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Data Centre Developer Sues New Jersey Town for $300m

Data centre developer Hexa Builders is seeking $300 million in damages from Monroe Township, New Jersey, after officials rejected its proposed 1 million sq ft data centre in May. The lawsuit, filed in New Jersey Superior Court, alleges the township council and planning board violated multiple constitutional rights, including zoning authority, fundamental fairness, and First and Fourteenth Amendment protections. Hexa argues the application was rejected because of the township’s opposition t...

August 01, 2026

Posted by: Abdul-Rahman Oladimeji

New Jersey

TalkTalk Secures £100m Investment

TalkTalk Group has secured £100 million ($134m) in new funding from an existing shareholder. This includes approximately £50m ($67m) of non-core asset sales recently announced and amendments to existing debt facilities, allowing interest to be capitalized, increasing funding capacity by more t...

July 28, 2025

United Kingdom

5C Secures $835m from Brookfield

Canadian data center group 5C this week announced that it has successfully secured $835 million, including equity financing led by Brookfield Asset Management and debt financing led by Deutsche Bank.“5C is positioned to play a pivotal role in the AI revolution, and we are excited to welcome Br...

July 26, 2025

5C Data Centers

AT&T Expects Billion-Dollar Tax Windfall

AT&T CEO John Stankey views President Donald Trump’s recently passed budget as a financial windfall for the telecommunications space and teased an appetite for more fiber to feed growing market opportunities around its wired and wireless broadband services.“I've not seen the situation wher...

July 26, 2025

AT&T

Bitzero Secures $25m in Funding

Crypto and HPC data center firm Bitzero this week announced it has secured $25 million in funding for its mining operations. A part of the funding will be allocated to the purchase of 2,900 Bitmain S21 Pro miners, with hardware deployment set to be completed within four to six months.“Our mis...

July 26, 2025

United States

Edge Data Center Firm Armada Raises $131m

Containerized Edge data center company Armada has raised $131 million from investors and launched a new megawatt-scale product. The new funding round includes new investors Pinegrove Veriten and Glade Brook, as well as participation from existing investors such as Founders Fund, Lux Capital, S...

July 25, 2025

United States

EdgeCore Secures $235 Million in ABS Financing

US data center firm EdgeCore Digital Infrastructure this week announced the completion of an asset-backed securitization (ABS), totaling $235 million. Proceeds will be used to refinance construction loans and fund future green data center development."EdgeCore's rapid, exponential growth conti...

July 25, 2025

United States

Scala Closes $328 Million Expansion Deal

Scala Data Centers has successfully closed its first international project financing, securing $254 million in long-term financing for the construction of three hyperscale data centers and a critical power substation in Chile. The financing is set to fund the expansion of Scala's presence in t...

July 23, 2025

Scala Data Centers

Activate Capital Invests in Xnrgy

Venture capital firm Activate Capital this week announced a strategic investment in Xnergy Climate System, a North American manufacturer of air handling and liquid cooling technologies. This investment will support Xnrgy's growth, expand its domestic manufacturing presence, and accelerate the...

July 23, 2025

North America

Anthropic to Seek Gulf state Investments

Anthropic will seek Gulf state investments, according to a leaked memo from CEO Dario Amodei.The leaked Slack message sent by Amodei to company staff on July 20 stated: “There is a truly giant amount of capital in the Middle East, easily $100B or more. If we want to stay on the frontier, we ga...

July 23, 2025

United States

Equinix to Pay $41.5m to Settle Malpractice Lawsuit

Equinix has agreed to pay $41.5 million as a settlement with the plaintiffs in a class action that alleged it misled its shareholders. According to Hindenburg’s March 2024 report, Equinix overstated its adjusted funds from operations (AFFO), a key profitability metric for REITs.It claimed that...

July 22, 2025

Equinix

Vertiv Acquires Great Lakes for $200 Million

Vertiv has acquired the Great Lakes Data Racks & Cabinets family of companies, a maker of server racks for $200 million. Vertiv said the acquisition is expected to enhance its capacity to deliver pre-engineered, AI-ready rack solutions optimized for the enterprise, Edge, colocation, and hy...

July 22, 2025

United States

vCompute to Raise $350m for Operations Expansion

Virtual Compute Corporation (vCompute) has said it is looking to raise $350 million in growth capital to expand its data center operations. The planned expansion will increase hosting capacity and support demand for advanced AI and HPC infrastructure solutions."We're seeing exponential demand ...

July 21, 2025

United States

Princeton Digital Group Receives $1.3bn from Stonepeak

Asia Pacific-focused data center operator Princeton Digital Group has raised $1.3 billion from Stonepeak following its $1.2 billion debt financing deal back in May.“This milestone investment from Stonepeak is a strong endorsement of PDG’s strategy, execution, and sustained value creation,” sai...

July 19, 2025

Princeton Digital Group

Microsoft and CISPE Agree to New Commercial Terms

Microsoft and Cloud Infrastructure Service Providers in Europe (CISPE) have made a commercial agreement that the two say will help "reform licensing terms" for Microsoft software on CISPE member cloud infrastructure. This comes after it was decided that the previously required solution being d...

July 19, 2025

Microsoft Azure

TierPoint Secures $250 Million Financing

US colo company TierPoint this week said its parent company had closed a $250 million term loan, a portion of which is a delayed draw term loan which complements TierPoint’s asset-backed securitization (ABS) and variable funding notes (VFN) program.“Our ability to continue successfully access...

July 17, 2025

United States

W Denis Group Launches Division Focused on Insuring Data Centers

Insurance broker W Denis Group this week launched a new specialist division focused exclusively on insuring data centers and their integrated power generation infrastructure. The broker said the new unit will deliver “comprehensive, competitively priced solutions backed by multi-billion capaci...

July 17, 2025

United States

Data center Firms Plan $90bn Investment in Pennsylvania

Data center and energy firms have pledged to invest $90 billion in the US state of Pennsylvania to help build out its digital infrastructure following a summit attended by President Donald Trump. The first Pennsylvania Energy and Innovation Summit was held on Tuesday, with Trump and state sena...

July 16, 2025

Pennsylvania

Google Wins $200m Contract with US DoD

Google has won a contract valued up to $200 million with the US Department of Defense's (DoD) Chief Digital and Intelligence Office (CDAO) to provide infrastructure for AI. Under the contract with Google Public Sector, the DoD can access Google's cloud infrastructure, including its tensor proc...

July 16, 2025

Google

Oracle to Invest $3bn in Cloud and AI Infrastructure

Oracle plans to invest a combined $3 billion in AI and cloud infrastructure in Germany and the Netherlands over the next five years. $2bn has been earmarked for Germany, while $1bn will go to the Netherlands.Germany's Federal Minister for Digital Affairs, Karsten Wildberger, said: "Oracle's st...

July 15, 2025

Oracle

CoreWeave Plans $6bn Facility in Lancaster, Pennsylvania

AI cloud firm CoreWeave has revealed plans to invest up to $6 billion in developing a data center in Lancaster, Pennsylvania which will have an initial 100MW of IT capacity, though it will have the potential to scale up to 300MW, and will be "purpose-built" for AI use cases. Around 600 skilled...

July 14, 2025

Pennsylvania

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