing costs for acquisitions and reduce the attractiveness of future investments, potentially depressing asset valuations and returns.

Asset Valuation Volatility: The market value of digital infrastructure assets, such as data centers, fiber networks, and cell towers, can fluctuate, impacting the company's net asset value and financial performance.

Intense Competition for Assets: High demand for digital infrastructure properties can drive up acquisition prices, making it more challenging to secure attractive deals and potentially compressing investment returns.