These claims will not really come as a surprise, I don't think, to anyone who is an Equinix customer. Particularly their reliance on charging as much as they can for cross-connects that they continue to squeeze their remaining captive customer base for.

Hindenburg Research (who have now taken a short in EQIX):

Equinix Exposed: Major Accounting Manipulation, Core Business Decay And Selling An AI Pipe Dream As Insiders Cashed Out Hundreds of Millions

https://hindenburgresearch.com/equinix/