Data Center News

Oracle Announces $5bn investment plan for the UK

Oracle this week announced plans to invest $5 billion over the next five years to expand Oracle Cloud Infrastructure’s (OCI) footprint in the UK and help the UK Government "deliver on its vision for AI innovation and adoption."Siobhan Wilson, senior vice president and country leader for Oracle...

Alfanar Plans $1.4bn Investment in Saudi Arabia

Alfanar Global Development revealed it would be developing four data centers in Saudi Arabia last month during the LEAP 2025 event and has now disclosed that it plans to spend $1.4 billion on developing data centers in the country.The data centers will be "strategically located" across Riyadh ...

Accenture to Buy Construction Consultancy Firm Soben

Accenture is buying construction consultancy Soben which specializes in developing data centers, as well as pharma and energy projects. for an undisclosed sum in order to boost its data center development expertise.“The market for capital projects and especially data centers is growing rapidly...

Cathedra Sells Cryptomine Data Center in North Dakota

Cathedra Bitcoin, a Vancouver-based developer and operator of crypto mining and data center infrastructure, has announced the sale of a 60MW Bitcoin mining facility in North Dakota to an unnamed third-party Bitcoin miner for a fee of $21 million. The company intends to use the funds to “develo...

Celestial AI Raises $250m in Funding Round

Optical interconnect company Celestial AI has closed a $250 million Series C1 funding round which was led by Fidelity Management & Research Company and saw participation from existing investors AMD Ventures and Koch Disruptive Technologies, and new investors BlackRock, Maverick Silicon, an...

PDG Converts $105m Loan to Green Financing

APAC-focused data center firm Princeton Digital Group (PDG) this week converted a $105 million loan into green financing for its 22MW JC2 data center campus in Jakarta, Indonesia. The conversion was arranged in collaboration with Green Loan Coordinators, PT Bank DBS Indonesia, and PT Bank UOB ...

Microsoft to Purchase 1.5 Million Tons of Carbon Removal Credits in India

Microsoft Azure

Microsoft has agreed to purchase 1.5 million tons of carbon removal credits over the next 30 years from a large-scale afforestation project in India. The agreement was signed with Climate Impact Partners, a provider of carbon markets solutions, and Terra Natural Capital, a firm that offers cli...

Eaton Acquires Fibrebond Corporation

Eaton this week announced it has signed an agreement to acquire Fibrebond Corporation, a designer and builder of pre-integrated modular power enclosures for data center, industrial, utility, and communications customers.“Fibrebond is known for its engineering capabilities and customer focus in...

QuamCore Secures $9m Funding

Israeli quantum computing firm QuamCore has secured $9 million in seed funding in a round led by Viola Ventures and Earth & Beyond Ventures. The company emerged from stealth this week and with a patented architecture it claims will enable the integration of one million qubits into a single...

OpenAI Signs AI Cloud Deal with CoreWeave

OpenAI has agreed an $11.9 billion deal to buy services from CoreWeave, which will see it take an equity stake in the AI cloud provider. This deal comes just before CoreWeave’s stock market debut, which is expected to happen in the next few weeks via an IPO. It will see OpenAI receive CoreWeav...

Virgin Media O2 to Invest in UK Mobile Coverage Boost

Virgin Media O2 has announced plans to invest £700 million ($904m) into its mobile network this year in an effort to improve its reliability, speed, and coverage across the UK. The investment will be used to plug gaps in the telco's coverage in the country as the carrier reports that traffic o...

JLL Secures Management Contract with Pure DC

JLL has announced it has secured a landmark facilities management contract with Pure Data Centres for a data center in Abu Dhabi, UAE. The company said its offerings will comprise ongoing maintenance and support for Yas Island’s low-voltage and high-voltage electrical systems, including its UP...

Partners Group Acquires GreenSquareDC

Swiss private equity firm Partners Group is to acquire Australian data center firm GreenSquareDC and will invest up to AU$1.2 billion (US$759m) in GreenSquare to establish the company as a “next generation data center platform.”Nicholas Kuys, managing director, Infrastructure Asia, Partners Gr...

Areim Raises €450m for Sweden’s EcoDataCenter

Nordic investment firm Areim this week announced it has completed an additional capital raise for its Nordic data center fund, Areim DC Fund, bringing the total raised capital to €900 million ($961m).The investment firm said the capital raise was “significantly oversubscribed,” adding both Nor...

Soluna Acquires Land in Texas for Bitcoin Mining Site

Crypto and HPC data center provider Soluna has finalized the purchase of 60 acres of land in Texas for the construction of its new 187MW data center, which will be allocated to Bitcoin mining and intensive AI computing tasks. The site is colocated with a 240MW wind farm, allowing the firm to h...

Novva Secures $2bn Loan for Utah Campus Expansion

US data center firm Novva has secured financing for the next phase of its campus outside Salt Lake City, Utah which will allow Novva to complete the second and third phases of construction of its 100-acre data center campus - adding two buildings and 144MW.“Our Salt Lake City center is the fir...

Onsemi Proposes to Acquire Allegro MicroSystems

US chipmaker Onsemi has proposed an acquisition of Allegro MicroSystems for $35.10 per share in cash. The company has made “numerous attempts over the past six months to enter into constructive discussions regarding a potential transaction,” with its most recent proposal representing an increa...

Principal Closes $3.64bn Data Center Fund

Principal Asset Management, the investment management unit of Principal Financial Group, this week announced it has reached the final investor close for its Principal Data Center Growth & Income Fund. The new fund, dedicated to the development of a portfolio of hyperscale data center proje...

Lumen Orbit Rebrands to Starcloud

Lumen Orbit, the startup aiming to deploy data centers in space, has recently announced a name change, rebranding to Starcloud and has secured a further $10m to fund its plans. The additional funding comes from previous seed investors and several new venture capital firms in the form of a simp...

Skylo Secures $30m in Funding

Direct-to-device satellite firm Skylo has secured $30 million in funding round led by NGP Capital, with participation from Westly Group and existing investors including Intel Capital, BMW i Ventures, Samsung Catalyst Fund, and Next47.Parthsarathi Trivedi, CEO and co-founder of Skylo, said: “Sk...