Data Center News

CoreWeave Plans $6bn Facility in Lancaster, Pennsylvania

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...

Aon Launches $1.5 Billion Data Center Insurance Product

United States

Insurance firm Aon this week announced the launch of its Data Center Lifecycle Insurance Program (DCLP), a proprietary multi-line insurance facility designed to help clients manage risk across every stage of data center development and operations.“Today’s data centers are the backbone of the g...

AST SpaceMobile Secures $100m Funding for Manufacturing

AST SpaceMobile has secured a $100 million equipment financing facility to support the satellite operator's manufacturing and network deployment goals during 2025 and 2026. The satellite provider revealed that the non-dilutive financing facility has been led by alternative asset manager Trinit...

Legrand Acquires More Companies in Data Center Push

Legrand this week announced the acquisition of Amperio Project and Quitérios to further its data center capabilities. Amperio Project is a Swiss specialist in busbars. Based in Murten, the company employs around 20 people and has annual sales of more than €4 million ($4.7m). Quitérios is a Por...

SiPearl Closes €130m Series A Financing Round

French chip designer SiPearl has closed a €130 million ($152m) Series A financing round, having raised €32m ($38m) in a third and final tranche which saw participation from existing investors, European Innovation Council (EIC) Fund and the French State, via French Tech Souveraineté, and new in...

DigitalBridge and La Caisse Acquire Yondr

DigitalBridge

Investment manager DigitalBridge and Canadian pension fund La Caisse have completed their acquisition of Yondr, and appointed a new CEO for the hyperscale data center company. They now have joint control of Yondr, having purchased the firm from previous owner Cathexis Holdings for an undisclos...

EIF Invests €30m in Quantum-focused Venture Fund

Europe

The European Investment Fund (EIF) has invested €30 million ($35m) in Quantonation II, a French early-stage venture capital fund targeting quantum and ‘deep physics’ startups. This forms part of the wider InvestEU strategy that aims to close the equity gap faced by early-stage “innovative comp...

Slam Corp Sues Lynk Global for Attempt to cancel merger

United States

Slam Corp, a special purpose acquisition company (SPAC) founded by former baseball star Alex “A-Rod” Rodriguez, is suing satellite mobile provider Lynk Global in a Florida court to prevent it from backing out of a proposed merger.Virginia-based Lynk moved to terminate its business combination ...

HPE Closes $14bn Acquisition of Juniper Networks

United States

Hewlett Packard Enterprise (HPE) has completed its long-awaited $14 billion acquisition of Juniper Networks. The Department of Justice (DOJ) approved the deal following HPE's agreement to a number of potentially significant conditions.“Today begins a new era for HPE – we are now at the epicent...

University of Texas to Get $3m Data Center

Texas

The University of Texas is looking to deploy a new data center to be housed in the education building at 500 W University Avenue in El Paso, Texas. The data center will span 4,568 sq ft (424.4 sqm) and is estimated to cost around $3 million.According to the posting, the project will be private...

Microsoft to Buy 1.1m Tons of Carbon Removal Credits in Norway

Microsoft Azure

Microsoft has agreed to purchase 1.1 million tons of carbon removal credits from Hafslund Celsio, an energy from waste (EfW) and carbon capture and storage (CCS) firm which is set to be delivered over a ten-year period, will be generated by a CCS project under development at the site of Norway...

Lockton Launches New Data Center Insurance Product

United States

Insurance brokerage Lockton has partnered with Parametrix, a provider of digital business interruption risk solutions, to bring a Service Level Agreement (SLA) insurance offering to the data center market. The companies said the parametric coverage offers immediate payouts triggered by predefi...

DigitalBridge and ArcLight Invest $500m in Takanock

DigitalBridge

DigitalBridge and energy investor ArcLight Capital have invested capital commitments totaling $500 million in a new dispatchable power firm targeting data centers- Takanock, which describes itself as a provider of digital and power infrastructure solutions. The company aims to address the powe...

Google buys land for data center in Botetourt County, Virginia

Google

Google has spent $14 million to buy a plot of land for a data center development in Botetourt County, Virginia. The deal for the 312-acre site at the Botetourt Center industrial park, Greenfield, was announced on Tuesday.“We are always looking for communities that have the innovative and colla...

Vultr Secures $329m in Credit Financing

United States

Cloud infrastructure provider Vultr has secured $329 million in credit financing to help further expand its AI infrastructure and cloud computing platform. The financing is made up of a $255 million syndicated credit facility, including a $35 million uncommitted accordion, and $74 million of r...

Utilidata Raises $60.3m for Energy Infrastructure AI Platform

United States

Utilidata has raised $60.3 million in Series C funding to scale its energy infrastructure AI platform, Karman, developed in partnership with Nvidia. The platform provides real-time visibility, identifies and manages distributed energy resources, enhances resiliency, and offsets the need for fu...

Stoneweg Announces Data Center Investment Fund for Europe

Europe

Swiss real estate investment advisor Stoneweg is entering the data center market, launching its own data center fund and platform via its Stoneweg Europe Stapled Trust (SERT) unit. The company this week announced Stoneweg European Business Trust has made a €50 million ($58m) investment in the ...

Marsh Launches €1bn Data Center Insurance and Risk Management Services

United Kingdom

Insurance broker and risk advisor Marsh this week announced the launch of Nimbus, a new insurance facility providing clients cover for the construction of large-scale data centers across the UK and Europe.Nimbus provides up to €1 billion ($1.15bn) in construction all-risks coverage and up to €...

Haoyang Data Purchases Land for New Thailand Facility

Thailand / Prathet Thai

Chinese data center operator Beijing Haoyang Cloud & Data Technology Co recently acquired land from WHA Industrial Development (WHAID), one of Thailand’s leading industrial estate developers for a data center to be developed by Haoyang’s local subsidiary, Haoyang Data Center 1.“As global d...

Amazon to Invest $13bn in Data Centers in Australia

Amazon AWS

Amazon is planning to invest AU$20 billion (US$13bn) by 2029 in expanding data center infrastructure in Australia. The investment will see Amazon developing additional data centers and expanding its existing facilities in Sydney and Melbourne.Matt Garman, CEO of AWS, said of the company's inve...