Data Center News

STACK Infrastructure Constructs Its First Data Center in Australia

A new data center campus has been opened by Stack in Melbourne, Australia. This week, the company announced the conclusion of its MEL01 Asia-Pacific (APAC) data center.The 36MW MEL01A facility, situated on a 3.6-hectare site in Melbourne's Truganina region, is part of a 72MW campus that will u...

August 22, 2023

STACK INFRASTRUCTURE

DataBank completes seven data center expansion initiatives in the United States

DataBank has finished seven expansion initiatives throughout the United States. Over the weekend, the company announced the conclusion of seven data center projects in Dallas, Las Vegas, San Diego, Irvine, and Kansas City, in addition to two in Atlanta. In the past year, seven facilities have ...

August 21, 2023

DataBank

Vantage completes the first structure of the 96MW Ashburn data center campus

Vantage Data Centers' VA21 data center in Ashburn, Virginia, has reached completion. VA21 is the first data center currently under development on the 96MW VA2 campus of Vantage. The 18-acre VA2 campus will house three data centers with 800,000 square feet of space. Dominion Energy will provide...

August 18, 2023

Vantage Ashburn Campus

Equinix will construct a $42 million data center in Mumbai, India

Equinix will invest $42 million in a new data center in Mumbai, India. The MB4 data center is anticipated to be operational by the end of the fourth quarter 2023. The MB4 data center is in the Kalwa Industrial Area, approximately 9 miles from the company's two other IBX data centers in Mumbai....

August 10, 2023

Equinix

Google will invest $350 million to expand data center in Iowa

The Council Bluffs data center, located on the Nebraska/Iowa border, will be expanded by Google for $350 million. Plans for a data center in Council Bluffs were first made public in 2007. Google announced expansion plans in 2012 and 2015 and has since spent approximately $5 billion on the faci...

August 09, 2023

Google

Digital Realty unveils high-density colocation solu with 70kW racks in 28 markets

Digital Realty, a global leader in the data center industry, has introduced a high-density colocation service in 28 markets across North America, EMEA, and Asia Pacific. The new service supports up to 70 kilowatts per rack of computing power. Digital stated that the increased rack densities we...

August 08, 2023

Digital Realty Trust

Lumen, a US telco, loses $8.74bn due to non-cash impairment

In the second quarter, Lumen Technologies reported a loss of $8.74 billion, a significant decrease from the $344 million profit in the same quarter last year. The company, formerly CenturyLink Enterprise, has lost more than 66 percent of its value this year, reducing its market capitalization ...

August 03, 2023

Lumen Technologies

Stack Infrastructure concludes its second $250 million debt financing of 2023

$250 million in securitized notes have been issued as part of Stack Infrastructure's second round of structured debt financing for 2023. The funding round began a month ago with an initial goal of raising $100 million, which has since more than doubled. Since 2019, Stack has raised $2.3 billio...

August 02, 2023

STACK INFRASTRUCTURE

Mubadala makes an investment in Aligned Data Centers and acquires a minority stake

Mubadala Investment Company, the sovereign investment branch of Abu Dhabi, has invested in Aligned Data Centers. Mubadala will become a minority shareholder in the U.S. company, although the scale of the investment was not disclosed. Macquarie Asset Management remains the majority shareholder ...

August 02, 2023

Aligned

Blackstone and QTS to build data centers worth $8bn for "once in a generation" AI growth

The premier property fund of Blackstone, valued at $68 billion, is selling assets and preparing to invest billions in data centers. According to the Financial Times, Blackstone Real Estate Income Trust, or Breit, intends to invest $8 billion in the construction of new data centers through its ...

August 01, 2023

QTS Data Centers

Google data center initiatives postponed, but increases in AI compute expenditure made

Alphabet reported quarterly sales of $74.6 billion, an increase of 7% from the same period last year. Profits increased by 15% to $18.4 billion. While advertising sales drove the majority of the company's development, cloud sales increased by 28 % to $8 billion. Google Cloud reported its seco...

July 28, 2023

Google

Digital Realty sells TPG Real Estate 80% of Northern Virginia data centers stake for $1.3bn

TPG Real Estate now owns 80% of three Digital Realty data centers in the US state of Virginia's Northern Virginia. Digital will continue to oversee the daily operations of the joint venture's facilities. The data center business aims to utilize the $1.3 billion in proceeds from the transaction...

July 28, 2023

Digital Realty Trust

Google’s Water Consumption in Data Centers Soars by 20%

The 2023 Google environmental report shows a considerable increase in data center water consumption. The company consumed an astounding 5.6 billion gallons of water in 2022, of which 5.2 billion were used solely for data centers. Compared to the previous year, this is 20% higher. Large data ce...

July 27, 2023

Google

QTS acquires 400 acres in South Carolina's York County

A new campus for its data centers is being built by QTS on 400 acres of land in York County, South Carolina. Citing York County real estate documents, BizJournal reports that two entities linked with QTS Realty Trust LLC have acquired nearly 400 acres off S.C. Highway 274 for more than $11.2 m...

July 27, 2023

QTS Data Centers

Reliance joins Brookfield and Digital Realty's Indian data center JV

Reliance Industries, the largest business group in India, revealed that it would join Mercury Holdings SG Pte, the current joint venture between Brookfield Infrastructure and Digital Realty, to construct data centers in India. By acquiring a 33,33 % stake in the existing JV, Reliance Industrie...

July 26, 2023

Digital Realty Trust

Stack Infrastructure intends to raise $100 million in secured notes

Stack Infrastructure seeks to raise $100 million by issuing securitized notes. After raising $250 million in March, this will be Stack's second fundraising round this year and sixth overall. It will begin on July 24.The notes have received an A-2 rating from S&P Global. This is presently s...

July 26, 2023

STACK INFRASTRUCTURE

Google's data center plans in Uruguay spark outrage as country faces water crisis

Uruguay is currently battling a water crisis, facing its worst drought in more than 70 years. The country has now experienced years of low rainfall, something which is likely to only continue as climate change exacerbates the issue. However, it's not just the result of climate change, accordin...

July 21, 2023

Google

Compass will soon buy Sears' 2.4 million-square-foot Chicago facility

Compass Datacenters, which was recently taken over, is planning to purchase a former Sears office complex in Chicago, Illinois, presumably for a new data center campus. The data center constructor and operator are "poised" to acquire the Sears site in the Hoffman Estates neighborhood, as first...

July 21, 2023

Compass Datacenters

GI Partners acquires the majority stake in 2 Chicago data centers from Digital Realty

GI Partners has acquired a majority stake in two data centers in Chicago, Illinois, from Digital Realty. This week, the business announced that it had formed a joint venture with GI Partners to sell a 65 percent stake in two stabilized hyper-scale data center facilities and their associated ma...

July 18, 2023

Digital Realty Trust

Equinix to connect to new district heating scheme in Frankfurt, Germany

Equinix has announced that, through a partnership with a number of different companies, it will connect to a new district heating scheme in Frankfurt, Germany. In collaboration with Vonovia, AS Enterprise, and EB-SIM, the group aims to build a heating network for the bizonal residential area ...

July 17, 2023

Equinix

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