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Data Centre Developer Sues New Jersey Town for $300m
August 01, 2026
Posted by: Abdul-Rahman Oladimeji
New Jersey
Applied Digital
CoreWeave has agreed to lease an additional 150MW of data center capacity from Applied Digital. This builds on a previous leasing agreement made in June 2025 for 250MW, netting Applied Digital around $7 billion over the 15-year contract term. This has now been increased to $11bn.“These long-te...
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Amsterdam
European fiber firm euNetworks is exiting its Amsterdam data center in the Netherlands as colocation customers have apparently been asked to vacate the data center by next year.The news was revealed by Dirk Pol, of Dutch connectivity firm i4 Solutions, in a post on LinkedIn. “euNetworks will b...
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Microsoft Azure
Glenn K. Lockwood has left Microsoft after spending the last three years at the company, initially as the HPC/AI workload lead in Azure Storage's product group, before working more broadly on the design of Microsoft's largest AI supercomputers."Everything I did at Microsoft touched supercomput...
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Legrand this week announced the acquisition of Amperio Project and Quitérios to further its data center capabilities. Amperio Project is a Swiss specialist in busbars. Based in Murten, the company employs around 20 people and has annual sales of more than €4 million ($4.7m). Quitérios is a Por...
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United States
Imran Latif has joined Johnson Controls as vice president, global technology and innovation, data centers after spending the last 14-and-a-half years at Brookhaven National Laboratory, most recently as its chief operations officer (COO) for data center infrastructure."Having had the opportunit...
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KAO Data
The CEO of UK data center company Kao Data, Doug Loewe, has stepped down. The company claimed that Loewe had "decided to dedicate more of his time" to philanthropic work, a cause with which he has a long history. Loewe was CEO for a year and a half.“On behalf of the Board and the entire team a...
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United Kingdom
Insurance broker and risk advisor Marsh this week announced the launch of Nimbus, a new insurance facility providing clients cover for the construction of large-scale data centers across the UK and Europe.Nimbus provides up to €1 billion ($1.15bn) in construction all-risks coverage and up to €...
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Amazon AWS
Amazon has revealed plans to invest $10 billion for the expansion of its data center infrastructure in North Carolina which will be used to support the company's cloud and AI services, and is expected to bring 500 full time jobs to the region.“Artificial intelligence is changing the way we wor...
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United States
The chairman of the Federal Energy Regulatory Commission (FERC), Mark Christie, is set to be replaced when his term expires at the end of the month and President Donald Trump has nominated Laura Swett, who currently serves as energy litigation counsel at the law firm Vinson & Elkins, as Ch...
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Turkey
Turkish e-commerce company Trendyol this week announced a partnership with UAE-based Castle Investments to build and operate a 48MW facility in the Turkish capital.“As well as helping us to better serve our growing domestic and international customer base, it reinforces our commitment to inves...
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United States
Snow Lake Energy, a uranium development firm, and US-based nuclear engineering company Exodys Energy have launched a joint venture to develop a small modular reactor (SMR) for the US data center market. This venture will use an SMR design based on pressurized water reactor (PWR) technology and...
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Finland
International private equity firm APL Group (also known as Asia Pacific Land) this week announced the development of a hyperscale data center campus in Varkaus, in the province of Eastern Finland.The data center will be built on a 28-hectare site and has a planned capacity of up to 100MW. The ...
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Liquid cooled data center firm Colovore has appointed Jeffrey Springborn as chief executive officer. He was previously the CEO of energy monitoring startup Best.Energy USA and prior to that, he was at fiber firm Lightedge for more than 20 years, and also had stints at Terabeam and Inteliant....
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United States
Cryptomining firm Hyper Bit Technologies this week announced it has signed a non-binding agreement to purchase Dogecoin Mining Technologies in a structured deal that will include an 11MW data center hosting facility based in Canada, along with a minimum of 2,000 ElphaPex DG2 mining rigs.“We vi...
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Paris
French national investment bank Bpifrance, UAE investment fund MGX, French AI firm Mistral AI, and Nvidia this week announced the formation of a joint venture to establish what they claim will be Europe’s largest AI campus in France.The companies said they aim to develop Europe’s first purpose...
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Applied Digital
Applied Digital is looking to develop a multi-billion-dollar data center in Deuel County, South Dakota which could see up to $16 billion in investment and create up to 200 high-paying jobs. In addition, Applied Digital has committed to improving local fiber infrastructure, and to minimize the ...
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Five Point Infrastructure LLC (formerly known as Five Point Energy) this week announced the formation and funding of PowerBridge LLC, launched with an equity commitment of up to $1 billion. PowerBridge will focus on developing, building, and managing gigawatt-scale data center campuses, associ...
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Virgin Media O2 Business and Daisy Group have announced plans to merge their B2B operations to create a £3 billion ($3.96bn) telecoms group in the UK. In the announcement, Virgin Media O2 Business said the merger will "create a major new force in the UK business communications and IT sector."“...
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PepsiCo, Inc. has signed a multi-year agreement with Amazon Web Services (AWS). The American multinational food, snack, and beverage corporation will migrate its applications and workloads to AWS' cloud platform as part of its "cloud-first" strategy."A cloud-first approach has been essential t...
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Galaxy Digital Holdings Ltd. this week announced that CoreWeave has exercised its first option to access an additional 260MW of critical IT capacity at the former’s Helios data center campus."This Phase II commitment with CoreWeave marks another major step in Galaxy's evolution as a trusted pa...
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