Data Center News

Grid vulnerability warnings in Texas

There are growing concerns around grid availability in Texas after the announcement that as much as 5,000MW of cryptocurrency load could be added to the grid by 2023. According to reports, operator Electric Reliability Council of Texas (ERCOT) will oversee 3,000-5,000 MW added in addition to t...

November 22, 2021

Texas

Genesis Digital Assets expands data center footprint in West Texas

Genesis Digital Assets, a U.S.-based Bitcoin (BTC) mining firm, has announced that it is expanding its data center footprint in Texas. The facility will be industrial-scale with a capacity of 300MW.According to reports, the facility will also have sustainability at its core, with “sustainable ...

November 03, 2021

Texas

Iron Mountain enters $178 million sale-leaseback deal with Intermediate Capital Group, and would use proceeds to invest in data centers

US Real Estate Investment Company Iron Mountain has announced that it sold five facilities in the greater London area to Intermediate Capital Group (ICG). The sale agreement also included a leaseback deal for the facilities. Iron Mountain will remain in the facilities for an initial 12 year pe...

June 26, 2021

Iron Mountain

Iron Mountain Completes Agreement to Expand footprint to India with JV with Web Werks

Iron Mountain is expected to invest $150 million over the next two years in a joint venture with Web Werks. Web Works is one of India’s top colocation data center providers. Iron Mountain, which is a storage and information management services company first announced its plan to invest on Febr...

April 21, 2021

Iron Mountain

Iron Mountain completes it $1.3 billion acquisition of IO Data Centers

Iron Mountain Inc. completed its acquisition of the U.S. operations of Phoenix-based IO Data Centers LLC on Wednesday. Iron Mountain (NYSE: IRM), the Boston-based storage and information management services company, bought IO for $1.34 billion. Iron Mountain announced the acquisition Dec. 11. ...

January 10, 2018

Iron Mountain

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