November 18, 2023 Cyxtera Technologies
The US Bankruptcy Court for the District of New Jersey this week approved the sale of substantially all of the Cyxtera assets to Brookfield Infrastructure Partners for $775 million. Both companies expect this deal to be finalized by the first quarter of 2024. Nelson Fonseca, Cyxtera CEO said, “We...
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October 11, 2023 Singapore
Singaporean large language model provider 6Estates recently launched an Nvidia DGX BasePOD based on Nvidia GCX H100 systems to develop its AI offerings. The company will use this BasePOD for its "Model Solutions" offering, which provides users with personalized large language models. The cluster...
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August 16, 2023 Cyxtera Technologies
Reportedly, Brookfield and Digital Realty are interested in acquiring the struggling Cyxtera. According to Bloomberg, several parties, including Brookfield Infrastructure Partners and Digital Realty Trust, are interested in purchasing the assets of the insolvent colocation company. The firms...
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August 11, 2023 Cyxtera Technologies
Cyxtera has submitted a reorganization plan to the US Bankruptcy Court for the District of New Jersey. Lenders with over two-thirds of the company's outstanding first-lien debt support the proposal. The proposal would get rid of more than $950 million in pre-filing debt for Cyxtera. In either a...
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August 01, 2023 Cyxtera Technologies
Cyxtera plans to decline leases for two data centers held by Prime DC in Santa Clara, California. In June, Cyxtera filed for Chapter 11 bankruptcy due to continuing losses and upcoming debt maturities. The organization is seeking a buyer or new investor. According to DgtlInfra, Cyxtera intends to...
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July 24, 2023 Singapore
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...
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July 14, 2023 Singapore
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 be...
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July 12, 2023 Singapore
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 to...
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July 04, 2023 Cyxtera Technologies
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 Grove...
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June 19, 2023 Cyxtera Technologies
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 contacted...
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June 09, 2023 Singapore
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...
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June 07, 2023 Cyxtera Technologies
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...
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May 19, 2023 Singapore
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...
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May 05, 2023 Cyxtera Technologies
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...
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April 18, 2023 Singapore
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...
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April 11, 2023 Singapore
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, to...
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March 02, 2023 Cyxtera Technologies
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 will...
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November 21, 2022 Cyxtera Technologies
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 January...
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September 28, 2022 Cyxtera Technologies
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. The...
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July 22, 2022 Singapore
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...
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