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Data Centre Developer Sues New Jersey Town for $300m
August 01, 2026
Posted by: Abdul-Rahman Oladimeji
New Jersey
Cipher Digital
Cryptominer-turned-HPC developer Cipher Digital is planning to raise $810 million through senior secured notes due in 2031. Most of the proceeds will fund the remaining costs of its 100MW Stingray data center project in West Texas, with about $63.6 million earmarked to reimburse prior equity cont...
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Google has entered into an agreement with SpaceX to secure large-scale computing capacity. According to a regulatory filing submitted by SpaceX on June 5, Google will lease roughly 110,000 GPUs, CPUs, memory modules, and related infrastructure for approximately $920 million per month. The contrac...
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Brookfield Asset Management
France has secured billions of dollars in new investments across data centers, cloud services, and artificial intelligence. At this week’s Choose France Summit, President Emmanuel Macron unveiled a series of investment commitments tied to data center development and broader digital infrastruct...
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Malaysia
Digital Decarbonization Solutions Platform (DDSP), an Asia-Pacific developer of data centers and decarbonized energy solutions, has secured $283 million in green financing for a planned build-to-suit data center campus in Johor, Malaysia. The proposed facility will be a 45MW liquid-cooled camp...
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Rowan Digital Infrastructure
Rowan Digital Infrastructure has secured nearly $3 billion in debt financing to support construction of its turnkey data center campus in Temple. The company said the deal marks the largest financing in its history and will fund development of the 300MW campus. The financing was arranged under...
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Digital Edge DC
APAC data center firm Digital Edge has secured new debt financing. The company last week announced the successful closing of its inaugural $575 million holding company (HoldCo) financing. Proceeds from the facility will support the continued expansion of the company’s campus footprints across ...
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EdgeConneX
The government of Italy has described EdgeConneX’s €3 billion investment as being of “national strategic interest.” The EdgeConneX Campus Italia program, announced on May 14 during a council of ministers chaired by Prime Minister Giorgia Meloni, will develop three data center campuses in the L...
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NVIDIA
Nvidia reported record Q1 2027 revenue of $81.6 billion, up 85 percent year-over-year and 20 percent from the previous quarter. Data center revenue reached $75.2 billion for the quarter ending April 26, marking annual and quarterly growth of 92 percent and 21 percent, respectively. Alongside i...
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United States
Donald Trump has bought millions of dollars’ worth of shares in data center-related firms this year, according to newly released financial disclosures. The 113-page filing shows he made hundreds of investments in publicly traded companies in 2026, including data center power and cooling firms ...
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Brazil / Brasil
Omnia, a Brazilian data center platform, has signed a 20-year power supply agreement with renewable energy firm Casa dos Ventos to support a data center planned for ByteDance. According to Reuters, the $2 billion deal will power the facility located at the Pecém port complex in Ceará, in north...
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Ohio
Cleveland, Ohio, has turned down Lakeland Equity Group’s $1.6 billion plan to develop a data center campus. Mayor Justin M. Bibb announced on May 14 that the city had denied the permit for the proposed facility, which was planned for a 35-acre site at 3560 E 55th St. Lakeland described the pro...
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United States
H2CHP, a Durham University spinout developing clean electric generators for data centers and other energy-intensive sites, has raised £1.5 million ($2 million) in its latest funding round, according to Recharge News. The company’s main product is a free-piston linear generator, which it descri...
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Europe
ABB has unveiled a $200 million investment plan to expand its medium-voltage manufacturing capacity across Europe over the next three years, aiming to strengthen power infrastructure supply for utilities, industrial operators, and data centers.“This $200 million investment will strengthen ABB’...
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Ohio
Private credit firm Lakeland Equity Group has filed plans for a $1.6 billion data center project in Cleveland, Ohio. The proposal outlines a 150MW campus on a 35-acre site at 3560 E 55th St, currently owned by trucking company Morabito Enterprises. The development could include three two-story...
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DMG Blockchain Solutions
BlockchAIn Digital Infrastructure has outlined plans for a US data center development pipeline totaling around 715MW. The New York-listed company detailed the strategy in an April 2026 investor presentation, highlighting current and proposed sites across South Carolina, Minnesota, and Texas, a...
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Naver Corp.
South Korean AI cloud company Naver has secured a 400 billion won ($270 million) loan from the country’s Public Growth Fund to support the development of its AI data center in Sejong. Approved by the Financial Services Commission (FSC), the financing will fund the expansion of Naver’s Sejong f...
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Dallas
US data center firm DataBank has secured new financing to support the build-out of three data centers in Dallas, Texas. The company this week announced it has obtained a $2 billion loan to fund construction of the first three facilities at its new Red Oak campus. DataBank said the deal represe...
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United States
Insurance firm Aon has expanded the level of coverage it can provide for data center projects. The company first launched its Data Center Lifecycle Insurance Program (DCLP) last year. The multi-line facility spans construction, cargo, cyber, and operational risk under a single program, and is ...
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EdgeCore Internet Real Estate, LLC
US data center firm EdgeCore has secured new financing to support its build-out in Virginia. The company this week announced the completion of two financial transactions totaling $1.5 billion to fund the construction of two single-tenant hyperscale data centers in Northern Virginia, AS01 and A...
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Amazon AWS
Amazon Web Services (AWS) is planning to invest $429.8 million in a data center near Taloja in Navi Mumbai, India. The cloud provider has applied to the State Environmental Impact Assessment Authority for environmental clearance for the project, which is planned for a 49-acre site.According to...
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