Data Center News

Japan's SoftBank acquires British AI chip designer Graphcore

Japan

Japan's SoftBank Group Corp has acquired British chip designer Graphcore, which will become a wholly-owned subsidiary of SoftBank, but will continue to operate under the Graphcore name.“This is a tremendous endorsement of our team and their ability to build truly transformative AI technologies...

Telecom Egypt and 4iG partner on Egyptian fiber network

Telecom Egypt and Hungarian telco 4iG have signed a Memorandum of Understanding (MoU) to establish the joint venture and build a fiber network to serve a minimum of six million households on a wholesale basis.“Through this agreement, which will capitalize on our respective strengths in the ICT...

Hut 8 to expand in West Texas

Texas

Cryptomining company Hut 8 has revealed that it will beexpanding its operations in Texas and has signed a power purchase agreement to procure 205MW of energy for a new data center to be built on an undisclosed greenfield site in West Texas.Asher Genoot, CEO of Hut 8, said: “This transaction ex...

Hexatronic acquires parts of Icelandic services firm

Sweden

Swedish Fiber and connectivity firm Hexatronic  this week announced it has signed a letter of intent to acquire parts of Endor, a data center services unit owned by Icelandic company Sýn, in an acquisition which will bring Hexatronic a customer base across Iceland, Sweden, and Germany."The bus...

Ireland to introduce new policy for company-owned transmission infrastructure

Ireland is set to introduce new policies that would allow private companies including data center operators to build their own energy transmission infrastructure as the government has approved two memos – one on private wires and another on energy storage."It is clear from both the engagement ...

New quantum computing demonstration system commissioned in Germany

Germany / Deutschland

A quantum computing demonstration system, the first full-stack, ion-trap-based quantum computer demonstrator made entirely in Germany by NXP Semiconductors and quantum computing startups eleQtron and ParityQC has finally been commissioned. Jan Leisse, co-founder & CEO at eleQtron, said: “W...

MCC complete the removal of banned Chinese equipment

China

Mediacom Communications Corporation (MCC) has said that it's on course to complete the removal of banned Chinese equipment from its network this month by its July 15 deadline."To date, 100 percent of the program has been completed across the areas of removal and replacement, and 99 percent of ...

Planqc secures €50 million in equity financing

Germany / Deutschland

German quantum computing startup Planqc which makes neural atom-based quantum computers, has secured €50 million ($54m) in equity financing in a  Series A investment, led by the European Family Office Catron Holding and the DeepTech & Climate Fonds (DTCF).Alexander Glätzle, CEO and co-foun...

Ovzon launches services from debut geostationary (GEO) broadband satellite

France

Swedish satellite communications firm Ovzon has launched services from its debut geostationary (GEO) broadband satellite. “Ovzon’s proprietary satellite Ovzon 3 has reached its orbital position in the geostationary arc,” the company said recently. “After a few weeks of final in-orbit testing, ...

CyrusOne secures billion dollar credit facility for data center expansion

CyrusOne

Data center firm CyrusOne this week announced the closing of a $7.9 billion Warehouse Credit Facility incremental to the $1.8 billion Revolving Credit Facility financing completed in May, providing the company with approximately $9.7 billion of additional debt capital raised.“The successful cl...

Start Campus names new CEO after corruption scandal

Portugal

Portuguese data center company Start Campus has appointed Robert Dunn as chief executive officer, effective immediately, after the previous one was arrested in a corruption scandal that saw the country’s prime minister ousted.Dunn said: “I am excited to continue leading Start Campus as CEO at ...

Storj acquires AI compute provider Valdi

Asia-Pacific (APAC)

Cloud storage company Storj has acquired Valdi, an artificial intelligence (AI) compute provider, adding AI capabilities to its cloud storage offering with Valdi's GPUs through the process.Storj's chief revenue officer Colby Winegar said: “Today’s enterprises demand new high-performance soluti...

InfiniG deploys in-building mobile coverage in Florida

Miami

Mobile coverage solution firm InfiniG has deployed its in-building mobile infrastructure as a Service (MCaaS) solution at the Gale South Beach Hotel in Miami. This deployment offers multi-carrier mobile coverage services to all guests in all locations in the Gale Hospitality Group-owned hotel,...

Goldman Sachs reports $1trn spends on utility upgrades with little to show for it

United States

A research newsletter from Goldman Sachs has warned that large tech companies have ramped up capital expenditure to fuel generative AI development which will ramp up to around $1 trillion will be spent over the next few years, but have yet to show sustainable business models."So, the crucial q...

ESR to sell land acquired for data center in Sydney, Australia

Australia

Industrial real estate firm ESR  is looking to sell 1.5 hectares at 44-50 Waterloo Rd, which it acquired in 2021 from an AMP Capital fund for AU$71m, and had been earmarked for a data center development. The parcel is currently home to two office and industrial buildings partly occupied by Mac...

Siyata Mobile to invest in Canadian Towers & Fiber Optics

México

Siyata Mobile has announced that it will be investing in Canadian Towers & Fiber Optics Inc. (CT&FO), a company that specializes in developing telecoms infrastructure in Mexico. It will be purchasing an aggregate of 130,000 common shares, at a purchase price of $8.00 per share, for an ...

CTA calls for stricter measures against copper theft

Canada

The Canadian Telecommunications Association (CTA) has called for tougher measures to deter the theft of copper cables as related crimes have increased by an estimated 200% each year from 2021 to 2023.“It’s something we’ve seen over the past couple of years, quite a substantial increase in inst...

AWS partners with Australian government for high-security data center development

Amazon AWS

Amazon has partnered with the Australian government for the development of a high-security data center that will handle top-secret information with an investment of A$2 billion to be made over the next decade. Due to the "top secret" nature of the project, neither the location nor the specific...

GlobalFoundries acquires Tagore Technology’s GaN IP portfolio

United States

Chipmaker GlobalFoundries (GF) has acquired a gallium nitride (GaN) IP portfolio from Tagore Technology, a fabless chip company that develops gallium nitride-on-silicon (GaN-on-Si) semiconductor technology for radio frequency and power management applications.“We are committed to being the fou...

Dutch telcos secure additional 5G spectrum at an auction

Netherlands

Dutch telcos, KPN, Odido, and VodafoneZiggo all secured 100 MHz of spectrum in the 3.5GHz band during the country's latest auction this week which raised €174.4 million.“Companies and consumers have been waiting for this moment for a long time. Meanwhile, the demand for data is growing rapidly...