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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

Quantum Machines Raises $170m in Funding Round

Processor-based quantum controller startup Quantum Machines has raised $170 million in an oversubscribed Series C funding round which was led by PSG Equity with participation from Intel Capital, Red Dot Capital Partners, and existing investors.“Turning a quantum processor into a functional qua...

February 27, 2025

AREP Closes $309 Million Data Center Investment Fund

American Real Estate Partners (AREP), an institutional real estate fund manager and operating company, this week announced the closing of its fourth real estate GP fund, AREP Strategic Opportunity Fund IV with $309 million in equity commitments.“This $309 million raise signals both tremendous ...

February 21, 2025

EU Allocates €20bn to Developing Four “AI gigafactories”

The European Commission is to spend billions of Euros on developing new AI supercomputing clusters. Commission President Ursula von der Leyen announced the launch of InvestAI, an initiative to mobilize €200 billion ($209bn) for investment in AI, including a new European fund of €20bn ($20.9bn)...

February 14, 2025

Johnson Controls Appoints Joakim Weidemanis as CEO

Industrial machine manufacturer Johnson Controls has appointed Joakim Weidemanis as CEO, effective March 12, 2025. During his stint at Danaher, Weidemanis grew the company’s diagnostics business through acquisitions and organic growth, taking leadership of an approximately $15 billion group ac...

February 11, 2025

Singtel Secures $475.9 Million Green Loan

Singtel’s regional data center arm, Nxera, this week announced a S$643 million five-year green loan to finance the development of the 58MW DC Tuas data center in Singapore. The funds will go toward funding the development and capital expenditure of DC Tuas, which is due to go live in 2026.As p...

February 08, 2025

Borealis Raises $148m in Debt Funding

Nordic firm Borealis Data Center (BDC) this week announced $148 million in funding from infrastructure investment firm Infranity and Iceland’s Arion Bank. The funds will support Borealis’ expansion plans in the Nordics, though further details weren't shared.“Our strategy for growth is rooted i...

February 08, 2025

EnCharge AI Closes $100m Funding Round

AI chip startup EnCharge AI has closed an oversubscribed $100 million Series B funding round led by Tiger Global and saw participation from Samsung Ventures and HH-CTBC. It brings the total amount raised by EnCharge AI to more than $144m. The company said it would use the funds to bring its fi...

February 07, 2025

DataBank Raises $250 Million from TJC

DataBank, a data center colocation, interconnection, and managed services company, has raised $250 million from TJC (formerly The Jordan Company). This incestment fund came from excess interest in the company's $2 billion round last October. The operator has raised nearly $5bn in debt and equi...

February 04, 2025

Euroclear Signs Seven Year Cloud Deal with Microsoft

Belgium financial services company Euroclear has signed a seven-year cloud deal with Microsoft. Euroclear will develop a financial data-sharing platform, bring AI into its Euroclear FundsPlace to improve customer experience, as well as work to strengthen Euroclear's infrastructure backbone.Va...

February 01, 2025

Salute Acquires Data Center Services Provider Keysource

Salute this week announced the signing of a definitive agreement to acquire Keysource Group, with the deal is set to close in Q2 2025, subject to regulatory approval. The deal will see Keysource’s team of 130 join Salute. Jon Healy, EMEA president and group COO at Keysource, said: "Salute and ...

January 30, 2025

Novacap closes first digital infrastructure fund

North American investment firm Novacap this week announced the final closing of Novacap Digital Infrastructure Fund I, the firm's first fund dedicated entirely to investing in digital infrastructure. The firm has also named its recently announced data center joint venture with H5, HyScale Data...

January 24, 2025

New York

AWS to invest in cloud infrastructure in Maharashta, India

Amazon Web Services (AWS) has committed to invest $8.3 billion in developing cloud infrastructure for its AWS Asia-Pacific (Mumbai) Region in Maharashtra, India. The company signed a Memorandum of Understanding (MoU) on January 22, 2025, during the World Economic Forum 2025 to formalize the pl...

January 24, 2025

Amazon AWS

Clayco launches dedicated data center division

US construction contractor Clayco last week announced the launch of Clayco Compute, an integrated data center delivery business unit focused on specialized construction of advanced technology centers to cater to data center and quantum computing construction projects. The unit will encompass l...

January 23, 2025

Equinix

Rowan secures $975 million for Maryland data center campus

Data center developer Rowan Digital Infrastructure has closed $975 million of construction financing to build out its upcoming campus in Maryland. The funds will be used to build the first phase of a hyperscale data center campus in Maryland at the TPG-owned site in Frederick County. Phase one...

January 21, 2025

Rowan Digital Infrastructure

Macquarie invests in Applied Digital's AI data center business

Investment firm Macquarie Asset Management (MAM) is set to invest $5 billion into Applied, a cryptomining firm pivoting to AI and HPC data centers. Under the deal, MAM will invest up to $900 million in Applied's Ellendale campus in development in North Dakota, and has the right of first refusa...

January 20, 2025

Applied Digital

Australian gov't to provide additional $3bn to complete fiber build-out

The Australian government has pledged this week to provide an additional AU $3 billion (US$1.86bn) to support NBN Co's fiber network upgrades. NBN Co noted that the investment is in addition to more than AU$800 million (US$494m) of its own investment.NBN, which is a state-owned corporation of ...

January 18, 2025

Australia

SUR Holdings acquires debt-ridden WOM

SUR Holdings has acquired Colombian telco WOM, providing a lifeline for Colombia's fourth-largest mobile network operator, which filed for bankruptcy in April of last year, weeks after its Chilean counterpart. The country's ICT minister Mauricio Lizcano said the investment from SUR Holdings, w...

January 17, 2025

Colombia

Constellation Energy to acquire Calpine Corporation

US energy giant Constellation Energy has agreed to acquire Calpine Corporation, an independent power producer, for $26.6 billion, including debt considerations in a transaction that includes 50 million shares of Constellation stock, $4.5 billion in cash, and the assumption of about $12.7 billi...

January 13, 2025

United States

Will 2025 be the Year of the Data Center? Here are Three Promising Facts from the Virginia Market

Last summer, Sequoia partner David Cahn declared that 2025 would be the “Year of the Data Center,” as project developers and investors lined up to expand data center capacity in support of the AI industry’s massive build-out. To validate this thesis, we looked at Baxtel’s proprietary data in o...

December 19, 2024

Nscale raises $155m in funding round to finance expansion

European AI cloud firm Nscale has raised $155 million in a new funding round led by Sandton Capital Partners with participation from Kestrel, Bluesky Asset Management, and Florence Capital and will fuel its growth plans across Europe and North America. Nscale said it is launching a public clou...

December 10, 2024

Europe

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