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Data Centre Developer Sues New Jersey Town for $300m
August 01, 2026
Posted by: Abdul-Rahman Oladimeji
New Jersey
DC BLOX
US data center operator DC Blox has secured $240 million in holdco financing from BlackRock subsidiary Global Infrastructure Partners. Holdco financing is a financial instrument that allows an investing parent company like GIP to raise debt on behalf of a subsidiary like DC Blox. “We are excit...
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AVAIO Digital Partners
Avaio Digital Partners this week announced plans for a new data center hub near Little Rock in Pulaski County, Arkansas. Known as Avaio Digital Leo, Avaio is currently contracted with Entergy Arkansas for 150MW of power, but the company anticipates power demand of up to 1GW as the 760-acre cam...
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New Jersey
The New Jersey Senate has advanced a bill that would create new tariff classes for “large load” data centers in an effort to protect ratepayers in the state from cost increases.The bill, cosponsored by ten Democrat lawmakers, would require public electrical utilities in the state to submit pro...
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Polarise
Investment bank Macquire Group and data center infrastructure startup Polarise have formed a "strategic financing partnership" to support the fit-out of the latter's data centers. The partnership is worth up to €117 million ($136.65m).Michel Boutouil, CEO of Polarise, said: “This financing is ...
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OVH Group
OVHcloud has published its earnings for the first quarter of 2026, with public cloud doing much of the heavy lifting. Revenue for the first quarter totaled €275.3 million ($320bn), up six percent Year-on-Year (YoY). This is further broken down into private cloud (€167.2m/$194.41m- up four perc...
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Texas
SoftBank subsidiary SB Energy has partnered with OpenAI to build and operate the previously announced 1.2 GW Stargate data center in Milam County, Texas. SB Energy will provide the project's powered infrastructure, while SoftBank and OpenAI invest $1 billion in the company to support its growt...
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Mississippi
Elon Musk’s AI company xAI has confirmed it is set to build a third data center in Mississippi, and will invest more than $20 billion in the state. The data center in Southhaven, DeSoto County, which will be known as MACROHARDRR – an apparent dig at Microsoft – will supply compute power for th...
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North America
Exus Renewables North America has closed a $400 million senior secured corporate credit facility to fund the expansion of its utility-scale wind, solar, and battery storage portfolio. The company noted that the expansion would support it in meeting huge demand emanating from the data center ma...
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Microsoft Azure
Microsoft is planning to invest $400 million in a data center project in Castroville, Texas. Dubbed SAT 82, the data center will be located at 2580 Farm to Market Road, 471 N in Castroville, a town to the west of San Antonio. The data center will span 195,670 sq ft (18,178 sqm) across one sto...
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United States
Elon Musk’s xAI has raised $20 billion to help fund its data center build-out. Financial backers include Valor Equity Partners, Stepstone Group, Fidelity Management & Research Company, Qatar Investment Authority, MGX, and Baron Capital Group.“This financing will accelerate our world-leadin...
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Bucharest
The government of Chad is investing €175.1 million ($204.7m) in developing a National Data Center and in expanding its fiber optic networks. The investment represents Phase I of the State Connectivity Infrastructure Modernization Project (PMICE), seeking to improve digital infrastructure in th...
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Singapore
Johnson Controls has announced plans to invest up to S$60 million (US$44m) to expand its Innovation Center in Singapore. According to the company, the expansion will target the growing demand for more energy-efficient data center infrastructure across the Asia-Pacific region.Johnson Controls h...
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DayOne
APAC data center firm DayOne this week announced it has entered into definitive agreements for more than $2 billion in Series C equity financing. DayOne said the financing will accelerate the next phase of its global expansion. In Europe, the proceeds will go towards the development of DayOne’...
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India / Bhārata
New Year’s Eve saw CapitaLand Investment Limited (CLI) announce it has successfully raised approximately S$150 million (US$115m) equity in the first close of its CapitaLand India Data Centre Fund (CIDCF), which is focused on data center development opportunities within India’s “key data center...
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NTT Data
Pan-African data center firm Open Access Data Centres (OADC) is acquiring a portfolio of NTT data centers in South Africa. According to CCSA, the deal is set to see OADC affiliates, OADC Propco and OADC Opco, acquire seven data centers currently owned and operated by NTT Data SA.The facilities...
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DATA4 Group
Data4 is leading a €5 billion ($5.86 billion) project to develop a data center campus at a former steelworks in northern France. The company has been selected to deliver the campus at the Soufflantes industrial park in Escaudain, near Denain, which is just outside the city of Valenciennes.A co...
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Oracle
Blue Owl Capital is not planning to provide financial backing to Oracle's planned data center in Saline Township, Michigan. The data center project, valued at $10 billion, is being developed by Oracle, Related Digital, and OpenAI as part of the latter's Stargate project.The campus is expected ...
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DigitalBridge
SoftBank Group plans to acquire digital infrastructure investor DigitalBridge for $4 billion.DigitalBridge had around $108 billion of assets under management at the end of September, including AIMS, AtlasEdge, DataBank, Switch, Takanock, Vantage Data Centers, and Yondr Group. As of August, the...
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Sweden
Swedish small modular reactor (SMR) start-up Blykalla has closed a $50 million (€42m) financing round to accelerate development of its lead-cooled SMR, with a focus on meeting growing demand from the data center sector.Blykalla said that it will use the capital to scale testing and validation ...
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Texas
New Era Energy & Digital has signed a binding agreement to acquire Sharon AI’s 50 percent stake in Texas Critical Data Centers (TCDC), a joint venture between the two companies, which is developing an AI data center in Ector County, Texas.New Era Energy & Digital will pay SharonAI an a...
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