Data Center News

DataBank Secures $715m For Data Center Development

DataBank is collecting $715 million on the market for asset-backed securities (ABS) to develop its data center infrastructure. Kroll Bond Rating Agency has disclosed in a pre-sale report information on the financing. The deal's issuer and co-issuer are represented by DataBank Issuer, LLC and D...

February 23, 2023

DataBank

Verizon signs four new PPAs

Verizon has announced that it has signed four new power purchase agreements (PPAs) for renewable energy, an aggregate of up to 410 MW of renewable energy capacity. According to the company, these new deals align with its broader goal to source or generate renewable energy equivalent to 50 per...

January 17, 2023

Verizon Enterprise

Aligned plans 108MW Hillsboro campus

Aligned has announced plans for an expansion into Hillsboro, Oregon, with a 27-acre, 108 MW data center campus. At the campus, the initial data center, PDX-01) is expected to offer 72MW of critical capacity and feature 12 6MW data halls across 27 acres. The company has shared that this site w...

January 11, 2023

Aligned

Aligned To Develop a 264MW and 3.3 Million Square Feet Facility at Quantum Loophole's Maryland campus

Aligned has revealed plans for its new data center at the 2,100-acre Quantum Loophole campus in Frederick County, Maryland. Quantum Loophole revealed in May 2021 that it is developing a gigawatt-scale data center campus in Frederic County, Maryland. A year later, Aligned became the first compa...

December 13, 2022

Aligned

Bloomberg Reporting Aligned is Close To Odata Acquisition

According to Bloomberg, Aligned is looking to acquire Brazilian data center operator Odata. The report states that the discussions are in the advanced stage of a potential $1.8 billion deal. However, there’s still uncertainty about the deal, and it is more likely to fall through as it is to...

December 09, 2022

Aligned

Aligned Data Centers Plans To Develop 192MW Data Center at Quantum Loophole's Maryland campus

Aligned Data Centers has announced its plan for a massive data center in Frederick County, Maryland. The company plans to develop a gigawatt-scale facility at the 2,100-acre Quantum Loophole Campus. Earlier in May 2022, Aligned announced that it would develop a data center at the Quantum Looph...

December 06, 2022

Aligned

Lumen To Sell its EMEA Operation to Colt For $1.8 Billion

Lumen has announced that it will sell its Europe, Middle East, and Africa (EMEA) operations to Colt in a $1.8 billion deal. The deal will see Lumen divest its EMEA business, including its data centers, terrestrial and subsea networks, and network equipment in the EMEA region, to Colt. The deal...

November 07, 2022

Lumen Technologies

DataBank launches Salt Lake City data center

DataBank has announced the opening of its latest Salt Lake City data center, SLC6. According to the company, the facility was built to meet the growing demand for increased capacity and mission-critical IT infrastructure.“We are pleased to open this new facility, providing additional capacity...

October 27, 2022

DataBank

IMCO Pumps $450 million in DataBank

The Investment Management Corporation of Ontario (IMCO) will invest around US$450m in DataBank. The Canadian firm signed an agreement to invest the funds as part of DataBank’s recapitalization process. DataBank is expected to close the deal in Q4 2022. The Chief Investment Officer of IMCO...

October 24, 2022

DataBank

Aligned Data Centers continues investment in Phoenix with two new data center campuses

After acquiring two parcels of land in Arizona, Aligned Data Centers has announced plans for two new construction projects, mega campuses, spanning 400MW of IT load and approximately two million square feet. The facilities will reportedly prioritize sustainability, using Delta³ cooling technol...

October 17, 2022

Aligned

T-Mobile Sells Data Center and Wireline Business to Cogent for $1

Cogent Communications Holdings has acquired T-Mobile’s wireline business for $1 billion. In addition, T-Mobile expects to have a pre-tax charge of $1 billion from selling the unit to Cogent. T-Mobile will also pay Cogent $350m in the first 1 year of closing the deal and another $350m over the ...

September 26, 2022

Cogent Communications

Involta Expands its Independence, Ohio Facility

Involta has announced the expansion of its data center in Independent, Ohio. The data center company added 1,300 square meters (14,000 square feet) of space to the facility. It also added 1MW of power to the data center. The facility is located at 7300 E Pleasant Valley Road. The expansion ...

August 29, 2022

Ark: Independence

Aligned Data Centers announces expansion in Northern Virginia

Aligned Data Centers has announced its expansion in Northern Virginia, with the addition of a new 72 MW four-story data center across 430,000 sqft based at its new campus in Sterling. This addition will be the company’s third in the area and part of phase one of the campus development. The fa...

August 03, 2022

Aligned

StratCap Completes Acquisition of Data Center in Jacksonville, Florida For Undisclosed Fee

StratCap has announced the acquisition of a data center in Jacksonville, Florida. The company revealed that its data center real estate division, StratCap Data Centers bought a triple net leased data center for an undisclosed fee. The facility spans 2,400 square meters (25,600 square feet) and...

July 13, 2022

Jacksonville

Aligned To Develop a 100MW Facility in Salt Lake City, Utah

Aligned has announced that it is developing a new data center in Salt Lake, Utah. The data center will be called SLC-03, and it will be developed on its campus in West Jordan, Utah. The development will see Aligned add over 100MW capacity to the West Jordan campus. When this happens, it wil...

June 23, 2022

Aligned

Sustainably-linked loan for Aligned

Aligned Data Centers has announced that it has increased its existing sustainability-linked (SLL) from $375 million to $1.75 billion in an effort to “accelerate its next phase of strategic growth and expansion.” This loan is linked to ESG goals, and if the company manages to reach the pre-agr...

May 20, 2022

Aligned

DataBank To Develop a 40MW Data Center at Newly Acquired Property

DataBank has announced the acquisition of an existing data center and 18-acre land in Atlanta, Georgia. The property acquired is located at 200 Selig Drive, Atlanta. Although the company did not reveal the transaction terms, CoStar reports that DataBank paid $10.9 million for the property. ...

May 18, 2022

DataBank

Triple Double and Stonerock Capital Partners Acquire Two Properties in Miami Including a Cogent-occupied Facility

Stonerock Capital Partners and Triple Double have completed the acquisition of two properties in downtown Miami. The properties are located at 200 SE 1st Street and 44 W. Flagler Street. They paid $56.7 million for both properties. The 200 SE 1st property is a 12-story, 13,200 square meter ...

May 09, 2022

Cogent Communications

H5 To Expand Its Cleveland Data Center

H5 is looking to expand its Cleveland facility in Ohio. The data center company filed with the Cleveland planning commission to expand its data center located at 1625 Rockwell Avenue. It also filed for a Façade change at the facility. Although the application didn’t reveal specifics of the ...

May 06, 2022

H5 Cleveland Technology Center (CTC)

DataBank Is Expanding its SNA2 Facility

DataBank has announced that it is expanding its SNA2 data center in Irvine, California. The expansion will see the company add 4MW of critical power and 24,000 square feet (2,200 square meters) of raised floor space. The facility currently offers 4MW of critical power and 3,100 square meter...

April 20, 2022

DataBank

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