June 29, 2023 TierPoint
TierPoint seeks to raise $925 million by selling A-rated data center revenue notes from Kroll Bond Rating Agency. The exchange is TierPoint's first and is backed by 31 colocation data centers with approximately $397.2 million in annualized monthly frequent revenue and $198.3 million in yearly...
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June 20, 2023 Compass Datacenters
Brookfield Infrastructure Partners will acquire Compass Datacenters with the company's current investor, Ontario Teachers' Pension Plan. This week, Brookfield Infrastructure, its financial partners, and longtime investor Ontario Teachers' Pension Plan revealed that they had officially agreed to...
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May 26, 2023 Mapletree Redwood Data Centre Trust
The acquisition of a data center in Osaka, Japan, signifies Mapletree Industrial Trust's entrance into the Japanese data center market. This week, the manager of Mapletree Industrial Trust (MIT), Mapletree Industrial Trust Management Ltd., announced the purchase of a recently constructed data...
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May 25, 2023 Meta
After announcing that it was canceling or pausing data center projects that were in mid-development last year, Meta has finally revealed some details on its AI-optimized data centers. The giant has shared that it is working on a custom chip "family" to bolster the efficiency of its data centers,...
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May 24, 2023 Meta
rPlus Energies has announced that it has signed a 200MW power purchase agreement (PPA) with Idaho Power, which has a special energy services agreement with Meta; output from the project will go into the same grid supporting Meta's new Kuna data center. The Ada County, Idaho solar farm, known as...
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May 18, 2023 Meta
Details regarding Meta's water consumption at a planned data center in Toledo have been released, revealing that yearly the facility will guzzle an estimated 660 million gallons of water. The facility was given the green light by Castilla-La Mancha back in March as a PSI, due to the economic...
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May 01, 2023 Compass Datacenters
Compass Datacenters has purchased 375 acres of vacant land in Dallas, Texas, more than tripling its land holdings in the region. According to BizJournal's 'Best Real Estate Deals' awards, the company acquired land in Red Oak, Ellis County, south of Dallas. "This new campus will likely be one of...
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April 27, 2023 Meta
In an effort to curb construction waste, Meta has announced a new project that is using mushrooms to help mitigate some of the 660 million tons of waste sent to landfills and incinerators each year. The giant has been working with Mycocycle, a tech company in the zero-waste market, to pilot the...
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April 26, 2023 Meta
Reuters reports that Meta abandoned plans to release its own artificial intelligence processor and instead adopted Nvidia GPUs. Initial use of CPUs for AI training and chips for inference caused the company to fall behind in AI development. The switch to GPUs necessitated the redesign of its data...
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April 25, 2023 EdgeConneX
The construction of a new facility in Rishon will allow EdgeConneX, an innovator in global Hyperlocal to Hyperscale Data Center Solutions, to increase its data center impact in Israel. The new data center will meet the region's growing demand from hyperscalers, cloud service providers, and...
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March 29, 2023 EdgeConneX
EdgeConneX has announced that it has successfully executed $3.3 billion in “innovative” sustainability-linked financing, which it said will enable the development of critical digital infrastructure to support customers' global data center requirements. For this, JGlobal awarded the company with...
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March 23, 2023 Meta
Meta has announced that it has signed a new PPA for solar energy. The PPA, with Avangrid, will see the giant source 240MW of energy from the True North solar farm which is currently under development in Falls County, Texas, the former's first in the state. The solar farm is set to launch in early...
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March 22, 2023 H5 Data Centers
After dismantling the former data center there, H5 Data Centers has started construction on a new one in Ashburn, Virginia. This week, the company started building a 255,000-square-foot, three-story data center with a 42-megawatt capacity. The building is offered for pre-leasing at Loudoun...
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March 15, 2023 Meta
After letting go of around 11,000 workers in the latter part of last year, Meta aims to let go of about 10,000 individuals. As part of CEO Mark Zuckerberg's 'Year of Efficiency' appeal to investors to improve a falling share price, the corporation will also eliminate 5,000 unfilled positions....
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March 13, 2023 Meta
Meta's job cuts continue, with the announcement last week that the giant is driving forward with its so-called "year of efficiency." CEO Mark Zuckerberg first announced massive cuts back in November; now, thousands more are set to be laid off. According to experts, while the first cuts were a...
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February 24, 2023 Meta
Meta has sold a property in Mesa, Arizona, to the developer of data centers, EdgeCore Internet Real Estate, for $1.2 million. The lot, situated at 3856 S. Everton Terrace and comprising approximately 15 acres of land, has been acquired by EdgeCore as part of its substantial investment in the...
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February 18, 2023 Compass Datacenters
Compass Data Centers has resubmitted its designs for a huge Prince William County data center project. The firm and QTS are developing more than 20 million sq ft of data centers for the PW Digital Gateway project. This month, Compass amended its June 2022 rezoning proposal with further details....
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February 08, 2023 Meta
In a cost-cutting effort, Meta claims to have rebuilt its data centers to be less expensive and quicker to build. Meta canceled or paused data centers worldwide and redesigned them for additional artificial intelligence demands late last year. Facebook's Danish data center development and Texas,...
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January 17, 2023 Verizon Enterprise
Verizon has announced that it has signed four new power purchase agreements (PPAs) for renewable energy, an aggregate of up to 410 MW of renewable energy capacity. According to the company, these new deals align with its broader goal to source or generate renewable energy equivalent to 50 percent...
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January 12, 2023 EdgeConneX
EdgeConnex is reportedly planning a third data center in Miami, Florida, after acquiring a 6.250-acre plot of land. According to a report by BizJournal, this facility will be a two-story data center and located on the southwest corner of Northwest 106th Street and Northwest 112th Avenue. A...
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