November 29, 2023 DataBank
DataBank has raised $533 million of capital to build new data centers through debt and equity. This brings the total funds raised by the company this year to $1.6 billion, with $715 million of secured notes issued in February and a $350 million credit facility announced later in March. DataBank...
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November 20, 2023 San Francisco Bay Area
OpenAI's co-founder and president, Greg Brockman, has quit the company after the board suddenly fired CEO Sam Altman last week. Brockman, who was initially made to step down as board chairman, has left the company. The board is yet to disclose the exact reason for firing Altman as the company...
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November 19, 2023 San Francisco Bay Area
OpenAI co-founder Sam Altman has been fired as CEO of the artificial intelligence startup as the board denounces confidence in his leadership. In a statement released by the company, the board noted that it “no longer has confidence in his ability to lead.” Mira Murati, OpenAI’s chief technology...
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November 18, 2023 London
Building consultancy Ridge recently acquired London-based Concert, a data center-focused consulting company, to boost its business in that sector. Both companies finalized this acquisition on November 3, but the terms of the transaction were not disclosed. Concert will operate under its current...
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November 17, 2023 Texas
Data Clean Corporation has acquired Texas-based critical environment cleaning company Sealco LLC, marking its second acquisition since it was bought by Angeles Equity Partners in November 2022. Frank Spelman, managing director at Angeles Equity Partners said, “Sealco is arguably one of the most...
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November 16, 2023 DataBank
DataBank announced it has acquired 85 acres of land in Culpeper, Virginia, to construct a new data center campus, which will host up to three two-story data centers offering 1.4 million square feet of space. The new facility will use DataBank’s recently announced Universal Data Hall Design...
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November 01, 2023 DataBank
US colocation provider DataBank recently purchased 95 acres of land near Lithia Springs within a mile of the 18 acres where it is already building its ATL4 facility in Atlanta, Georgia. The newly acquired parcel can accommodate two multi-story data centers totaling 1 million gross square feet. It...
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October 26, 2023 New York
Quantum computing firm D-Wave is facing delisting from the New York Stock Exchange over its low stock price for the second time this year. The company announced this week that it received a notice from the NYSE that it is not in compliance with listing requirements as the average closing price of...
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October 23, 2023 London
Asset management firm Intermediate Capital Group recently completed a £125 million purchase of offices and data center portfolio in London leased to UK telco Vodafone. The 260,000 square feet portfolio comprises five data centers which was initially acquired from British Land who announced the...
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October 09, 2023 Texas
Smith County, Texas is giving its data center at 200 E. Ferguson Street, Texas, the Smith County Annex a $2 million upgrade. This upgrade scheduled to begin on November 1, 2023, is expected to be completed by December 20, 2024. The mission for this upgrade is focused on enhancing the IT...
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September 30, 2023 San Diego
Kneron, a startup developing chips for AI inferencing, has raised $49 million from investors to scale up its hardware-developing efforts. Investors, including Foxconn HH-CTBC Partnership (Foxconn Co-GP Fund) and Alltek, made this additional investment, bringing the total Series B financing to...
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September 22, 2023 DataBank
DigitalBridge Group recently revealed the completion of DataBank's recapitalization. The Group announced that DigitalBridge received an additional funding of $219 million, bringing the total costs of the recapitalization to $2.2 billion. This completed recapitalization will bring about a...
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August 24, 2023 Kansas
IP Pathways bought Netsolus, a Missouri-based MSP. This week, IP Pathways of Des Moines, Iowa, announced that it will merge with Netsolus of Kansas City, broadening its footprint and services in the Kansas City region. The deal's terms were not disclosed. IP Pathways was founded in 2007 and...
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August 21, 2023 DataBank
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...
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August 16, 2023 Northern Virginia
Leesburg's Loudoun County Council unanimously approved data center design criteria. Unlike Ashburn, Virginia's Leesburg has no data centers; however, this may change. Three rezoning petitions may allow data center development in town. One is in the Oaklawn neighborhood, one close to the former...
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August 08, 2023 San Francisco Bay Area
Plans for an entertainment district development in San Jose, California, have been scrapped and replaced with data center plans, it has been announced. Back in 2018, developer Terra Ventures had initially pitched for development known as 'Shops @ Terra'; this would have been an entertainment...
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August 03, 2023 Texas
Energy company Valero's office and data center space is up for sale in Texas. Williams & Co Real Estate has the Valero Credit Card Ops Center at 7201 Canyon Drive in Amarillo listed for sale with a Triple Net Lease (NNN) tenant. The price listed is $6,295,000. The 2003-built,...
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August 03, 2023 Kansas
There is a data center building available for purchase in Topeka, Kansas. Topeka's 400 SE Jefferson Street is up for sale through Colliers for a price that has not been disclosed. The 16,350-square-foot building in Shawnee County contains a 10,500-square-foot data center and a 5,850-square-foot...
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July 27, 2023 London
Thames Water has announced that it is considering restricting data center water-use in London. The measure could reportedly include charging operators more at peak times and adding flow restrictors to pipes.Initially, the private utility undertook an assessment to get insight into how much water...
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July 20, 2023 Kansas
A data center is being built by Edged Energy in Kansas City, Missouri. According to BizJournal, the Northland of Kansas City will soon see the start of construction on a data center by engineering and construction company Burns & McDonnell. The company is constructing an 18MW waterless-cooled...
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