Data Center News

Nscale raises $155m in funding round to finance expansion

Europe

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...

HPE walks away from $700m AI hardware deal

United States

HPE revealed it walked away from a $700 million AI hardware deal over concerns about the customer. CEO Anthonio Neri told analysts on the enterprise IT vendor’s most recent earnings call that the company chose to “de-book” the order for an unnamed client because it considered it too risky.“We ...

InfraVia to acquire 50 percent stake in Iliad’s OpCore data center unit

Investment firm InfraVia and French telco Iliad’s data center unit this week announced the two companies have entered into exclusive discussions to form a partnership aimed at “developing OpCore into a major European hyperscale data center platform. As part of the deal, InfraVia, through its i...

Legrand acquires Power Bus Way

Canada

Legrand has acquired Power Bus Way, a specialist in Cable Bus power busbars, primarily for data centers. The company employs more than 120 people and generates an annual revenue of around €70 million ($73.5m), mainly in the United States and Canada.Benoît Coquart, CEO of Legrand, said: "Today ...

IHS Towers to sell stake in Kuwait tower unit

Asia-Pacific (APAC)

IHS Towers has announced a deal to sell its 70 percent stake in IHS Kuwait Limited to Zain Group, with the telco taking back ownership of towers it previously sold. According to IHS, the terms of the transaction reflect an enterprise value of $230 million for the IHS Kuwait portfolio and inclu...

Spectro Cloud secures $75m in Series C funding

Spectro Cloud has secured $75 million in a Series C funding round. The management company announced earlier this month that it had closed the funding round led by Growth Equity at Goldman Sachs Alternatives, along with participation from existing investors. The funding will be used to aid prod...

DirecTV terminates offer to acquire EchoStar

United States

DirecTV has terminated its offer to acquire EchoStar's satellite television business stating its failure to gain approval from Dish bondholders as a reason for termination. The proposed $1 sale to DirecTV would have included the sale of Dish's DBS pay-TV business as well as Dish and Sling TV, ...

Amazon to invest another $4bn in Anthropic

Amazon AWS

Amazon plans to invest $4 billion in Anthropic, following a previous $4bn investment in the generative artificial intelligence startup. The companies said that the startups "will use AWS Trainium and Inferentia chips to train and deploy its future foundation models," however Anthropic will lik...

Colt signs $1.7bn joint venture in India

Colt Data Centre Services

Colt Data Centre Services and family-owned alternative asset owner RMZ this week announced a 50:50 joint venture to invest $1.7 billion in the Indian data center market. The companies this week said the investment will initially focus on expediting development at Colt’s existing sites in Navi ...

CoreWeave secures another $650m investment

GPU cloud provider CoreWeave has closed a minority investment of $650 million. The latest investment round was led by investors Jane Street, Magnetar, Fidelity Management & Research Company, and entities administered by Macquarie Capital."The support from some of the leading financial inst...

Charter Communications to acquire Liberty Broadband

Charter Communications has announced a deal to acquire Liberty Broadband as part of an all-stock transaction. As part of the deal announced today, Liberty has agreed to divest GCI, which is Alaska's largest communications provider."We are pleased to announce this agreement today with Liberty B...

Brazil's Scala has obtained $500 million in funding.

Brazilian firm Scala Data Centers has secured new financing to fund its data center roll-out. The DigitalBridge-owned company this week announced the successful completion of $500 million in structured financing. The investment includes $250 million from Coatue Tactical Solutions and $250m fro...

PDG announces $1bn expansion plan in Mumbai and Chennai

Princeton Digital Group

Princeton Digital Group (PDG) has announced plans to expand its data center capacity in Mumbai and Chennai, India through a $1 billion into the country which will bring its India portfolio to 230MW of capacity. DG plans to add three new facilities, bringing the total campus capacity to 150MW a...

Snowhawk invests in CleanArc Data Centers

United States

Private equity firm Snowhawk LP has invested in data center developer CleanArc Data Centers as the company expands its team and develops its first data center campus in Virginia. Led by Vantage Data Centers founder Jim Trout, the company aims to develop hyperscale data center campuses deliveri...

Telesat completes CA$2.54 billion in funding agreements

Canada

Canadian satellite firm Telesat has announced the completion of funding agreements with the Government of Canada and the Government of Quebec for the Low Earth Orbit (LEO) broadband constellation. The satellite firm now has all financing sources in place to fund the Lightspeed network, includi...

Bitfarms to acquire Stronghold Mining for $125 million

Canada

Cryptomining firm Bitfarms has entered into a definitive partnership with Stronghold Digital Mining under which Bitfarms will acquire Stronghold in a stock-for-stock merger transaction. The deal is valued at approximately $125 million equity value plus the assumption of debt valued at approxim...

Natron Energy to invest $1.4 billion on a giant factory in Edgecombe County, North Carolina

North Carolina

Sodium-ion battery manufacturer Natron Energy plans to spend $1.4 billion on a 1.2 million square foot (111,500 sqm) facility, at the Kingsboro CSX Select Megasite which is expected to produce 24GW of batteries annually at full capacity and lead to 1,000 jobs.  “Today is a momentous day for Na...

Quinbrook’s Rowan secures investment from Canadian pension fund

Canada

Rowan owner Quinbrook Infrastructure Partners this week announced that  Rowan Digital Infrastructure has secured a co-investment from University Pension Plan Ontario (UPP). The companies said UPP’s investment in Rowan will allow Quinbrook to “further advance its efforts” to provide solutions t...

PDG acquires new data center in Singapore

Singapore

Princeton Digital Group this week announced the acquisition of Yahoo’s Singapore data center, SG3 which offers 5MW across 5,400 sqm (58,125 sq ft).  Terms of the deal were not disclosed, but Yahoo will continue to host its infrastructure at the facility.  Rangu Salgame, chairman, CEO and co-fo...

RadiusDC acquires data center in Miami

Miami

RadiusDC this week announced the acquisition of Miami I in the Sweetwater area of the city from NextStream, a data center operator in Latin America owned by Actis.  RadiusDC said it plans to immediately expand the site's capacity from 3.2MW to 9.2MW.  "We believe Miami I is an ideal asset to e...