Exhibit 12.1

Equinix, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in thousands)

 

    Years ended December 31,     Six months ended
June 30,		  
    2002     2003     2004     2005     2006     2006     2007  

Earnings:

              

Net loss before income taxes and cumulative effect of a change in accounting principle

   $ (21,618 )   $ (84,171 )   $ (68,478 )   $ (42,069 )   $ (6,334 )   $ (10,116 )   $ (2,688 )

Fixed charges:

              

Interest expense

     35,098       20,512       11,496       8,880       14,875       7,433       9,577  

Interest factor on operating leases

     7,558       8,594       9,251       8,828       8,516       4,068       4,946  
                                                       

Subtotal

     42,656       29,106       20,747       17,708       23,391       11,501       14,523  
                                                       

Total Earnings

   $ 21,038     $ (55,065 )   $ (47,731 )   $ (24,362 )   $ 17,057     $ 1,385     $ 11,835  
                                                       

Fixed Charges:

              

Fixed charges:

              

Interest expense

   $ 35,098     $ 20,512     $ 11,496     $ 8,880     $ 14,875     $ 7,433     $ 9,577  

Capitalized interest

     124       —         —         —         1,575       688       3,146  

Interest factor on operating leases

     7,558       8,594       9,251       8,828       8,516       4,068       4,946  
                                                       

Total Fixed Charges

   $ 42,780     $ 29,106     $ 20,747     $ 17,708     $ 24,966     $ 12,189     $ 17,669  
                                                       

Ratio of Earnings to Fixed Charges(1)

     1.0:2.0       —         —         —         1.0:1.5       1.0:8.8       1.0:1.5  
                                                       

Coverage Deficiency(1)

   $ —       $ (84,171 )   $ (68,478 )   $ (42,069 )   $ —       $ —       $ —    
                                                       
(1)   Earnings were inadequate to cover fixed charges for all periods presented except for the years ended December 31, 2002 and 2006 and the six months ended June 30, 2006 and 2007. As a result, the coverage deficiency is provided for all periods presented in which earnings were inadequate to cover fixed charges.