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Data Centre Developer Sues New Jersey Town for $300m
August 01, 2026
Posted by: Abdul-Rahman Oladimeji
New Jersey
APAC data center firm AirTrunk this week announced a new S$2.25 billion (US$1.75bn) green loan in Singapore to support the development of a new hyperscale data center, AirTrunk SGP2. AirTrunk said the transaction was Singapore’s largest-ever loan and green loan for a data center.Crédit Agricol...
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United States
GPU-as-a-Service (GPUaaS) provider Massed Compute has received $300 million in investment from Digital Alpha which will be used to expand Massed Compute's AI cloud infrastructure footprint, including the purchase of Nvidia GPUs.“Massed Compute is purpose-built to meet the demands of modern AI-...
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NEXTDC
Australian data center firm NextDC this week announced that, following the successful completion of general syndication, it has secured new senior debt facilities totaling AU$3.5 billion (US$2.28bn).NextDC CEO and MD, Craig Scroggie, said: "In light of recent record contract wins that are acce...
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Canada
Canadian telecoms firm Rogers this week announced it has entered into a definitive agreement to acquire Rogers Communications’ data center business, on behalf of InfraRed’s value-add strategy. Rogers said it will continue to sell data center services on behalf of InfraRed and will provide netw...
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Abu Dhabi
Zero Two has invested in Evolution, taking a co-controlling position alongside Warburg Pincus. Terms of the deal were not shared, though reports from Mingtiandi puts the figure at $325 million.Darren Webb, CEO and co-founder of Evolution Data Centres, said: “We are absolutely delighted to welc...
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United States
Germany’s Aareal Bank is moving into providing financing to data center customers and has entered into its first financing transaction in the data center asset class in July 2025 with Goodman Group."Frankfurt is Europe's largest Internet node, with a data transfer rate of more than 18 terabits...
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DC BLOX
US data center firm DC Blox this week announced it has closed $1.15 billion in green loan financing for the construction of a data center campus in Douglas County, Georgia. The funds will support the development of a 120MW data center and include campus expansion to support an additional 80MW,...
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Microsoft Azure
Malaysian financial group Maybank has selected Microsoft Azure as one of its main cloud platforms in a five-year agreement. Valued at RM1 billion ($236.4m), the contract will see Maybank using Microsoft Azure for some of its "most strategic systems, functions, and data workloads."Dato’ Sri Kha...
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New Zealand
Kiwi telco Spark New Zealand this week announced it has entered into an agreement to sell a 75 percent interest in its data center business to Pacific Equity Partners (PEP). The transaction values the business at up to NZ$705 million (US$417.6m), with Spark receiving NZ$486m (US$288m) upon com...
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Amazon AWS
The US General Services Administration (GSA) has signed another discount deal with a cloud provider, Amazon which will see Amazon Web Services (AWS) providing the GSA with up to $1 billion in savings for cloud adoption, modernization, and training across US federal agencies through to the end ...
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Core Scientific
Core Scientific's largest shareholder, Two Seas Capital LP, has announced its opposition to the $9bn acquisition proposed by CoreWeave. The alternative investment manager shared its dissatisfaction with the terms proposed on July 7, which would see AI cloud firm CoreWeave acquiring developer C...
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Stream Data Centers
US data center firm Stream will be acquired by Apollo Global Management following announcement that Apollo-managed funds have agreed to acquire a majority interest in Stream Data Centers (SDC) from Stream Realty Partners, a commercial real estate firm.Apollo said it is set to potentially deplo...
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Thailand / Prathet Thai
China's Galaxy Data Center (GDC) has announced that it will invest $2bn in data centers in Thailand after the “Prime Minister meets investors: Confidence in Thailand’s future” investor forum held in Thailand at the Government House’s Peace and Friendship Building.Feng Hui, the founder of GDC, ...
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United States
Artificial intelligence infrastructure provider and video, image, and audio provider Fal has raised $125 million and has closed its Series C round, which saw the company valued at $1.5 billion.Posting to LinkedIn, Fal wrote: “Fal’s Generative Media Cloud now powers tens of thousands of applica...
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Spain
Spanish startup YPlasma has secured $2.5 million in seed funding to further develop its fanless plasma-based cooling technology in a round led by deep tech venture capital firm Faber, with participation from global VC firm SOSV. The funding will support the expansion of YPlasma’s research and ...
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Arizona
Land developer Vermaland is planning a $33bn data center in Arizona dubbed the La Osa Project. The potential facility would be located in Pinal County on a 3,300-acre site south of Eloy, which is a city in between Phoenix and Tucson. The land parcel is located along the Greene Canal.Once devel...
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Amazon AWS
Amazon Web Services (AWS) has achieved an annualized revenue run rate of more than $123 billion, CEO Andy Jassy revealed in the company's Q2 2025 earnings call.The cloud unit saw a revenue of $30.9bn for the quarter, up 17.5 percent year over year (YoY) and more than the previous quarter's $29...
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DATA4 Group
European data center firm Data4 this week announced Arjun Infrastructure Partners has acquired a stake in a stabilised data center portfolio (aka StableCo) operated by Data4 and featuring facilities in France, Spain, and Italy.Arjun secured a 30 percent stake in the StableCo portfolio, which c...
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Canada
eStruxture Data Centers this week announced CA$1.35bn (US$967.9m) in financing to fund the development of AI-ready data centers across Canada. The financing includes the first rated, Canadian asset-only data center securitization, raising a total of C$750m (US$542.8m) from its inaugural issuan...
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Princeton Digital Group
APAC data center firm Princeton Digital Group (PDG) this week announced it has secured $160 million in green loans for its MU1 data center campus in Navi Mumbai, India. The financing, provided by local financial firms Axis Bank, Kotak Mahindra Bank, and Canara Bank, will be used to fund the co...
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