Cyxtera Singapore SG2 Data Center News

GIC seeks to raise capital for South Korean data center initiative

The sovereign wealth fund GIC of Singapore is soliciting funds for a data center outside Seoul, South Korea. According to Business Korea, institutional investors, such as GIC, are working with indigenous institutional investors, securities companies, and asset management firms to build a data ...

July 24, 2023

Abdul-Rahman Oladimeji

Singapore

Equinix, AirTrunk, Microsoft, and GDS are chosen by Singapore for an 80MW data center experiment

As Singapore looks to end a years-long prohibition on new developments, four data center operators have been given 80MW of capacity for new facilities. Since 2019, Singapore has imposed a ban on the construction of new data centers; however, previously authorized facilities were permitted to b...

July 14, 2023

Abdul-Rahman Oladimeji

Singapore

Bitdeer expands: Announces new data centers in Norway and Bhutan

In Bitdeer Technologies Group's latest operations update, it shared details about its upcoming expansion. Linghui Kong, Chief Executive Officer of Bitdeer, noted that its 100MW Gedu mining data center in Bhutan, for example, is almost complete and is expected to be delivered in July. Further t...

July 12, 2023

Singapore

Cyxtera decids not to lease data center owned by Stack in Elk Grove, Illinois

Due to ongoing losses and impending debt maturities, struggling Cyxtera issued a Chapter 11 bankruptcy claim last month. The company is seeking a buyer or potential investor. As part of the procedure, the company turned down the lease at the Stack-owned facility on Touhy Avenue in the Elk Grov...

July 04, 2023

Abdul-Rahman Oladimeji

Cyxtera Technologies

Six letters of intent to acquire the business delivered to Cyxtera

Data center company Cyxtera is being seriously considered for acquisition by at least six parties. This month, struggling Cyxtera filed for Chapter 11 bankruptcy due to continuous losses and impending debt maturities. The organization is seeking a buyer or new investor. The company has contact...

June 19, 2023

Abdul-Rahman Oladimeji

Cyxtera Technologies

Singapore's IMDA establishes tropical data facility sustainability benchmark

Singapore has introduced a standard for maximizing the energy efficacy of data centers (DCs) in tropical regions. The Infocomm Media Development Authority (IMDA) standard recommends operating centers at higher temperatures to save energy on cooling. Dr. Janil Puthucheary, Singapore's Senior Mi...

June 09, 2023

Abdul-Rahman Oladimeji

Singapore

Data center colo provider Cyxtera declares bankruptcy

The US colocation provider Cyxtera has declared bankruptcy. Cyxtera began a pre-arranged court-supervised procedure under Chapter 11 of the United States Bankruptcy Code following the Restructuring Support Agreement (RSA) originally made with certain lenders. Cyxtera stated that it intends to ...

June 07, 2023

Abdul-Rahman Oladimeji

Cyxtera Technologies

CLAR Intends to Acquire The Seagate Singapore R&D Facility And Data Center

CapitaLand Ascendas REIT (CLAR) is seeking to acquire Seagate Singapore's research and development facility, which includes a data center, for $163.14 million. The facility, known as 'The Shugart' and located in the one-north district of Singapore, was constructed only eight years ago and was ...

May 19, 2023

Abdul-Rahman Oladimeji

Singapore

Cyxtera Receives $50m Lifeline, Satisfies Debts, And Must Sell or Raise Capital

A shaky US colocation provider has settled its debts with creditors. The business must find a buyer or investor to continue funding or go bankrupt and cede control to its owners. The company obtained $50 million in new funding from lenders holding over two-thirds of its existing term loan to s...

May 05, 2023

Abdul-Rahman Oladimeji

Cyxtera Technologies

Floating data center park in Singapore to go ahead after gaining regulatory approval

Keppel Data Centres has announced that its floating data center park in Singapore has received approval and will proceed. Located at the Loyang Offshore Supply Base operated by Toll Group, the facility was originally proposed back in 2019, which came after a significant investment in Californi...

April 18, 2023

Singapore

Scientists at NTU Singapore invent data center cooling spray

When it comes to data center cooling, everyone's on the hunt for the latest innovative, efficient tech; and at Singapore's Nanyang Technical University (NTU), its research team is working on the latest solution. The group proposes cooling servers by spraying chips with fluid; dielectric fluid,...

April 11, 2023

Singapore

Cyxtera, Dell Technologies Accelerate Client Operations with On-Demand Infrastructure Services

To assist clients with infrastructure deployment more swiftly, Cyxtera and Dell Technologies have collaborated. Dell's infrastructure will be delivered by Cyxtera, a supplier of data center colocation and interconnection services, and its colocation and network technologies. The companies w...

March 02, 2023

Abdul-Rahman Oladimeji

Cyxtera Technologies

Cyxtera’s Conversion to REIT Status Pushed To 2024

Cyxtera has announced that it will be pushing its intention to become a real estate investment trust (REIT) back to a later date. Earlier in September, the colocation firm announced its plan to adopt a REIT status for tax purposes. The initial plan was to complete the conversion by 1st Janu...

November 21, 2022

Abdul-Rahman Oladimeji

Cyxtera Technologies

Cyxtera To Adopt REIT Status

Cyxtera has announced that it is adopting a real estate investment trust (REIT) status. This move provides better tax status while making steady and consistent dividends available for its shareholders. However, the company needs to make most of its revenue from income-producing real estate. Th...

September 28, 2022

Abdul-Rahman Oladimeji

Cyxtera Technologies

Singapore authorities to begin taking applications for new data centers

Singapore has announced the end of its data center moratorium and is now accepting new applications for facilities, following Infocomm Media Development Authority (IMDA) and Economic Development Board's (EDB) pilot scheme launch. The moratorium was originally put in place back in 2019 due to S...

July 22, 2022

Singapore

Evolution Data Centres (EvoDC) launches new Sustainable Data Centre Charter

Evolution Data Centres has announced the launch of its new Sustainable Data Centre Charter, through which it measures its entire operations, with the aim of minimizing carbon intensity and limiting water usage as the company grows. The charter includes the target of emitting 20 tonnes of carbo...

June 20, 2022

Singapore

RDA and MVGX partner for sustainable data center development

MetaVerse Green Exchange (MVGX), a crypto exchange regulated by the Monetary Authority of Singapore (MAS), has announced it is teaming up with AI firm Red Dot Analytics, for carbon measurement and to offset tropical data centers.Singapore implemented a three-year moratorium on new data center ...

May 23, 2022

Singapore

American Realty Advisors Buys Property Housing Two Cyxtera-Occupied Facilities in Virginia

American Realty Advisors has completed the acquisition of two data centers in Loudoun County currently occupied by Cyxtera. An affiliate of American Realty Advisors known as ACPF Nova Data Center LLC paid $51 million to acquire a 12-acre site that holds two single-story data centers. One of...

April 15, 2022

Abdul-Rahman Oladimeji

Cyxtera Technologies

SGTech's response to Singapore's data center quota

Although back in 2019, Singapore introduced a data center moratorium following concerns around energy supplies, in 2022, this moratorium was lifted - with conditions. Part of these conditions was that the country would be more selective over future data center projects. Further details around...

April 11, 2022

Singapore

Cyxtera Mulling Over Sale

According to Bloomberg, Cyxtera Technologies is mulling over a sale just a year after it went public. The report shows that the company is looking into different strategic options, which also include a potential sale. Cyxtera is also working with advisers to consider the best choice for the...

April 08, 2022

Abdul-Rahman Oladimeji

Cyxtera Technologies

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