Data Center News

Empyrion DC secures S$133 million green loan

Empyrion DC, a Singapore-based data center operator, has secured a green loan worth S$133 million (US$98 million) to refinance its SG1 Dodid data center in Singapore, with proceeds used to “support existing operations” at the 12.5MW facility. This financing was provided by the UOB bank. Mark ...

February 27, 2024

Singapore

Diraq secures $15 million in a Series 2-A funding round

Quantum computing startup Diraq has raised $15 million in a Series 2-A funding round led by specialist investor Quantonation, a venture capital fund dedicated to quantum technologies, with participation from Higgins Family Investments and the University of New South Wales, Sydney. This latest ...

February 14, 2024

Sydney

Singapore-based startup receives $12.5 million in funding for electricity transformers

Singapore-based startup Amperesand, which makes SSTs that could replace standard transformers in electricity distribution, has been given $12.5 million in funding to develop solid-state transformers (SSTs), which could make electricity grids more efficient and flexible. "We are thrilled to par...

February 09, 2024

Singapore

Swiss Life Asset Managers acquires major stake in Telecom Infrastructure Partners

Investment firm Swiss Life Asset Managers this week entered an agreement with London-based InfraBridge, an infrastructure investment management division of DigitalBridge Group, to acquire a co-controlling equity stake in Telecom Infrastructure Partners (TIP). Gianfranco Saladino, head of value...

January 10, 2024

London

Singapore considers making data centers and clouds "critical infrastructure"

Singapore’s government is currently contemplating marking data centers and clouds as "critical infrastructure,” and extending oversight to cloud service providers and data center operators. A decision in this regard is expected to be made by January 15, 2024. Currently, the Cybersecurity Age...

December 22, 2023

Singapore

Lightmatter officially becomes a unicorn

Photonic computing company Lightmatter has now been crowned a Unicorn, raising $155 million at a $1.2 billion valuation. This funding is part of the series C investment round, which helped the company raise $154 million in May, successfully tripling the company’s value at the time. Overall, Li...

December 19, 2023

Boston

Seraya Partners reaches goal of $800 million APAC funding

Singapore-based Seraya Partners has closed an $800 million fund dedicated to digital infrastructure and energy transition investments. Half of the fund has already been dedicated to three companies: data center operator Empyrion DC, offshore wind vessel operator Cyan Renewables, and solar, win...

December 14, 2023

Singapore

OpenAI president Greg Brockman quits as the company fires CEO

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 ...

November 20, 2023

San Francisco Bay Area

OpenAI co-founder Sam Altman fired from the company

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 technol...

November 19, 2023

San Francisco Bay Area

Ridge purchases UK data center consultancy Concert

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 curre...

November 18, 2023

London

Quantum computing firm D-Wave faces delisting from NYSE again

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...

October 26, 2023

New York

ICG completes £125 million purchase of London DC portfolio

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...

October 23, 2023

London

6Estates launches Nvidia DGX BasePOD for AI offerings

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 clust...

October 11, 2023

Singapore

Developers in San Jose, California, switch hotel plans for data center development

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 d...

August 08, 2023

San Francisco Bay Area

ESR secures Sustainability-Linked Loan (SLL) for Hong Kong data center development

ESR has secured a Sustainability-Linked Loan (SLL) to develop a data center in Hong Kong, it has announced. It has closed the first SLL in Hong Kong, worth HK$1.6 billion (US$205m), which will be used to convert a building in Kwai Chung into the 21.3MW ESR Kwai Chung Data Centre HK1.The compan...

August 03, 2023

Hong Kong

Thames Water considers restricting London data centers' water usage

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 wat...

July 27, 2023

London

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

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

Equinix

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

98MW data center facility planned outside Abbots Langley, Hertfordshire

Greystoke Land Ltd has applied to the Three Rivers District Council to demolish extant structures on a 33-hectare site north of Mansion House Farm through Bedmond Road in Abbots Langley to construct a data center campus. The company intends to construct two data center structures totaling up t...

July 05, 2023

London

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